What can be more exciting than a perfect blend of nature and technology? Singapore brings you
the
same! This beautiful island is just the perfect place where not only you have serene beauty
to
adore
but also make a lot of out of your business.
There are a number of businesses coming here and investing quite heavily in blockchain
technology
and
cryptocurrencies. And why not! It is just the perfect place where you will be getting a lot
of
benefits to avail excellent returns, take a look:
You will have a free-market economy to grow without much complications.
Another big advantage which comes your way is in the form of investor-friendly laws.
Internet penetration and high-level academic institutions are other advantages for you.
So, this shows why Singapore has become a hot favorite for businesses around the world. It
helps
them
earn a lot in return. If you are looking to raise funds and that too with the use of
blockchain
technology, then you have landed yourself on the right page.
We will help you understand how blockchain development is growing quite significantly in
Singapore. In
recent months, there are a number of organizations coming up with ICO ( Initial Coin
Offerings)
in
Singapore.
Take a look at the key initiatives related to blockchain development services in Singapore:
Recent Open trade blockchain was launched by Global eTrade Services (GeTS). It’s a
subsidiary of
CrimsonLogic in Singapore. They are one of the best in the business when it comes to
providing
eGovernment services and products. Now they have come up with an extensible and
inclusive
blockchain service developed for the trade communities. This eventually brings in a
lot
of
efficiency in the form of better security and complete transparency for worldwide
trading
services.
The location of the upcoming and existing nodes offers a comprehensive blockchain
network
all
around Asia.
Singapore Airlines has also come with its own blockchain-based loyalty scheme for
regular
flyers.
The name of the digital wallet is KrisPay which was in partnership with Microsoft
and
KPMG.
With
the help of it, Singapore Airlines customers can travel miles with the use of units
for
payment.
How amazing is it! This unique platform gives members to use 15 KrisPay miles which
are
around
$0.10 to pay for their purchases, either in full or even partially.
Ngee Ann Polytechnic is Singapore’s most reputed higher education institution
exclusively
joined
hands with United Overseas Bank’s FinLabblockchain startup named Attores. Now the
students
are
awarded with Diploma Plus Certificates which is infused in the LinkedIn profile
directly. In
fact,
Ngee Ann Polytechnic’s initiative of blockchain technology is striving hard to turn
the
entire
place digital arena.
In Singapore, you can use DLT technology at Project Ubin. It is a Monetary Authority
of
Singapore-led initiative. So, when it comes to getting your payments settled or
cleared,
you
can
always consider using DLT(Digital Ledger Technology). You can also use this
technology
for
the
tokenized form of the Singapore dollar.
A Singapore P2P real estate startup, Averspace has been in the news for launching
innovative
attributes of blockchain-enabled property rentals. Tenants and homeowners can
exclusively
sign a
digital tenancy agreement with the use of their smartphones. the best part is there
is
no
need for
both parties to catch up face to face. All necessities can be covered with the use
of
this
attribute where you can chat with each other from any location.
The Intellectual Property Intermediary (IPI) is also working on a project which is
related
to
Blockchain technology for food. With the help of this technology, it will be easy to
track
the
materials and products with ease. The blockchain database will make it easy for one
to
manage all
the products. With the help of this technology, you will be benefited from
leading-edge
data
storage standards and data structure management, making sure that the food quality
is
safe.
SGInnovate is one government-owned technology development company in Singapore. They
have
invested
in MediLOT Technologies who are in the business of blockchain and healthcare
development.
They are
always supporting research-based deep tech startups. With the help of Blockchain
technology,
there
will be a lot lesser admin tasks to cover as it will be done quite convincingly. In
fact,
this
technology will also help doctors cover emergency situations with ease.
Electrify is another firm invested heavily in this technology to make it easy for
people
in
Singapore to buy electricity. Through a mobile and web platform, it has become a lot
more
easier
for users to buy energy right from the electricity retailers with the usage of
“smart
contracts”.
You will have the terms of code between the buyer and the seller with the help of a
blockchain
network.
Wrapping Up
This beautiful Asia Pacific region is growing fast especially in the domain of blockchain
technology.
This is the reason why businesses around the world are thinking of coming here and dominate
in
their
field. According to the study, more than 82 percent of employees in Singapore has stated
that
there
are many more blockchain projects in the making. This is the reason why Singapore has become
the
top
choice for businesses when compared to other countries. The government here is always
backing
the
blockchain revolution.
Shrey Bhardwaj is a Founder and Director of PerfectionGeeks Technologies. He stands
at
the
forefront of the advanced technology industry trend. He has spent the past 8 years
evangelizing
an industry-wide shift to the digital world and has helped position PerfectionGeeks
Technologies
as a leader in the public space.
Shrey embraces the core values of innovation, integrity, and growth. He has been
highly
acclaimed in strategic partner relationship development. Take a look at the skills
he
adores
which makes him the best in the business:
CCNA
CCNP
CCSP
Development
Blockchain
He being a blockchain and microprocessor engineer has helped PerfectionGeeks
Technologies get
a reputed space among the audience. With 8 years at the back, Shrey has built a
reputation
for developing high-class business strategies, infusing new business models, and
developing
out channel programs. He is managing and developing a profitable business model
for
high-end
enterprise services which can lead to even bigger growth opportunities. There is
nothing
stopping him from achieving the impossibles and that too smartly!