Singapore Blockchain Accelerator Nets BMW and Intel Among New Partners


0

Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22.

Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups.

Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation.

Now, both BMW and Intel will provide expertise to the startups selected for support. The car giant will focus on the mobility industry, while Intel will share knowledge gained through its activities in the blockchain and cryptocurrency mining sectors.

Another partner, data management giant Nielsen, will provide a form of a sandbox focusing on regulatory compliance risks and other necessary considerations when setting up a blockchain product for market.

Back in December, sources confirmed each cohort of startups would receive eight months’ coaching, with eight initially in line.

The move comes amid multiple blockchain-related phenomena finding a home in Singapore’s regulatory environment, which lawmakers have sought to make accommodating for the technology.

Earlier this month, blockchain shipping initiative TradeTrust, also with government involvement, launched its pilot phase.

Longer term, Singapore plans to integrate blockchain further, such as in the central bank’s Project Ubin payments project, set to deliver its first results next year.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format