With the blockchain oriented, Singapore based Tribe accelerator, BMW Group Asia, Intel and Nielsen joined forces. Announcing the news on Friday, Tribe Accelerator will have three companies that will share their knowledge and experience in their respective fields with the new companies to help build an inclusive ecosystem “ready for industry 4.0”.
Among initiatives, BMW will share information on innovation and how blockchain solutions can be implemented in a mass market situation with new participating companies through a series of master classes and group mentoring sessions.
Govt Backed Tribe Accelerator Blockchain Technology Goals
Carsten Sapia, Senior Executive at BMW Group Asia, said:
We hope to help all of these new companies in developing their Proof of Concept and moving to the next stage of development.
On the other hand, Intel Chipmaker will help new companies to leverage their own blockchain technologies and provide more than just business and technical advice. “Intel technologies such as Intel Xeon and Intel SGX scalable processors can help improve the privacy, security and scalability of blockchain solutions,” said Michael Reed, program director of Blockchain.
Meanwhile, Nielsen will “provide a sandbox with the goal of providing participants with a secure and controlled environment to test new technologies and accelerate the adoption of their solutions.
Tribe is the first blockchain accelerator to be supported by the Singapore government, which is committed to the growth of new businesses at a later stage by providing them with a hyper-connected platform to develop innovative products and drive the mass market adoption of blockchain solutions.
The managing partner of Tribe Accelerator, Ryan Chew, said:
To move forward as a society, we need to encourage experimentation, and once the benefits of blockchain technology become apparent, general acceptance will certainly follow.