February 24, 2024

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Blockchain for Trade & Connectivity Network launches in Singapore

The Singapore University of Social Sciences (SUSS), has worked with Enterprise Singapore (ESG) to launch the Blockchain for Trade & Connectivity (BTC) Network – a unifying platform that allows blockchain and other technologies to operate together. This initiative is supported by the National Research Foundation.

Six commercial partners sign an understanding to develop the blockchain for trade & connectivity network

A Memorandum of Understanding was signed on December 7, 2020, with an initial group of six commercial partners during the Singapore Week of Innovation and TeCHnology. The MOU aims to create, trial and lead the implementation of the BTC Network.

The commercial partners are Ascent Solutions Pte Ltd, Blockchain-based Service Network, Commodities Intelligence Centre, GeTS Asia Pte Ltd, Trames Pte Ltd and VeChain Technology.

Under the partnership, SUSS will also be working closely with academics and industry practitioners to curate courses and programmes to enhance the knowledge and skills of the local workforce.

SUSS Provost, Prof Tsui Kai Chong said, “The BTC Network is one of SUSS’s endeavours in harnessing transformative technologies to serve society’s changing needs and contribute to building an inclusive and resilient society for social good. We are excited that the resulting programmes and courses will better equip our students and adult learners with future-ready digital capabilities.”

Opportunity to testbed blockchain solutions

The BTC Network allows for innovation and test-bedding of blockchain solutions with multimodal global supply chain companies, digital trading platforms and technology specialists.

It will focus on enhancing interoperability between blockchains by integrating mesh networks to streamline connectivity between existing systems or platforms.

To help local businesses and workers understand the technologies’ potential, a risk assessment framework will also be developed for SMEs to assess how blockchain can be adopted to meet business needs.

The BTC Network is expected to reduce barriers to trade and advance the trade and connectivity sector into a digital future that is secure and effective.

Assistant Chief Executive, ESG, Mr Satvinder Singh said, “Assuring reliable supply chains and trusted connectivity to the world are key considerations that will maintain our status as a trade and connectivity hub. Through the BTC network, we can connect enterprises with Institutes of Higher Learning (IHLs) to co-create or adopt digital solutions that will promote greater efficiency and transparency across global supply chains.”

“We will continue to work with SUSS and industry partners to help Small and Medium Enterprises (SMEs) assess the resilience of their current operations with the risk assessment framework and promote the adoption of blockchain technology for business confidence and growth.”

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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