The Great Reset: Cross-border wholesale CBDC payments testing was completed with success.

"We've now tested that solution in a sandbox environment with 18 central and commercial banks. Participants express strong support for the solution's continued development, noting that it enabled seamless exchange of CBDCs, even those built on different platforms."

The testing used Quorum and Corda blockchain networks during the 12-week collaborative period. A total of 4,736 transactions were processed by participants between the two blockchain networks, and between Corda and a fiat currency.

In the sandbox, it was Kaleido blockchain technology that facilitated the two independent simulated national CBDC networks with a central bank and commercial banks operating nodes on the network.

Kaleido developed this for Swift to enables their new CBDC sandbox with broad industry participation and to help defined the future of CBDCs in cross-border payments.

"This sandbox demonstrates that CBDC-initiated cross-border payments can plug into Swift's enhanced platform exactly as real-time gross settlement payments do."

Back in November 2018, Kaleido selected Chainlink to provide Oracle Services for the blockchain Business Cloud.

This pilot testing was a collaboration by the New York Fed and the Monetary Authority of Singapore (MAS) to establish connectivity across multiple heterogeneous simulated currency ledgers, aims to significantly reduce settlement risk, a key pain join in cross-border cross-currency transactions.

Note: CBDCs around the world may end up using cryptocurrency technology but that doesn't mean the cryptocurrency industry will continue to exist thereafter.

Note: Singapore is very involved in the Great Reset Agenda 2030. 

Here are some of Singapore's Young Global Leader graduates as of 2023 update:

Lee Hsien-Loong (1993, Prime Minister), Natalie Black (Trade Commissioner for Asia Pacific), Teo Ser-Luck (2007, Minister of State for Trade and Industry), Christopher de Souza (2009, Deputy Speaker of the Parliament.

Former ministers are Calvin Cheng (2009, MP), and Penny Low (2005, MP). 

Former cabinet ministers include Lim Hng Kiang (1994, Minister of Trade and Industry), and George Yeo (1993, Minister for Foreign Affairs). 

People involve in state owned enterprises including Michael Yap (2000, Deputy CEO, Media Development Authority of Singapore), Chua Chim Kang (2006, Chairman, National Heritage Board of Singapore)

Bureaucrats include Aaron Maniam (2013, Foreign Service), David Lim Tik-En (1995, Government Advisor), Yinglan Tan (2012, Office of the PM-Head of National Research Foundation, Projects Division), Kwong Weng Yap (2012, Secretary General UN Association of Singapore-UNAS), and Simon Tay (2000, Singapore Institute of International Affairs-AIIA). 

Other notable CEOs are Lee Hsien-Yang ([also PM brother] 1996, Chairman, Fraser and Neave Ltd), Zi Chew Shou (CEO, TikTok), UOB (1 CEO), SCB (1), Deutsche Bank (4) and National University of Singapore (2).