Recently, Singapore has been a flourishing place for blockchain and crypto innovation. Government support towards adopting cutting technology fuels the progress. Data shows there are over 634 companies in Singapore. The market capitalization reaches US$ 8.3 billion. Here are the leading blockchain projects and startups in Singapore.
OpenCerts
OpenCerts is an open source blockchain project. While it is also a government-linked project. It provides a platform that allows students or employers to verify certificates. They can , later, store the certificate on a popular decentralized blockchain, Etherum.
It is reportedly the largest blockchain-related application in Singapore. The government of Singapore established it with OpenCerts Consortium.
Read more: Top Trending Industries in Singapore
Project Ubin
Project Ubin is a collaborative project led by the Monetary Authority of Singapore (MAS). Besides, the financial services Industries also participate in the project. It focuses on clearing and settlement of payments and securities.
It aims to help MAS and the industry to better understand the technology. Project Ubin has been a successful trial of cross-border payments between two central banks. They also succeed to use digital currency.
VeChain
VeChain focuses on building a trust-free and distributed business ecosystem. Besides, it also enables transparent information flow. It specializes in blockchain and Internet of Things (IoT) technologies. Consequently, it has been adopted by reputable enterprises, including BMW.
It works with world top-notch universities in its blockchain research and development. For instance, Tsinghua University, Stanford University, MIT, and Oxford Mathematical Institute. As a result, it is one of the global leading firms in blockchain related patents.
Zilliqa
It is a blockchain platform designed to securely scale in an open distributed network. Zillica’s scalable is sharding because of its core feature. Its division network can process transactions in parallel. That lets the platform to achieve more than 2,800 transactions per second. It aims to rival traditional payment methods like Visa and Mastercard.
Bluzelle
It is a decentralized data ecosystem. Bluzelle allows individuals or businesses to fully control and monetize their data. Its decentralized database also crates highly secure storage of data. Bluzelle completed a US$19.5 million initial coin offering (ICO) last year. It is also featured on Singapore’s Top 29 Fintech Startups in the 2019 list.
The list of leading blockchain projects and startups in Singapore may help you to find the one that you need.
