ABN AMRO, IBM, ING in Dutch Blockchain Coalition trade mission to Singapore

Yesterday, ABN AMRO announced that it is participating in a Dutch Blockchain Coalition (DBC) trade mission to Singapore. This week the Singapore Fintech Festival (SFF) and Week of Innovation at Technology (SWITCH) are being held, with multiple Dutch firms taking part. As the DBC explained yesterday, Netherlands-based companies partnered with the Dutch government for blockchain development in June. The parties are this week attending the Singaporean events to collaborate on various use cases and foster new business relationships overseas.

‘Blockchain for Good’ challenges

The DBC’s role is to coordinate the firms involved in Partners for International Business (PIB) and organize ‘challenges’ to be worked on during the SFF/SWITCH week. These firms include ABN AMRO, TNO, the Port of Rotterdam, The Hague Security Delta and the Dutch ministries of Foreign Affairs, Economic Affairs and Climate, Justice & Security, and Infrastructure and Water. ABN AMRO and IBM have worked together on initiating a challenge on how blockchain can be used for client due diligence (CDD) and financial crime prevention. It counts the Monetary Authority of Singapore (MAS), ING, De Nederlandsche Bank, ConsenSys, and R3 as participants.

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