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Singapore Government-Supported Blockchain Accelerator

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According to a recent report, BMW Group Asia, Intel and Nielsen are now official partners of the Tribe, a Singapore government-supported blockchain accelerator Tribe.

Tribe Will Enjoy Support From Three Major Global Companies

The accelerator made it known in a recent release that it will be sharing knowledge and subject expertise in respective fields with the three firms. This will do well to help with the building of an “inclusive” ecosystem “ready for industry 4.0.”

It was reported that one of the partners, BMW Group Asia, will be in charge of providing “masterclasses” and mentoring sessions on how blockchain solutions can be implemented in a mass market situation.
This was confirmed in a statement made by Carsten Sapia, vice president – group IT and head of the Asia Pacific region, BMW Group Asia, which reads:

“We hope we can help each of these startups develop their proofs-of-concept and reach the next stage of their development,”

Intel Corporation’s contribution to the partnership will be the offering of business and technical mentorship to startups.

Intel’s blockchain program director Michael Reed commented that:
“Intel technologies like Intel Xeon Scalable processors and Intel SGX can help improve privacy, security, and scalability of blockchain solutions,”

Lastly, Nielsen will provide “a sandbox with the objective of providing participants with a safe, controlled environment to test new technologies and accelerate the adoption of their solutions.”

Tribe Accelerator managing partner Ryan Chew has also stated that:

“To move forward as a society, we need to encourage experimentation, and once the benefits of blockchain technology become evident, mainstream adoption will undoubtedly follow.”

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