Testing showed that the chip can encrypt and decrypt data approximately 15 times faster than a purely software-based solution performing the same tasks.
The push for early transactions must go hand in hand with full compliance with regulations on licensing, financial safety, foreign exchange management, anti-money laundering and investor protection.
The project aims to deliver up to 1.3 gigawatts (GW) of renewable electricity to Singapore through a transmission corridor connecting Vietnam, Malaysia and Singapore.