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DBS joins Hedera Governing Council
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finextra.comDesigned to remove the bottlenecks in cross-boprder trade, Hedera’s distributed ledger technology (DLT) allows for the sharing of information between two parties involved in a transaction and ensures that that information or data is in fact credible and authentic - without the need for a trusted intermediary.
DBS says it intends to use its membership to further explore the emerging opportunities created by distributed ledger technology.The bank last year launched a blockchain-backed digital asset ecosystem for corporate clients, and in April formed a joint venture company with JPMorgan and Temasek that will use distributed ledger technology to challenge the cumbersome hub-and-spoke model applied to traditional cross-border payment flow.
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