DBS Bank has launched its “DBS Token Services” for real-time blockchain payment settlements, using smart contracts for enhanced security and transparency.
Singapore’s DBS Bank has introduced a new suite of blockchain-powered services for its institutional clients.
In an announcement sent to Cointelegraph, DBS introduced the “DBS Token Services,” which facilitate real-time payment settlements using the bank’s permissioned blockchain.
Permissioned blockchains are networks with an access layer that allows participants to only interact with a pre-approved level of authority. While these blockchains use distributed ledger technology, they are not fully decentralized.
