Monetary authority of Singapore has included the leaders of the blockchain-industry in its Advisory Council. It includes the Blythe masters of the Digital Asset Holding and Tim Grant of R3.
International technology Advisory panel (ITAP) will consist of 15 members. In addition to the masters and Grant it included the CEO of blockchain provider of financial services SolidX Daniel Gallancy, as well as other FINTECH areas: Executive Director of cloud provider technology Symphony David Gerl, head of the analytical unit Finance Corporation Allianz Andreas Braun, Director of Chinese online Bank WeBank David Ku, banks Saxo Bank and Fidor Kurt von Sheidt and Matthias kroner, and head of the research direction in the insurance company AIG Murli Buluswar.
The Council aims to provide consulting services to the Singapore regulator. The discussions are planned to discuss how new technologies can improve the delivery of financial services in Singapore.
The first ITAP meeting held on 2 August. It was attended, besides the members of the Board, the Chairman of the Monetary authority of Singapore (MAS) Tharman Shanmugaratnam and other senior staff of the regulator. The Council meeting consisted of four thematic discussions on issues such as the use of the blockchain, as well as integrated means of communication and of information processing and mobile financial services market. The panel discussion took place in public and were attended by more than 500 professionals FINTECH-region, the profile of scientists and students challenge.
"This in-depth discussion with world leaders in innovation marks another step taken by the Monetary control and the financial industry of Singapore in the creation of "smart" financial centre that uses technology to improve efficiency, manage risk, create new opportunities, and to improve the welfare of Singaporeans," said managing Director of the Singapore regulator Ravi Menon.
The next meeting of Council scheduled to be held in 2017.
Previously the monetary authority the Central Bank of Singapore announced the funding blockchain project, which involves the creation of a system based on a distributed registry. In the project, which is given for about five years, plans to invest $225 million
MAS will also be one of the organizers of the Singapore FINTECH festival" (Singapore FinTech Festival, which will be held in Singapore from 14 to 18 November 2016.