Real Time Search
CES A80 :
CES 120 :
Total Turn.

Blockchain Technology Empowers SMEs to Grow and Go Global

2019-11-14 06:00:00

SINGAPORE, Nov. 14, 2019 /PRNewswire/ -- At Singapore Fintech Festival 2019 which was held at The EXPO from 11th-15th November 2019, a number of international experts of diverse background and experience shared their views on the Blockchain technology.

Image: CSE delegation at Singapore Fintech Festival 2019
Image: CSE delegation at Singapore Fintech Festival 2019

Mr Lucas Landolt, Head of Operations of Llyod's & Partners AG shared some use cases of Blockchain in the financial sector which may be applied to central bank infrastructure. In particular, Lucas also mentioned about the power of Blockchain-based Anti Money Laundering (AML) platform that utilizes smart contracts, which can automate the process of fraud detection in AML applications.

Mr Victor Vu, Head of Research and Development of CSE Technology, shared about the vision of CSE to apply Blockchain technology to daily life, especially through applications that help small and medium sized enterprises (SMEs) as they are backbones of the economy in many countries, especially in the emerging economies of South East Asia.

SMEs are crucial to economic and social developments, employing a significant part of the workforce and contributing to a country's national income. However, SMEs often face challenges of having limited access to bank loans, trade finance, or alternative financing. Another major challenge for SMEs is in the adoption of new technologies in digitalization due to their small scale.

According to Victor, the aim of CSE is to help SMEs solve their existing challenges, grow their business, and even help some SMEs go global -- through the application of Blockchain technology. The third-generation Blockchain technology developed by CSE helps SMEs build trust, obtain peer-to-peer funding, and execute their business processes with better efficiency and security.

Victor highlighted on the power of Blockchain in offering Smart Contract. He disclosed that the new generation Smart Contract 2.0 tool running on CSE 3.0 Blockchain technology has been successfully applied to 62 open-source projects across 16 industries. Key projects include: SmartAgri which was initially launched in Vietnam and would soon be expanded to other markets; iCare Base healthcare program which was launched in Thailand; and Owifi project which was recently launched in Thailand and Vietnam.

At the same time, CSE is also identifying business opportunities from new innovation programs with the objective of building an international ecosystem of young innovators in the region in new technologies, particularly in Blockchain.

Furthermore, to help increase Blockchain's adoption by SMEs across more sectors as well as non-profit organizations, CSE will soon collaborate with "Children Are Innocent", a charity organization based in Singapore. CSE will offer the organization a Blockchain-based smart contract platform that allows donors to access data, and provides transparency on deployment of charity fund. This will help them build trust and encourage more donors to contribute to the charity fund that provides medical care and other support to needy children in the region.

About CSE SG

CSE SG is a company established in Singapore. Its has developed a proprietary CSE 3.0 technology that creates an improved Blockchain platform with breakthrough features including the application of encryption technology, Blockchain foundation, Blockchain pool 3.0, Smart Contract 2.0, artificial intelligence, internet of things, and supernode cloud. CSE 3.0 has been applied to applications in traceability of products; encrypting and management of information, and retail payment at very low cost, super fast speed and even with no internet connectivity, across a number of sectors, including: healthcare, agriculture, wifi marketing, charity organizations, education, supply-chain management, banking, and other industries.

About Smart Contract 2.0

Blockchain ensures immutability, security and transparency, while Smart Contract allows for intelligent execution. A Smart Contract not only defines the terms and conditions around an agreement in the same way that traditional contracts do but also automatically executes and enforces those pre-agreed terms and conditions, eliminating the need for middlemen. The new-generation Smart Contract 2.0 is a powerful, yet user-friendly tool built on the revolutionary, super-fast CSE Blockchain 3.0 platform, featuring multi-contractual conditions and multi-industry applications.

To create your smart contract: 

Photo -


PR Newswire News

Reveal Acquires NexLP to become the leading AI-powered eDiscovery Solution
Chinese property developer Country Garden moves up to the 147th position on Fortune Global 500 List 2020
Introducing Motional: The Hyundai Motor Group and Aptiv Autonomous Driving Joint Venture Unveils New Identity
Sands China Wraps Up Successful Sands Shopping Festival
Xinhua Silk Road: China Liuyang releases investor-inviting cultural tourism program to sharpen city image
New World Group Wins Bid for the Middle Huaihai Road Land Parcel in Huangpu Region Shanghai for RMB4,111 Million Expands K11's Presence in Eastern China
China Literature Announces 2020 Interim Results
Huawei Partners with Merriam-Webster to Bring World-Class Dictionary App to AppGallery Users
Asiaray Secures Concession Rights for Chengdu Tianfu International Airport's Advertising Media
Ping An Climbs to 21 in the Fortune Global 500 List, 2nd Among Global Financial Enterprises
Milken Institute Asia Summit Scheduled for December 8-10, 2020
Xinhua Silk Road: Changshu intensifies efforts to further optimize business environment
CEOs: Post-Covid changes are permanent and there are more to come
PHC Holdings Corporation and Ascensia Diabetes Care Announce Financing Agreement and Exclusive Global Commercial Agreement With Senseonics
NetEase Cloud Music and Universal Music Group Enter into Licensing Agreement for China
Global Fund Launches Search for Inspector General
AGTech Announces Interim Results For The Six Months Ended June 30, 2020
NEOM selects U.S. construction leader Bechtel to accelerate primary infrastructure development for its Cognitive Cities
iClick Interactive to Report Second Quarter 2020 Financial Results on August 24, 2020
Xinhua Silk Road: Eastern Chinese city attracts investors by creating sound biz environment
Back to Top