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Singapore Launches : Blockchain

Government of Singapore is launching a challenge that will reward successful Blockchain projects with funding.

In a declaration Thursday, Singapore's Infocomm Media Development Authority (IMDA) said the test means to support Blockchain advancement as a major aspect of a more extensive objective of the computerized change in the city state.

"To confirm each business is a computerized business, Singapore's Digital Economy requires advancements which can quicken area change. Through the IMDA Blockchain Challenge, we will drive mindfulness and spur improvement and selection of this promising innovation all through our economy, including non-fintech fragments."

As per the reality sheet for the test, the department is particularly focusing on two classes of Blockchain applications: "enterprise" and "transformation."