Singapore Government’s Tribe Accelerator Raised S$16.8M in Funding

Asia Blockchain Review
July 17, 2019

Tribe Accelerator — a blockchain accelerator supported by Singapore’s government — held a Demo Day on July 3, 2019 at Facebook’s APAC headquarters. The event showcased companies that have participated in Tribe Accelerator presenting their innovative blockchain solutions.

Accelerator Supports Growth in DLT

Apart from holding events like Demo Day, Tribe Accelerator has facilitated the fundraising of S$16.8 million for firms in its program, partly due to Tribe’s corporate partnership network with major corporations including R3, BMW Asia, Intel, Nielsen, and PwC Singapore.

Among the blockchain projects highlighted at the event, online platform Quotz, operated by sgCarMart, allowed buyers and sellers to access the service history of vehicles.

Meanwhile, halal supply-chain solution provider WhatsHalal offered a mobile application for end consumers to verify halal products on the market.

Another company, Digix, highlighted solutions for businesses where users can verify and secure gold bullion using Decentralized Ledger Technology (DLT).

Introducing a Blockchain Programming Academy

At the event, Tribe Accelerator introduced a blockchain programming academy Tribe Code aimed at forming partnerships with blockchain firms to teach necessary skills to new developers in the growing industry.

Managing Partner of Tribe Accelerator Ng Yi Ming said demand for DLT solutions are growing.

“Our participants demonstrate that they have real market-ready solutions, and the market is responding with the quality and number of partnerships and investments channeled,” he disclosed, adding that, “People are genuinely eager for more everyday uses of blockchain and this is reflected in the uptake of regional investments, and corporate partners that are coming onboard in the months ahead.”

Source: https://vulcanpost.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
3 Blockchain Trade Finance Projects in China Pass $63bn in Volume
Three major blockchain trade finance initiatives in China have a combined volume of US$63 billion, w...

December 8, 2019

South Korea’s Fantom Partners with Afghan Government
South Korean blockchain firm Fantom has entered into a partnership with the Afghan government to dev...

December 8, 2019

S4 Agrotech Firm Adopts Blockchain to Address Food Waste
Latin American agrotech firm S4 revealed that it is joining IBM’s Food Trust network in order to use...

December 7, 2019

KPMG Launches Blockchain-Based Platform to Verify Data for Trade Partners
KPMG Origins — a blockchain-based platform for global trade — has been officially launched by KPMG i...

December 7, 2019

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