IBM has announced plans to establish the first IBM Center for Blockchain Innovation in Singapore.
In the first collaboration of its kind with the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS), IBM Researchers will work with government, industries and academia to develop applications and solutions which are based on enterprise blockchain, cyber-security, and cognitive computing technologies. In addition to drawing from the expertise in the Singaporean talent pool and that of the IBM Research network, the Center will also engage with small- and medium-sized enterprises to create new applications and grow new markets in finance and trade.
IBM will also work with PSA Singapore Terminals, the world’s largest container transhipment port, and others to create a trade ecosystem which connects emerging financial technologies with the physical world of global trade and logistics. This will lead to new business models and attract more global trade and finance to Singapore.