IBM and Citibank Join Singapore’s Blockchain Tribe Accelerator

IBM and Citibank Join Tribe Accelerator

IBM, Citibank and Ubisoft have signed up to Singapore-based blockchain accelerator Tribe Accelerator.

According to TheStraitsTimes , the companies above joined as corporate partners Tribe accelerator for the second edition of its four-month program. The report says that Tribe helps blockchain startups in their growth-stage by connecting them with major corporations.

Startups of this second group operate in fields such as media and advertising, cybersecurity and healthcare.

The participating startups includes distributed database service Bluzelle, Binance-backed digital identity and password management firm Torus, digital identity and data management platform AID:Tech, customer loyalty management platform Aqilliz and healthcare startup WhiteCoat.

The first batch of startups completed the program in July this year and reportedly raised over $12.2 billion within three months.

The program received support from government and corporate partners including insurance giant AXA, BMW Group Asia, Intel and business blockchain platform R3.  Ng Yi Ming, Tribe Accelerator managing director commented saying:

“The success of the inaugural batch far surpassed our initial expectations. By ensuring all parties are aligned with a common objective, it has greatly reduced information overlaps and made solution integration prompt.”

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