The latest report mentions about the three major official partners of Singapore government based blockchain accelerator Tribe, namely BMW Group Asia, Nielsen and Intel. Tribe will be taking over US Data Company Nielsen, automotive giant company BMW Group Asia and Technology firm Intel. Singapore backed blockchain accelerator Tribe will get support from these global companies.

Tribe Accelerator revealed the development news on Friday stating that the three global companies will be sharing their knowledge and relevant subject skills in their specific field with Tribe’s startup to assist in building an inclusive ecosystem which will be ready for industry 4.0.

The reports also say that one of the major automation firms, BMW Group Asia will be responsible for providing ‘masterclasses’ and also mentoring sessions on how blockchain based solutions can be applied in a mass market situation. The statement was verified and confirmed by Vice President of group IT and head of Asia Pacific region, BMW Group Asia, Carsten Sapia by stating that

“We hope that we will be able to assist these startups in developing their proofs-of-concept and help them in reaching the next level of the development cycle.”

Meanwhile, another global technological corporation Intel will be providing technical and business related mentorship to these startups.

Each of the new partners of Tribe has planned to offer masterclasses and dedicated mentoring courses. The global firms will also take part in a global demo event which will be covering events across Seoul, Shanghai, San Francisco and Singapore.

On the other hand, The US data company Nielsen will be offering a sandbox. The main aim of the sandbox is to offer a secure and controlled environment for the participants so that they can test new technologies and speed up the adoption of their resources.

The director of the blockchain program of Intel, Michael Reed said,

“some of the Intel technologies such as Intel Scalable processors and Intel SGX will help the blockchain solutions to enhance their privacy, scalability and security.”

The managing partner of Tribe Accelerator, Ryan Chew also commented,

“In order to move ahead as a community, the experimentations need to be encouraged by us, and when the advantages of blockchain technologies become visible then adoption of the mainstream will surely take place.”

The Tribe blockchain was first introduced in December 2018; by TRIVE Ventures- a South-east Asia focused venture capital company which was supported by the government of Singapore.

The main objective of the platform is to help the growth of the next stages of startups by offering a hyperconnected platform wherein the advanced innovations can be held the platform intends to support blockchain based solutions to widespread markets.

This is not the first partnership of Tribe with the global firms. The latest reports state that Tribe has collaborated with ConsenSys and Ethereum development studio. The partnership of Tribe with ConsenSys will eventually help to enhance the blockchain ecosystem in Singapore. Tribe is also a government organization whose objective is to improve the blockchain industry of Singapore. Tribe Accelerator is being supported by Singapore blockchain Enterprise.

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