A $12 million programme has been launched to strengthen Singapore’s blockchain ecosystem and facilitate the development, commercialisation and adoption of blockchain technology for real-world applications.
Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), the National Research Foundation Singapore (NRF), and supported by the Monetary Authority of Singapore (MAS) today launched a S$12 million Singapore Blockchain Innovation Programme (SBIP) to further strengthen Singapore’s blockchain ecosystem.
Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), the National Research Foundation Singapore (NRF), and supported by the Monetary Authority of Singapore (MAS) today launched a S$12 million Singapore Blockchain Innovation Programme (SBIP) to further strengthen Singapore’s blockchain ecosystem.
Singapore Blockchain Innovation Programme (SBIP) is a collaborative and nationwide technical community, hosted by the National Research Foundation, advancing blockchain technologies for business.
SBIP aims to unite communities of software developers in Singapore to build next-generation blockchain frameworks and to provide industrial blockchain infrastructure support.
Steering committee members from government agencies
Blockchain technology to realize smart nation vision
Commercial organizations and advancing blockchain technologies for business
Provide neutral, open, and community-driven infrastructure supported by technical and business governance
Create next-generation, enterprise-grade, open-source, blockchain and distributed ledger frameworks to support business transactions
Build a technical community to develop blockchain frameworks and share use cases, field trails, and deployments
Educate the public about the market opportunity of blockchain technology
The core of the SBIP blockchain ecosystem is based on the research outcomes from the NUS Database System Research lab. The novelty and application prospects of this research are well-recognized in academia, being published in top-tier journals and international conferences.
Is a distributed ledger compatible with Hyperledger Fabric, incorporating enhancements such as sharding, real-time provenance query, and concurrency control for smart contract parallelism.
Is a blockchain benchmarking framework which allows users to measure the performance of a specific blockchain implementation with a set of workloads.
Is an embeddable ledger storage compliant with blockchain data properties such as immutability and tamper-evidence.
SBIP aims to explore the next-generation of blockchain infrastructural support, towards advancing the technology and keeping Singapore top in the world.
