Today, Tribe Accelerator, Singapore’s first government-supported blockchain accelerator, launches its first-ever Demo Day at Facebook’s Asia-Pacific Headquarters in Singapore. The Demo Day is part of a global demo tour that will showcase the market-ready solutions developed by Tribe’s participating companies. Besides Singapore, demo days will be held in Shanghai, Seoul and San Francisco.
Successful Fundraising
Beyond the unveiling of these solutions on Demo Day, since its launch, Tribe has closely facilitated the fundraising of SGD $16.8 million for its participating companies through its ecosystem of corporate and investor partners. This is unprecedented for a blockchain accelerator, with more regional investments in the pipeline.
The growing positivity toward Tribe Accelerator has also led to the expansion of its corporate partnership network, building upon Tribe Accelerator’s existing official partners including BMW Asia, ConsenSys, Intel, Nielsen, PwC Singapore, and R3.
Solving Real-World Problems With Blockchain Solutions
Among the first cohort of 10 participating companies showcasing market-ready solutions is internationally lauded design studio Mighty Jaxx. With an international fanbase spanning over 5 million users, Mighty Jaxx will showcase its incorporation of GovTech OpenCert capabilities with embedded chips in their limited-edition collectibles. Buyers benefit by being able to verify the authenticity of their limited edition Mighty Jaxx collectibles, with production details recorded on blockchain. Resellers too can be reassured as trustable parties because the transfer of digital ownerships for collectibles are too recorded.
Another project launched is the online platform Quotz, by sgCarMart, Singapore’s premier online car marketplace. sgCarMart is Singapore’s largest seller of second-hand cars, capturing over 95% of the online classifieds traffic for second-hand cars. The company will introduce blockchain technology to its online car auction platform, Quotz, which can register the service history of vehicles in a digital maintenance book. This will benefit buyers and sellers by offering a reliable common reference data log when negotiating their transactions. It will help both parties work out fairer valuations of second-hand vehicles as the common reference data log records information and is untampered.
Additionally, Halal supply-chain solution company, WhatsHalal, will be introducing the next stage of its mobile app, allowing consumers to use their mobile phones to scan the validity of Halal-certified products for cross-referencing.WhatsHalal is also partnering Indonesia’s state-owned products testing, analysis, and audit company, Sucofindo, one of the largest Halal auditors. This reflects the growing demand in the international Halal markets for such everyday practical solutions.
The pioneering smart-asset company, Digix, will also be showcasing the business-use case for authenticating and securing investment-grade gold bullion through blockchain. Retail investors benefit with the added accessibility of purchasing gold digitally and knowing that the physical equivalents are safely secured in Digix’s physical vaults.
These are just four examples amongst the other innovative products and services that will be unveiled on Tribe’s Demo Day in Singapore.
Blockchain Programming Academy Launch
Tribe will also be launching Tribe Code, a blockchain programming academy in partnership with two programming schools in Singapore and Vietnam, that have trained more than 2,000 developers in different programming languages over the last three years. Tribe Code will partner with top-tier blockchain protocols to train new developers, enabling more companies to be able to hire the right programming talents as blockchain technology matures. This will be an added layer of expertise given to Tribe’s participating companies.
“Building a collaborative platform for corporations, government agencies and innovators to come together and solve real everyday problems, is the core objective of Tribe Accelerator. Our participants demonstrate that they have real market-ready solutions, and the market is responding with the quality and number of partnerships and investments channeled. People are genuinely eager for more everyday uses of blockchain and this is reflected in the uptake of regional investments, and corporate partners that are coming on board in the months ahead.”
– Mr. Ng Yi Ming, Managing Partner of Tribe Accelerator
