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IBM and Citibank Join Singapore Late-Stage Blockchain Accelerator

IBM, Citibank and online game large Ubisoft have signed as much as Singapore-based blockchain accelerator Tribe Accelerator.

Firms mingle with blockchain startups

Native information outlet TheStraitsTimes reported on Sept. 18 that the corporations above joined as company companions Tribe accelerator for the second one version of its four-month program. In line with the record, Tribe is helping blockchain startups of their growth-stage through connecting them with main firms.

Startups of this 2nd staff perform in fields comparable to media and promoting, cybersecurity, healthcare, fintech and provide chain control. 

The listing of taking part startups contains Binance-backed virtual identification and password control company Torus, allotted database provider Bluzelle, healthcare startup WhiteCoat, virtual identification and knowledge control platform AID:Tech, and buyer loyalty control platform Aqilliz.

The primary batch of startups which finished this system in July this 12 months and reportedly raised over $12.2 billion inside 3 months. 

Main company backing

Since its release closing 12 months, this system gained improve from govt and company companions together with insurance coverage large AXA, BMW Staff Asia, Intel, industry blockchain platform R3, Singapore’s Infocomm Media Building Authority (IMDA), Nielsen, Large 4 auditor PwC and Temasek. Tribe Accelerator managing director Ng Yi Ming commented at the first spherical:

“The good fortune of the inaugural batch a ways surpassed our preliminary expectancies. By way of making sure all events are aligned with a commonplace function, it has very much lowered knowledge overlaps and made answer integration steered.”

Citibank has already established an extended observe report with blockchain generation. As Cointelegraph reported in July 2015, the financial institution’s mother or father corporate Citigroup evolved 3 blockchains and a check cryptocurrency dubbed “Citicoin” — which grew to become out to be not more than vaporware in hindsight.

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