Commentary

Blockchain holds promise for Singapore businesses

It can help manage cash flow, boost security, build smarter and more secure supply chains, and improve trade finance

You'd be forgiven for thinking of cryptocurrency when you hear the word blockchain.

Originally built in 2008 to underpin cryptocurrency exchanges, blockchain has now evolved into one of the world's fastest-growing technologies with the potential to reshape our economy and society in ways not seen since the advent of the Internet.

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A version of this article appeared in the print edition of The Straits Times on August 11, 2020, with the headline 'Blockchain holds promise for Singapore businesses'. Subscribe