IBM, Citibank, Ubisoft join Singapore blockchain accelerator

Tech giant IBM, Citibank, and gaming company Ubisoft have come on board as corporate partners for Singapore based-Tribe accelerator.

On Sept 18, The Straits Times reported that the three companies have joined as “corporate partners for the second edition of Tribe’s four-month program.”

Tribe accelerator helps blockchain startups in their growth stage by connecting them with global corporations.

The first batch of startups who have completed the July program has reportedly raised “over $12.2 million within three months.”

“The success of the inaugural batch far surpassed our initial expectations. By ensuring all parties are aligned with a common objective, it has greatly reduced information overlaps and made solution integration prompt.” Tribe Accelerator managing partner Ng Yi Ming said

“Tribe Accelerator has displayed its ability to solve real business problems in complex and highly regulated markets, and has been able to identify tangible use-cases for blockchain.” Carl Wegner, managing director and head of Asia at enterprise blockchain software firm R3, one of the partners with the accelerator.

Corporate backing

The blockchain accelerator is backed by:-

  1. AXA,

  2. BMW Group Asia,

  3. Intel,

  4. Business blockchain platform R3,

  5. Singapore’s Infocomm Media Development Authority,

  6. Nielsen,

  7. Big Four auditor PwC

  8. Temasek.

The addition of IBM, Citi, and Ubisoft into the corporate partnership-base will give participating start-ups greater access to international markets and resources beyond Singapore. Tribe Accelerator

Tribe Accelerator receives support both from the government and corporate.

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