🚀 **Crypto News Flash: DBS Innovates with Blockchain for Gov Grants!** 🚀

- **Singapore's DBS Bank** has rolled out a blockchain-powered solution to streamline government grant disbursements using smart contracts.

- **Pilot Project**: Conducted with Enterprise Singapore and the Singapore Fintech Association, benefiting 27 local fintech firms.

- **How It Works**: A permissioned blockchain ensures only approved beneficiaries receive grants, reducing manual intervention and speeding up payouts.

- **Future Plans**: DBS aims to extend this tech to more use cases like project payments and consumer rewards, exploring further with Project Orchid.

💬 **Thoughts on blockchain in public services? Share below!** 💬