IBM and Citibank Join Singapore Late-Stage Blockchain Accelerator

IBM, Citibank and online video recreation giant Ubisoft have signed up to Singapore-dependent blockchain accelerator Tribe Accelerator.

Companies mingle with blockchain startups

Community information outlet TheStraitsTimes noted on Sept. 18 that the firms over joined as company companions Tribe accelerator for the 2nd edition of its four-month method. For every the report, Tribe aids blockchain startups in their progress-stage by connecting them with big firms.

Startups of this next team work in fields this kind of as media and advertising, cybersecurity, healthcare, fintech and offer chain management.

The record of participating startups consists of Binance-backed digital identification and password administration firm Torus, dispersed database support Bluzelle, healthcare startup WhiteCoat, electronic id and knowledge management platform Help:Tech, and consumer loyalty administration system Aqilliz.

The very first batch of startups which finished the system in July this yr and reportedly lifted more than $12.2 billion in a few months.

Main corporate backing

Since its launch final yr, the method gained support from governing administration and corporate companions which includes insurance plan large AXA, BMW Group Asia, Intel, enterprise blockchain system R3, Singapore’s Infocomm Media Advancement Authority (IMDA), Nielsen, Significant Four auditor PwC and Temasek. Tribe Accelerator running director Ng Yi Ming commented on the initially spherical:

“The achievement of the inaugural batch far surpassed our original expectations. By making certain all events are aligned with a common aim, it has drastically reduced information overlaps and built remedy integration prompt.”

Citibank has by now recognized a prolonged observe record with blockchain technology. As Cointelegraph reported in July 2015, the bank’s dad or mum firm Citigroup produced 3 blockchains and a examination cryptocurrency dubbed “Citicoin” — which turned out to be no additional than vaporware in hindsight

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