Blockchain Association Singapore and leading tech industry association SGTech announce partnership to boost developments in blockchain in Singapore
The partnership will see both parties collaborate on blockchain-related issues such as certification and talent while furthering knowledge on blockchain technology
From left to right: Chia Hock Lai, Co-Chairman, Blockchain Association Singapore, Tan Kiat How, Minister of State for Communications and Information, and Wong Wai Meng, SGTech Chair
Singapore, 21 March 2022 - Blockchain Association Singapore (BAS) and leading tech industry association SGTech jointly announced a strategic partnership through the signing of a Memorandum of Understanding (MOU). The signing ceremony today was witnessed by Guest of Honour Minister of State for Communications and Information Tan Kiat How.
Under the MOU, both parties will establish a deep partnership to bolster the local blockchain ecosystem through leveraging on each other’s networks on issues such as blockchain certification, talent, as well as furthering knowledge on the technology through the hosting of various conferences and events.
Commenting on the partnership, Mr Chia Hock Lai, Co-Chairman of BAS, said: “We are excited to collaborate with SGTech to work on solving blockchain-related issues as well as empowering the furtherment of blockchain-related knowledge. We believe that we can leverage each other’s vast experience and network to further foster a robust local blockchain ecosystem. As per the recent survey by KPMG1, the majority of cryptocurrency and blockchain deals for Singapore in 2021 went towards software and underlying infrastructure. We are seeing this wave and we foresee blockchain to be a frontrunner in generating jobs in Singapore.”
Mr Wong Wai Meng, SGTech Chair, said: “SGTech is thrilled to work with the Blockchain Association Singapore and its membership base to advance the adoption of emerging technology. Based on SGTech’s Annual Survey, there is a growing interest in blockchain applications among tech companies with blockchain technology identified as one of the key technologies of interest. As the largest community serving all companies on their technology adoption journey, SGTech aims to help businesses better understand the use cases of enterprise blockchain, find the right fit in the application that can improve their operations. With the acceleration in blockchain innovation, SGTech will further support businesses in strengthening their digital capabilities with enterprise blockchain solutions built on the pillar of trust.”
The Blockchain Association Singapore was established to facilitate collaboration between market participants and stakeholders in the Blockchain ecosystem. The Association is an effective platform for members to engage with multiple stakeholders to find solutions to issues and to promote best practices in a collaborative, open, and transparent manner.
With more than 1,000 member companies, SGTech is an industry association with a 40-year history serving technology companies in Singapore. The Association aims to convene a technology ecosystem consisting of top multinational corporations, large local enterprises, vibrant small and medium enterprises, as well as the various policyholders, regulators, and stakeholders in order to drive Singapore’s tech sector to solve pressing issues such as sustainability. SGTech aims to position Singapore as a global node for digital and data, champion standards, policies, and products for digital trust while ensuring greater cybersecurity awareness and adoption.
SGTech, celebrating its 40th anniversary in 2022, is the leading trade association for Singapore's tech industry. Representing nearly 1,000 member companies ranging from top multinational corporations, large local enterprises, vibrant small and medium-sized enterprises, and innovative startups, it is the largest community in Singapore where companies converge to advocate for change and drive what enables tech innovation and accelerates tech adoption to spur greater sustainability in the sector.
SGTech's mission is to catalyse a thriving ecosystem that powers Singapore as a global tech powerhouse.
About Blockchain Association Singapore
The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation.
The Association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to discover solutions and promote best practices in a collaborative, open, and transparent manner. It aims to promote blockchain literacy and build a strong talent pipeline for the digital economy in Singapore.