TechFlow, September 16 — According to Hong Kong Business Daily, DBS Hong Kong has announced the completion of Phase Two testing in the HKMA's e-HKD pilot program, exploring how tokenization and programmability can enhance digital voucher applications. Supported by DBS Bank's token services, this pilot project integrates tokenization and smart contract technologies with the bank's transaction services. Using Purpose-Bound Money (PBM) technology, it tests the addition of specific spending conditions on digital currencies such as e-HKD. The application could be extended to other reward programs, financial management, supply chain payments, and improved payment process management.
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