BMW, Intel Partner with Singapore Government Blockchain Accelerator

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BMW, Intel Partner with Singapore Government Blockchain Accelerator

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Singapore’s government-backed blockchain accelerator Tribe has taken on automotive giant BMW Group Asia, technology corporation Intel and US data company Nielsen as corporate partners.

The accompanying press release for the strategic partnership dictates that Intel will provide ”privacy, security, and scalability,” while Nielsen is praised for providing a ”safe” sandbox for the accelerator participants.

Tribe Accelerator said the diverse backgrounds and expertise of the companies will help build an “inclusive” ecosystem “ready for industry 4.0,” with each new partner scheduled to give masterclasses and dedicated mentoring sessions. They will also participate in a global demo tour covering events in Singapore, Seoul, San Francisco, and Shanghai.

Last month Tribe partnered with the well-established Ethereum blockchain software development company ConsenSys.

The Tribe blockchain accelerator was first launched in December 2018 by a South-east Asia focused venture capital firm TRIVE Ventures with backing from the Singapore government.

The purpose of the platform is to support the growth of later-stage startups by providing a ”hyperconnected platform” where further innovations can take place and promote blockchain solutions to mainstream markets that are “viable for the everyday man.”

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