welcome to

Property deals in Singapore could go fully digital, under planned law tweaks

Property deals in Singapore could go fully digital, under planned law tweaks.

The Infocomm Media Development Authority (IMDA) has launched a public consultation on its review of Singapore’s Electronic Transactions Act (ETA).

The planned changes would also affirm that new technologies such as blockchain and biometrics are covered by the Act, and would let the IMDA update compliance standards for the third-party certification authorities that issue digital credentials for electronic signatures.

Separately, Singaporeans’ living environments could get another digital boost with the next phase of the Smart Estates Initiative, which is opening a fresh call for proposals, with new sites.

Businesses have been tapping technology to digitalise, which changes how they interact with consumers, Minister for Communications and Information S. Iswaran noted.

Source: https://www.businesstimes.com.sg/government-economy/property-deals-in-singapore-could-go-fully-digital-under-planned-law-tweaks

Adapted from The Business Times 28 June 2019