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Media Releases
07 Dec 2020 Updated 07 Dec 2020

Singapore invests $12 million in first national effort to expand blockchain technology research

MR No: 096/20

Singapore, Monday, 7 December 2020

Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), the National Research Foundation Singapore (NRF), and supported by the Monetary Authority of Singapore (MAS) today launched a S$12 million Singapore Blockchain Innovation Programme (SBIP) to further strengthen Singapore’s blockchain ecosystem.

Funded by NRF, this national effort aims to align blockchain technology research with the needs of the industry, to facilitate the development, commercialisation and adoption of wider real-world applications. This industry-driven initiative will engage close to 75 companies including MNCs, large enterprises and ICT companies to conceptualise 17 blockchain related projects within the next three years in sectors starting with trade and logistics, and supply chain.

Click here for the joint media release.

Click here for the opening speech by Mr Peter Ong, Chairman, Enterprise Singapore at the Singapore Blockchain Village.