IBM to Open Blockchain Innovation Center in Singapore
IBM is set to open the first Centre for Blockchain Innovation in Singapore in a bid to attract more technical talent from the country. Working with the Economic Development Board and Monetary Authority, the Centre aims to bring various technology pilots within the trade and finance industries over the next three years. IBM will also continue building on its work with the Linux Foundation Hyperledger platform. Sopnendu Mohanty, chief FinTech officer of the Monetary Authority of Singapore (MAS) said that the financial sector is ideally placed to play a leading role in Singapore’s vision of....
Related News
IBM expanded its blockchain efforts in Singapore today with news it will open the Center for Blockchain Innovation in partnership with the Singapore government. Coming just week after the company announced it would open a new facility in Singapore for 5,000 computer scientists, today’s news is suggestive of what has been called a high level of support for blockchain technology in the region. Robert Morris, vice-president of Global Labs at IBM Research, said in a statement that advances in cloud services are making the distributed ledger technology more widely accessible in new regions and....
The growing disruptive implications of Blockchain in a range of settings including the financial and health sectors is key to IBM’s decision to open an innovation center in Singapore. According to the Vice President, Global Labs at IBM Research, Robert Morris, this first collaboration between IBM and the private sector and multiple government agencies within the same country to explore the use of Blockchain and cognitive technologies will aim at improving business transactions across several different industries. He said: “Now with new cloud services that make these technologies more....
Japanese technology conglomerate Hitachi is set to open a financial technology research laboratory in the US that will focus on blockchain applications. The research center will open next month in partnership with its technology innovation division based in Silicon Valley, California. Hitachi indicated that it plans to use the research center as a means to work on initiatives with its customer base. Hitachi operates in a number of industries including IT, consumer electronics and power generation. Hitachi said in a statement: “By establishing the Financial Innovation Laboratory in the....
Singapore, already a major financial center in the world, is now aiming to become a cryptocurrency hub as well. The city-state is seeking to secure its role as a leading player in the crypto space, the head of its central banking institution has indicated in recent comments. Singapore to Establish Itself as Center for Crypto Business Authorities in Singapore are taking steps to cement its position as a key player in crypto business, the official who has been at the helm of the Monetary Authority of Singapore (MAS) for a decade has revealed in an interview. It comes as Singapore and other....
The world’s largest payments network is expanding its new technology center in India to focus on blockchain technology development for its global endeavors. VISA is going gung-ho on the blockchain technology and is setting up the infrastructure and personnel to push blockchain development, out of a development center in Bangalore, India. The payments giant had 400 engineers at the technology innovation lab at the time of launch in August 2015. At the time, Rajat Taneja, executive vice president for Technology at VISA revealed that the Indian center will jointly work with existing research....