Corporate Giants Join Forces with Tribe Accelerator: A Blockchain Collaboration

Corporate Partnerships and Growing Startups

In a notable move for the blockchain ecosystem, heavyweights like IBM, Citibank, and Ubisoft have partnered with Singapore-based Tribe Accelerator, highlighting the blending of corporate muscle with the innovative spirit of startups. This partnership, announced on September 18 by The Straits Times, kicks off the second edition of Tribe’s four-month accelerator program.

The Role of Tribe Accelerator

Tribe Accelerator takes on the vital role of bridging the gap between budding blockchain startups and large corporate entities. The program is designed to aid startups that are teetering on the edge of growth, providing them with invaluable connections to industry giants. This initiative covers a wide array of sectors, including:

• Media and advertising
• Cybersecurity
• Healthcare
• Fintech
• Supply chain management

Meet the Second Batch of Startups

The second cohort of startups is impressive, featuring a diverse range of projects. Some of the standout participants include:

1. Torus: A digital identity and password management service backed by Binance.
2. Bluzelle: A cutting-edge distributed database service.
3. WhiteCoat: A healthcare startup offering digital solutions.
4. AID:Tech: A platform focused on digital identity and data management.
5. Aqilliz: A customer loyalty management platform.

Success Stories from the First Batch

The inaugural batch of startups, which wrapped up the program in July, achieved significant success, raising over $12.2 million within just three months. This stellar performance underscores the potential of Tribe Accelerator to catalyze growth for entrepreneurs in the blockchain space.

Major Corporate Support

Since its inception, Tribe Accelerator has garnered support from an impressive lineup of corporate and government partners. Collaborators include:

• AXA (insurance)
• BMW Group Asia
• Intel
• R3 (business blockchain platform)
• Singapore’s Infocomm Media Development Authority
• Nielsen
• PwC (Big Four auditor)
• Temasek

Ng Yi Ming, managing partner of Tribe Accelerator, noted the overwhelming success of the first batch: “By ensuring all parties are aligned with a common objective, it has greatly reduced information overlaps and made solution integration prompt.” This speaks volumes about the effectiveness of collaborative models in the tech space.

Citibank’s Blockchain Legacy

Citibank, known for its long-standing engagement with blockchain technology, is another key player in this partnership. As reported by Cointelegraph, Citigroup has dabbled in creating multiple blockchains and even ventured into developing a test cryptocurrency dubbed ‘Citicoin’—which, let’s just say, didn’t quite take off as planned. But hey, in the fast-evolving world of tech, not all experiments turn to gold, and that’s perfectly okay!