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The Singapore Blockchain Landscape Map 2020 has been unveiled by OpenNodes today (6 July) at ‘Unitize’, a collaborative online blockchain conference organised by San Francisco Blockchain Week and Blockshow.

OpenNodes, an ecosystem platform that connects companies to blockchain solutions providers, is an initiative by Infocomm Media Development Authority (IMDA) and powered by Tribe.

Tribe is Singapore’s first government-supported platform in driving neutrality, collaboration, and growth of the blockchain ecosystem.

Since 2019, Singapore’s blockchain ecosystem has seen substantial growth. There are 91 new additions to Singapore’s Blockchain Landscape 2020 map, making it a total of 234 entities.

These entities have been active in various blockchain related initiatives. Some of these include Mastercard, VISA, Alibaba-backed Ant Financial, Tencent-backed WeBank, WireX, Phillip Securities, SAP, Contour, Facebook-backed Libra amongst others.

A first for the industry, blockchain summits from around the globe such as Korea Blockchain Week, Paris Blockchain Week, and Tel Aviv Blockchain Week, have come together to co-host this virtual event. 

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The Singapore’s Blockchain Landscape 2020 map includes a new industry segment, Decentralised Finance, an area that has seen new companies emerge, as well as incumbents extending their services into various areas in 2020.

There has been an increased activity due to numerous globally recognised projects. Temasek has recently partnered Facebook backed, Libra Association as its first Asian member, and have also spun off several subsidiaries focusing on blockchain applications including digital identity and trade finance.

Recent studies by Deloitte Global Blockchain Survey 2019 and 2020 have also shown that more organisations are recruiting blockchain experts globally.

The use of blockchain solutions can be increasingly seen in various live projects and particularly applicable amidst the various COVID-19 scenarios and the new normal, moving forward.

Featured Image Credit: Tribe

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Vulcan Post aims to be the knowledge hub of Singapore and Malaysia.

© 2021 GRVTY Media Pte. Ltd.
(UEN 201431998C.)