BMW, Intel Partner With Government-Backed Blockchain Accelerator

BMW Group Asia, Intel and Nielsen are now corporate partners of the Singapore government-supported blockchain accelerator Tribe.

Mar 24, 2019 at 12:59 p.m. UTC
Updated Sep 13, 2021 at 9:00 a.m. UTC

BMW Group Asia, Intel and Nielsen are now corporate partners of the Singapore government-supported blockchain accelerator Tribe.

Tribe Accelerator announced the news Friday, saying that the three firms will share their knowledge and subject expertise in their respective fields with Tribe's startups in order to help build an "inclusive" ecosystem "ready for industry 4.0."

BMW Group Asia, for instance, will provide “masterclasses” and mentoring sessions on how blockchain solutions can be implemented in a mass market situation.

“We hope we can help each of these startups develop their proof-of-concepts and reach the next stage of their development,” said Carsten Sapia, vice president – group IT and head of the Asia Pacific region, BMW Group Asia.

Intel Corporation, on the other hand, will offer business and technical mentorship to startups.

“Intel technologies like Intel Xeon Scalable processors and Intel SGX can help improve privacy, security, and scalability of blockchain solutions,” said Intel's blockchain program director Michael Reed.

Meanwhile, Nielsen will provide “a sandbox with the objective of providing participants with a safe, controlled environment to test new technologies and accelerate the adoption of their solutions.”

Tribe Accelerator managing partner Ryan Chew said:

“To move forward as a society, we need to encourage experimentation, and once the benefits of blockchain technology become evident, mainstream adoption will undoubtedly follow.”

Last month, Tribe also partnered with ethereum development studio ConsenSys to further the blockchain ecosystem in Singapore.

Tribe Accelerator was launched last December as part of venture capital firm TRIVE Ventures, in partnership with South Korea’s ICON Foundation and PwC Singapore’s Venture Hub. Enterprise Singapore, a government agency set up to develop the startup ecosystem, is supporting the accelerator.

BMW image via Shutterstock

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