Singapore has long established itself as the leading fintech hub in South East Asia, of late it also increasingly becoming a hotbed for blockchain innovation.
The city-state is home a healthy blockchain ecosystem comprising numerous players tackling areas ranging from asset tokenization, trading, and custody, to insurance, digital identity, and mobility.
This is according to a new landscape map produced by the Infocomm Media Development Authority (IMDA), together with Tribe Accelerator, which features notable local blockchain companies and initiatives leading the development of blockchain in Singapore.
The map, which categorizes blockchain startups and projects into major sectors, aims to provide a representation of the application of the technology across various industries.
It notes the presence of global blockchain protocols like Corda, Quorum, Ethereum, and Ripple, as well as services providers such as EY, PwC, Microsoft Azure, and R3, which have all been serving the business community with blockchain-related products and services.
But the Singapore blockchain ecosystem also has several home-grown noteworthy startups and projects of its own.