IBM to open first blockchain innovation center in Singapore

  • SINGAPORE, July 12 (Reuters) – IBM plans to open a blockchain innovation centre in Singapore in collaboration with the government, as the city-state strives to become Asia’s main financial technology hub.
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  • Singapore is rushing to reinvent itself as Asia’s fintech hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy.
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  • The tech giant will be working with the main economic planning agency, the Singapore Economic Development Board (EDB), and the Monetary Authority of Singapore (MAS) to accelerate blockchain adoption for finance and trade.

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From Yahoo Finance: IBM plans to open a blockchain innovation centre in Singapore in collaboration with the government, as the city-state strives to become Asia’s main financial technology hub. The tech giant will be working with the main economic planning agency, the Singapore Economic Development Board (EDB), and the Monetary Authority of Singapore (MAS) to accelerate blockchain adoption for finance and trade. One project, together with PSA International – one of the world’s largest container transshipment ports owned by state investor Temasek Holdings – aims to connect fintech with global trade and logistics.


IBM to open first blockchain innovation center in Singapore