Ethereum is gaining a lot of traction beyond just the cryptocurrency world with the latest development in Singapore indicating how the cryptos technology could be used in innovative ways.
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
The Monetary Authority of Singapore (MAS) in collaboration with Deloitte, banks and blockchain companies has published a report about the first phase of the tokenised Singaporean dollar project called Project Ubin.
http://positivethefacts.com/2017/07/tokenised-ethereum-based-dollar-being-tested-in-singapore/
Wow so what now they want to put fiat money on the blockchain?
I thought the entire purpose was to get rid of fiat money, not to tokenize it
No the purpose is visibly to tokenize fiat
Half-jokes aside, I think the tokenization of fiat is a good way to encourage adoption and, to continue the discussion with roselee, to avoid some HF which may seem a bit arbitrary. You can enter into God mode when you have just a bunch of unknown miners in front of you. You can't when you have 150+ entreprises and a few states.