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New Privado ID Protocol Enables Users to Verify Identity Across Multiple Blockchains

The Fintech Times

Privacy-focused digital identity platform Privado ID , has launched a multi-chain, device-agnostic identity attestation protocol that enables people to verify their credentials across multiple EVM-compatible blockchains, in a move to streamline the end-user experience in the Web3 space.

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Blockchain-Based Age Verification 

Segpay

In response, less intrusive alternatives like blockchain-based age verification are emerging. Before diving into the benefits of blockchain, it’s essential to understand the privacy and security issues associated with ID-based age verification. A key feature of blockchain-based age verification is zero-knowledge proofs (ZKP).

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DBS Drives Innovation with Blockchain Services for Institutions

Fintech News

DBS Bank has introduced DBS Token Services, a suite of banking services that uses blockchain technology to offer faster and more efficient transactions for institutional clients. This blockchain service operates through DBS’s permissioned blockchain, ensuring full control while maintaining compliance.

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Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement

Fintech News

Standard Chartered and Ant International have successfully completed their first Singapore dollar (SGD) transaction using the latter’s blockchain-based Whale platform. Featured image credit: Edited from Freepik The post Standard Chartered, Ant Complete First Blockchain-Based SGD Settlement appeared first on Fintech Singapore.

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OCBC Becomes First Singapore Bank to Use Blockchain for Intraday Lending

Fintech News

OCBC announced that it is the first bank in Singapore to offer intraday institutional lending using blockchain technology. By utilising blockchain technology, the exchange of cash and securities becomes near-instantaneous, a significant improvement over traditional repo markets where the process can take at least one business day.

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Cross-Chain Interoperability: The Future of Blockchain Networks

Fintech Review

Blockchain technology has revolutionised numerous industries by providing decentralised, secure, and transparent systems. However, one of the significant challenges it faces is interoperability between different blockchain networks. However, these networks often operate in isolation, limiting the potential of blockchain technology.

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UBS pilots blockchain-based payment system

Finextra

UBS has successfully piloted a blockchain-based payment system, UBS DIgital Cash, designed to improve the speed and efficiency of cross-border transactions for corporate and institutional clients.