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SINGAPORE， Nov. 16 (Xinhua) -- Monetary Authority of Singapore (MAS) announced that it is partnering R3， a Blockchain technology company， and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology， said MAS in a press release on Wednesday.

MAS said this project could potentially avail a payment system for participants to transact in different global markets round-the-clock that are today limited by time zone differences and office hours. The project will develop a pilot system in which Blockchain infrastructure is used to issue and transfer funds among participants.

Such a system will also be more resilient against stoppages by decentralizing and distributing the software that records and validates payments. Participants can depend on the immutable record of transactions at the heart of the Blockchain to reduce the cost of long term record keeping.

The central bank said Blockchain technology has the potential to make financial transactions and processes more transparent， resilient and at lower cost. The outcomes from the project will provide guidance on future projects such as cross border payments， automation of securities issuance， trading and settlement using Blockchain technology.

KATHMANDU Nike Air Max 97 Gold UK , Dec. 6 (Xinhua) -- In a bid to promote the life and works of famous modern Chinese writer and poet Lu Xun, a two-day exhibition dedicated to him kicked off here on Friday.

Photos portraying his life and famous works are shown at the exhibition, thanks to Beijing Lu Xun Museum. The exhibition is drawing a large number of students and admirers of his work. "I never knew Lu Xun until today, but now I am going to study more about him because his poems and works are heart-touching Nike Air Max 97 Ultra UK ," said Ramesh Maharjan, a student at the exhibition.

Organized by the Devkota-Lu Xun Academy, the exhibition aims to introduce Chinese literature and culture to the Nepali people, gapping the language barrier.

At the exhibition Nike Air Max 97 Undefeated UK , all the works of Lu Xun have been either translated to Nepali or English.

His works have been translated to Nepali by Shanta Das Manandhar, who was also honored at the exhibition.

Devkota-Lu Xun Academy is a literary and cultural organization, founded by a group of writer, critics Nike Air Max 97 Womens UK , translators, artists, researchers, media personnel and cultural activists in order to foster literary and cultural exchanges between Nepal and China.

The name of the Academy is derived from Laxmi Prasad Devkota and Lu Xunthe best known writers from Nepal and China.

Nini Chapagain Nike Air Max 97 Pink UK , chairman of the academy, told Xinhua that the sole objective of the academy is to promote the exchange of literature of the two countries and spread it to the masses.

Devkota is famous for his novel "Muna Madan" which is based on the life of Nepali workers who had left home to work in Lhasa.

Google boss Eric Schmidt said Monday that the tech giant had developed new technology that makes it harder to find child sexual abuse images on the web.

Writing in British newspaper the Daily Mail, Google's executive chairman said more than 100,000 searches would no longer feature such material in their results.

The restrictions will initially apply to English-speaking countries but will be expanded to the rest of the world and 158 other languages within six months.

The announcement comes ahead of Monday's Internet Safety Summit at Prime Minister David Cameron's Downing Street office Nike Air Max 97 Red UK , where Google and Microsoft will be joined by other Internet firms.

In July, Cameron urged search engines to go further in blocking surfers from accessing illegal images.

Schmidt wrote: "While society will never wholly eliminate such depravity, we should do everything in our power to protect children from harm."

He said that in the last three months, Google had put more than 200 staff working on developing new technology to tackle the problem.

"We've fine tuned Google Search to prevent links to child sexual abuse material from appearing in our results Nike Air Max 97 Black UK ," he wrote.

"While no algorithm is perfect -- and Google cannot prevent paedophiles adding new images to the web -- these changes have cleaned up the results for over 100,000 queries that might be related to the sexual abuse of kids.

"We will soon roll out these changes in more than 150 languages, so the impact will be truly global."

Schmidt said warnings from the California-based Internet giant were now showing at the top of results for more than 13,000 searches. The alerts also make clear that child sexual abuse is illegal and give advice on where to get help.

He also said Google had developed technology that allowed illegal videos to be 'tagged' so all duplicate copies can be removed across the web.

"We welcome the lead taken by the British government Nike Air Max 97 White UK , and hope that the technologies developed (and shared) by our industry will make a real difference in the fight against this terrible crime," said Schmidt.

(Agencies)

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