Tribe Accelerator signed a Memorandum of Understanding (MOU) with ConsenSys to take on initiatives and activities that will enhance the blockchain environment in Singapore.
“At the heart of our mission in Singapore is an engagement strategy encompassing government, enterprise, startup, and grassroots communities. ConsenSys greatly values the opportunity to build for our clients, and build with our partners – across Singapore and the ASEAN region. We are pleased to reinforce our commitment to this truly unique ecosystem via our partnership with Tribe, under the stewardship of Enterprise Singapore,” stated Vinay Mohan, the Managing director of ConsenSys Singapore.
Tribe is the first blockchain accelerator supported by the Singapore government which supports the growth of later-stage startups by offering them a hyperconnected platform for product development and drive as well as further the mass adoption of blockchain-based solutions.
ConsenSys is a top blockchain consultancy and venture development which has helped many of the world’s blockchain projects by providing infrastructure, apps, and guidance.
ConsenSys will contribute to the partnership by providing mentorship to the accelerator program and consultation sessions with startups. Tribe will bring to the table its ever-increasing international network of government, corporate, and entrepreneurial partners, which includes Enterprise Singapore, and PwC Singapore.
“With the world moving rapidly towards Industry 4.0, a partner like ConsenSys will be very beneficial as we look to drive widespread adoption of blockchain technology across Asia, and the world,” stated Yi Ming Ng, Managing Partner at Tribe Accelerator.
“We are very pleased to announce our first MOU in Singapore. With a vibrant startup culture and bolstered by a supportive government championing new and emerging technology, the local blockchain scene continues to generate excitement around the world,” stated Joseph Lubin, ConsenSys founder and Ethereum co-creator.
“Our Singapore office has been committed to bringing the best of blockchain and Ethereum to the region for a couple of years, and now through joining hands with Tribe Accelerator, this partnership will be a valuable channel for expertise sharing that helps guide the next generation of startup innovation and support the advancement of our ecosystem.”
By being focused on helping start-ups develop services and products that have real-world use, this new collaboration with ConsenSys can help the country build the foundation for more efficient and accessible new systems.