Singapore to Promote Blockchain Development With $8.9 Million Funding

Singapore to Promote Blockchain Development With $8.9 Million Funding
фото показано с : zycrypto.com

2020-12-8 21:14

Singapore’s government has doubled its effort in promoting blockchain development in the country through an innovative project worth several millions of dollars.

Dubbed Singapore Blockchain Innovation Programme (SBIP), the project will see a group of government agencies invest SGD 12 million (about $8.9 million) to build infrastructure for the domestic blockchain industry. 

The agencies involved in the SBIP program include Enterprise Singapore and Infocom Media Development Authority. The project is funded by the National Research Foundation with support from the Monetary Authority of Singapore, the country’s central banks, and financial regulators. 

The project aims to help companies and financial firms adopt, develop, commercialize, and encourage blockchain technology. The program will involve about 75 multinational corporations, large local enterprises, and information and communication (ICT) firms.

SBIP will focus on conceptualizing 17 blockchain-related projects in various industrial sectors within the next three years. It will also focus on blockchain technology in supply chains, logistics, and business in Singapore. 

To extend its reach to the agricultural sector, SBIP will team up with DiMuto, a supply chain agricultural tech company, to trace high-valued perishables using blockchain technology. The main goal is to improve the agricultural sector and improve farmers’ creditworthiness.

The program will also improve ICT companies by helping blockchain systems and networks collaborate to further grow the blockchain industry, increase the talent pool, and build a reliable and robust blockchain ecosystem. 

A Blockchain Hub

Singapore is one of the largest hubs for blockchain in Asia. The country has over 234 entities in its blockchain ecosystem, with 91 new entities launched this year alone. 

The SBIP program is another innovation to keep Singapore ahead and make it the largest blockchain hub globally. 

Other blockchain-promoting innovations by the Singaporean government include the Project Yubin launched by the Monetary Authority of Singapore in 2016. The program has proven a tremendous commercial potential since its launch.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Singapore Dollar (SGD) на Currencies.ru

$ 132817.18 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $132548.29 - H: $133966.94
Капитализация $0 Rank 99999
Цена в час новости $ 25498.58 (420.88%)

singapore blockchain government million project development programme

Источник: zycrypto.com

singapore blockchain → Результатов: 126


New Tribe Accelerator Blockchain Program by Enterprise Singapore, ICON and PwC Venture Hub Launches

Singapore has been one of the most cryptocurrency-friendly nations in the world, and their adoption of blockchain technology follows. Even the local government sees the value in these assets, which is why one government body named Enterprise Singapore has partnered with other companies in a new effort to support a blockchain accelerator project. The decision […]

2018-12-4 22:06


Pure Diamond Farm Singapore to Create Affordable Lab-Grown Diamonds on the Blockchain

Diamonds are a girl’s best friend is a popular saying that has become a well-known anthem for steadfast relationships. Yet, even though people put trust into a diamond they are buying, how can we be sure that it has been ethically sourced and is genuine? Not only that but is there a cheaper alternative available? […] The post Pure Diamond Farm Singapore to Create Affordable Lab-Grown Diamonds on the Blockchain appeared first on Coinjournal.

2018-8-20 13:55


Singapore Crypto Exchange AlphaBit to Open Malta Office on Blockchain Island

Singapore-based AlphaBit Cryptocurrency Exchange has announced that it will be opening up a new office in Malta, a move aimed at cementing its presence in Europe. Malta remains one of the most favorable destinations for blockchain and cryptocurrency companies owing to the many firms setting up their bases in the country. The move by AlphaBit […]

2018-8-10 23:23


CryptoCurrency Expo: August 12, Singapore Blockchain Event Details

What Is Crypto Currency Expo? Crypto Currency Expo is a project aimed at establishing relationships in the fast-developing crypto space. The idea behind the expo is to assist virtually anybody who desires to educate themselves in as well as being cognizant of the up-to-the-minute information regarding cryptocurency technology, related discoveries, and up-to-date fiscal and technological […]

2018-8-9 06:35


Crowd Genie to revolutionize the lending business

August 9, Singapore: Crowd Genie Financial Services Pte. Ltd., a company providing innovative lending products and services, licensed by the Monetary Authority of Singapore, has undertaken a strategic initiative aimed at design and delivery of a modern lending and asset exchange platform that is powered by the blockchain technology. The platform will elevate the lending/borrowing […]

2018-8-9 05:23


Olife aims to Utilise Blockchain 4.0 Technology to Revolutionise the Digital Commerce Industry

Singapore, 07 Aug 2018 – Olife, a Singapore-based unified digital commerce platform is set to disrupt the digital commerce landscape by enhancing its services through blockchain technology. Olife will be launching its own digital currency, the Olife (ticker: OLIFE) Token, to be used within the Olife ecosystem and traded on the cryptocurrency market.

2018-8-8 03:48


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

BitGo launches subsidiary in Singapore to boost services in APAC

Crypto custodian BitGo has announced the launch of its Singaporean subsidiary following obtaining a local license from the Monetary Authority of Singapore. On Thursday, Nov. 21, crypto custody firm BitGo announced the launch of a Singapore subsidiary to provide trading…