Singapore has invested SGD12 million in the first national effort to expand blockchain technology research and strengthen the country’s blockchain ecosystem.
Singapore Blockchain Innovation Programme (SBIP) was launched on December 7 by Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), the National Research Foundation Singapore (NRF), and supported by the Monetary Authority of Singapore (MAS).
Funded by NRF, this national effort aims to align blockchain technology research with the needs of the industry, facilitating the development, commercialisation and adoption of wider real-world applications.
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SBIP will look at growing the blockchain tech talent pool to enable ICT companies to