Singapore to offer seed funding to firms to “grow blockchain ecosystem”

posted 5 months ago
The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and IT sector; to incentivize them to develop platforms which link key groups in the blockchain space, such as solution providers.

Platforms developed must meet certain criteria and this includes a capacity to connect with other blockchain communities spread across the globe. This is an example of Singapore trying to reach its goal of becoming a "smart nation", as Singapore has come up with various initiatives aimed at boosting the country’s blockchain ecosystem.
Tags: blockchain, news