Singaporean Merger to Increase Blockchain Awareness

Singapore's new Blockchain Association Singapore, BAS for short, is a newly formed industry group to promote crypto blockchain as a whole. This was made possible by the merger of two existing entities, the Blockchain, Enterprise and Scalable Technologies (BEST) and the Singapore Blockchain Association (SBA).

This new industry group has as its main goal to push development of new blockchain companies, as well as existing ones.

The city state is widely considered to be Asia's financial hub, which is why its economy is mainly driven by the market industry.  Its friendly and accessible regulations have been and are continuing to attract more and more new and old blochchain players, while also providing rich soil for cryptocurrency companies.

Chia, the former SBA chairman, and the current BAS head, had this to say

“Singapore has become a burgeoning hub for blockchain and there is a need for an industry push to facilitate and encourage the development of new and existing players in this space. I am confident that the establishment of [the] Blockchain Association Singapore will add more vibrancy and support to the current ecosystem while providing guidance for enterprises who are keen to adopt blockchain solutions.,”

The Blockchain Association Singapore has also taken further steps with its fresh partnership with Singapore Polytechnic, a cooperative aiming at increasing blockchain awareness and knowledge.