Chief Financial Technology Officer, Singapore Monetary Authority: Technology that banks should accept blockchain and distributed ledgers

According to Sina Finance, on July 13, the "Fourth Global Financial Technology (Beijing) Summit" hosted by China Financial Forty Forum and Financial City was held in Beijing, Sopnendu Mohanty, Chief Financial Technology Officer, Singapore Monetary Authority (MAS) Attend and said that there are four types of technologies that are driving the transformation or transformation of the financial industry. Policy makers must pay attention to these four types of technologies. These include the technology that banks should accept blockchains and distributed ledgers. Two days ago in Shenzhen, we also heard the technology of distributed ledgers made by some banks and its partner banks, which was very efficient. I am also very excited to learn that the development of China's blockchain is faster in the financial industry than in other countries. If any country can start to use blockchain and distributed ledgers in financial technology and use it better, it must be China. Singapore has an example of “connection payment”. How do we use a distributed ledger to build a future payment system in this project? Now is the final stage of the project. Let's look at establishing a payment-possible model that allows different countries to make payment connections. This is based on blockchain technology, allowing different central banks to connect, making cross-border payments a reality.