Thurs. AM Seeds of Wisdom RV/GCR Update(s) 8-22-24

Seeds of Wisdom DBS Bank pilots blockchain-based government grants The blockchain-based solution builds on DBS Bank’s participation in Project Orchid, an effort by the Monetary Authority of Singapore to test the benefits of tokenization. Singapore’s DBS Bank launched a solution that uses blockchain technology to streamline the disbursement of government grants. DBS Bank announced that in the pilot, it collaborated with Enterprise Singapore (ESG), a statutory board under the Ministry of Trade and Industry of the Government of Singapore and the Singapore Fintech Association (SFA), which promotes financial technology in the country. DBS Bank uses smart contracts to disburse government…