Ripple to Power Invoice Platform in Singapore

Ripple to Power Invoice Platform in Singapore

A proof-of-concept for blockchain-powered invoice trading platform has been developed by the DBS Bank, Infocomm Development Authority of Singapore (IDA) and the Standard Chartered Bank. The aim of the Ripple blockchain implementation is to enhance the invoice tracking, reducing invoice duplication risk and increasing the security measures to transfer traditional invoices into virtual assets.

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