Singapore Announces Plans to Support 5G Ecosystem

Asia Blockchain Review
July 14, 2019

Singapore’s Infocomm Media Development Authority (IMDA) has stated that it will be making several investments to establish Singapore as a smart city that supports 5G and offers blockchain-enabled services to citizens and businesses.

Building a 5G Ecosystem to Drive Connectivity 

According to a report by Silicon Republic, S. Iswaran, Singapore’s Minister for Communications and Information, said that the IMDA is working with the National Research Foundation to invest S$40 million (approx. US$29.42 million) in establishing a 5G ecosystem.

Initially, the IMDA will be focusing on areas such as urban mobility, smart estates, maritime operations, Industry 4.0, consumer applications, and government applications for the technology.

Promoting Digital Economy with DLT & IoT

Meanwhile, the IMDA has also granted funds to eight projects as part of an initiative to create smart city nodes. These include a tool to project real-time local updates onto a 3D image of the estate and sending information through sensors connected via an Internet of Things (IoT) platform.

The IMDA has also revealed that Singapore is working to bring together different digital government systems on a blockchain platform. To address this initiative, the IMDA is reviewing its proposed Electronic Transactions Act (ETA), which will enable citizens and businesses to use distributed ledger technology (DLT) to create smart contracts and store biometric data.

IMDA chief executive Tan Kiat How said the project is part of Singapore’s “urgent efforts to digitalise, to be relevant and competitive.” Moreover, he called on the private sector to take part in the project.

“IMDA’s new multi-pronged, collaborative initiatives […] will further complement our existing efforts to accelerate Singapore’s transformation to an advanced digital economy, and I encourage all organisations to participate in these programmes,” Tan said.

Source: https://www.siliconrepublic.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Covid-19 is A Wake Up Call: Infinity Blockchain Labs Taiwan Explains
    Get more insights on the bandwagon of adapting towards the future technology of transparency to trac...

    May 29, 2020

    Transparency and Traceability of the Future Technology
    ABR recently had a chat with Steve Nam, the Managing Director of WOWTRACE on authenticity and transp...

    May 29, 2020

    Vottun Takes The Road Less Travelled
    We got to catch up with Rohan Hall, Founder/CTO/CEO Vottun USA, to share his thoughts on his firm’s ...

    May 28, 2020

    MAHSA University on Blockchain: Exclusive Interview with Dr Saad Musbah
    ABR recently spoke to the Head of Student Central and Senior Lecturer at MAHSA University, Dr. Saad ...

    May 27, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us