Singapore Blockchain Associations Merge for Better Collaboration

singapore blockchain

The association is a merger between two Singapore-based blockchain associations.

Singapore Blockchain Association (SBA) and Blockchain, Enterprise and Scalable Technologies (BEST) have merged to form the Blockchain Association Singapore (BAS), whose launch was announced in a statement earlier this week.

As a platform for members to discuss blockchain solutions and best practices, BAS will foster collaborations in Asia starting with China, Hong Kong, Japan, South Korea, the Middle East and Southeast Asia regions, Co-Chairpersons Chia Hock Lai and Tan Bin Ru told Jumpstart via email.

They added that BAS will focus on the China market, and explore collaborations between Chinese and other Southeast Asian blockchain tech companies.

Chia Hock Lai is former Chairman of SBA and President of Singapore Fintech Association, while Tan Bin Ru is former Chairwoman of BEST and current CEO (APAC & UAE) of NYSE-listed OneConnect Financial Technology. Both SBA and BEST were founded in 2018.

BAS aims to enable companies in the Singapore market to leverage blockchain and other scalable technologies for growth of their business. As an ecosystem driver, it will be launching sub-committees in sectors such as Blockchain-as-a-Service, Decentralized Finance, Digital Assets, Supply Chain, and Trade Finance, the Co-Chairpersons noted.

BAS is also keen on promoting blockchain literacy as an ecosystem driver.

“Blockchain has been recognized as one of the highest skills in demand. With more enterprises becoming aware of and adopting blockchain solutions, the availability of a sustainable pipeline of blockchain talent will be important to drive the growth of the sector, and to position Singapore as the leading global blockchain hub,” the Co-Chairpersons said in the email.

It will be training its first batch of Associate Blockchain Developers in July, under the Professional Conversion Programme developed in partnership with the Singapore National Trades Union Congress and Singapore Polytechnic.

The six-month course, with up to 300 hours of classroom training and up to 660 hours of on-the-job training, is designed to help professionals make mid-career switches to become blockchain application junior developers.

Additionally, BAS will be introducing six-week executive courses on blockchain technology.

The Co-Chairpersons mentioned in the email interview that BAS has scheduled an inaugural SG Blockchain Week in July to spur international collaborations, and will be leading a trade mission to the “Future Blockchain Summit” in Dubai in September as well.

Blockchain technology brings promising potential to industries and businesses dealing with supply chain management, trade financing, regtech, insurtech, cross-border payments and asset securitization, they continue.

Speaking with regards to the launch, Chia said in the statement, “Singapore has become a burgeoning hub for blockchain and there is a need for an industry push to facilitate and encourage the development of new and existing players in this space,” while expressing his confidence in BAS to become an ecosystem support provider.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email
Sharon Lewis
Sharon is a Staff Writer at Jumpstart

RELATED POSTS

Workplace

The Power of Introverts at the Workplace

Psychologist Carl Jung describes introverts as people whose interests are directed inwards and towards their own thoughts or feelings. They typically struggle to adjust to social settings and are perceived as being reserved. Thus, at a workplace, the introvert might come across as a quiet or unsociable person and end up unnoticed, no matter how big their contributions might be.

Cryptocurrency without the Risk

The Benefits of Cryptocurrency without the Risk: Stablecoins

As of October, Tether, the largest stablecoin in the world, is the fifth largest cryptocurrency in the world. As of October 18, Tether has a market capitalization of over US$69 billion. However, to make sense of this development, let’s break down what a stablecoin is, and then look at the various kinds of stablecoins and what the future holds for them.

TikTok Takes the Crypto Plunge into NFTs

TikTok Takes the Crypto Plunge into NFTs

The NFT craze does not seem to be going away anytime soon. The global hype around immutable digital assets has only gone up as TikTok hops on the bandwagon, allowing fans to “own a moment that broke the internet”.

Top Five Data Breaches By Tech Giants In Recent Years

Top Five Data Breaches By Tech Giants In Recent Years

From Facebook to Adobe, we often hear about data breaches in the news. In today’s digital world, data breaches can affect hundreds of millions of users simultaneously. By definition, a data breach means an incident in which secure or private data is released intentionally or unintentionally into an untrusted environment.

How Can You Launch an Air Taxi Startup

What Is an Air Taxi and How Can You Launch an Air Taxi Startup?

It’s finally happening. Flying cars—a concept we saw in Harry Potter and the Chamber of Secrets and Back to the Future—are becoming a reality. While many people might scoff at the idea of flying cars—“What’s next? Teleportation? Pfft”—investors are all about taking the chance. So much so that they have set aside US$4.3 billion to meet the requirements.

The Rise of Social Audio Apps

The Rise of Social Audio Apps

After over a year of working from home and attending online classes while in lockdown, many are feeling the brunt of the increased screen time. The recent rise in the popularity of audio media, like podcasts and audiobooks, can be attributed to screen exhaustion.