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

How the Metaverse Will Change the Future of Workspace

How the Metaverse Will Change the Future of Workspace

The metaverse—it’s not a sci-fi concept anymore! People are now working in virtual offices in the metaverse. It is a cloud-based, immersive social environment in which 3D avatars interact with one another. You could be on a beach in Thailand and still be able to attend that important meeting with your colleagues in the metaverse—work can take place wherever you are located.

What Is Over-The-Counter Stock Trading

What Is Over-The-Counter Stock Trading?

If you thought that you could only buy stocks from the stock market, you guessed wrong. Investors can also purchase stocks directly from the companies they wish to invest in. This is called over-the-counter (OTC) trading.

Top 5 Most Valuable Meme Coins of 2022

Top 5 Most Valuable Meme Coins of 2022

Billionaires, including Elon Musk and Mark Cuban, have waxed eloquent about meme coins. These are digital tokens that started as jokes but have since taken off in value. Some even credit meme coins for helping cryptocurrencies, in general, reach a larger audience.

The Butterfly Effect 3 Fascinating Businesses Stories

The Butterfly Effect: 3 Fascinating Businesses Stories

The butterfly effect, a part of chaos theory (a branch of mathematics and mechanics that studies random or unpredictable events in complex systems), is a phenomenon wherein a small or seemingly unrelated event sets in motion the trajectory of something significant. It is fascinating to observe this phenomenon, especially in the dynamic realm of businesses.

How Supercomputers Are Affecting the Environment

How Supercomputers Are Affecting the Environment

Supercomputers may be our glimpse into the future. Renowned computer scientist John von Neumann proposed the term “technological singularity” to describe the point of development at which it is impossible to predict the changes that technology will bring to human civilization.