BMW and Intel Among New Partners of Government-Backed Blockchain Accelerator
- Singapore government-supported blockchain accelerator Tribe has unveiled three big-name strategic partnerships, the local technology news outlet Tech In Asia reported on Friday.
- Tribe was launched in late december last year, in cooperation with South Korea’s ICON Foundation as a technical partner, and PwC Singapore’s Venture Hub.
Singapore government-supported blockchain accelerator Tribe has unveiled three big-name strategic partnerships, the local technology news outlet Tech In Asia reported on Friday.
Tribe, which was launched by Trive Ventures late last year, has announced their three new corporate partners, BMW Group Asia, Intel, and Nielsen. The Accelerator said that the three firms will share their knowledge and expertise with startups selected for support, as to help build an ecosystem ready for industry 4.0.
BMW will focus on the automotive industry, in addition to providing “masterclasses” and mentoring sessions on how to implement blockchain solutions in a mass market situation. The vice president of the IT group, and head of BMW Group Asia’s Pacific region, Carsten Sapia, said they “hope we can help each of these startups develop their proof-of-concepts and reach the next stage of their development.”
Intel, on the other hand, will share its knowledge in the blockchain sector by providing business and technical mentorship to startups. Michael Reed, Intel’s blockchain program director, said that technologies like Intel Xeon Scalable processors and Intel SGX “can help improve privacy, security, and scalability of blockchain solutions”.
Data management giant Nielsen will be setting up a sandbox that will help startups “gain firsthand appreciation of inherent business risks, understand regulatory environments in which their prospective clients operate, and fine-tune their business models.”
Tribe was launched in late december last year, in cooperation with South Korea’s ICON Foundation as a technical partner, and PwC Singapore’s Venture Hub. It also partnered with ethereum development studio ConsenSys last month, aiming to further the blockchain ecosystem in Singapore.
- Coinbase’s Base blockchain was made available to the public on Wednesday, featuring over 100 dApps and services as part of its ecosystem.
- In order to show its capabilities and promote its mainnet partners, Base has also launched an event called “Onchain Summer” that will allow users to mint exclusive NFTs on the network.
Shutterstock
- The current chaotic payroll system, marked by inefficiency and delays, stands to be completely overhauled through the use of blockchain technology.
- While blockchain might not take over all computing as some claim, it definitely has clear benefits in certain scenarios, and payroll management is one of them.
- Sui Network was developed by Mysten Labs, which was founded by ex-Meta employees, using the Rust-based Move programming language.
- Unlike other blockchains that use proof-of-work and proof-of-stake consensus mechanisms, Sui relies on delegated proof-of-stake that allows users to elect and vote for delegates.