The Singaporean tax agency is initiating to remove Goods and Services Tax from cryptocurrencies that work as a medium of exchange. In case the proposal gets accepted then it will come into action on January 1st, 2020. It will bring some certain changes in the current status of digital payment tokens.
IBM has successfully completed the shipping of 108,000 mandarin oranges from China to Singapore using blockchain technology. The trial was conducted with an aim to reduce paperwork formalities and shipping costs involved. Pacific International Lines handled the transit using an e-BL, an electronic version of the Bill of Landing developed by IBM Research Singapore, which was processed on blockchain.