Singapore Blockchain Innovation Programme

What Singapore Blockchain Innovation Programme does

Singapore Blockchain Innovation Programme (SBIP) is a government-anchored, NUS-based technical community and research initiative launched in December 2020 to accelerate blockchain adoption and Web3 capability development in Singapore. It is jointly supported by six Singapore government bodies — the National Research Foundation (NRF), Infocomm Media Development Authority (IMDA), Enterprise Singapore (ESG), Monetary Authority of Singapore (MAS), GovTech, and A*STAR — and operationally hosted at the National University of Singapore (NUS) School of Computing under Principal Investigator Prof. Ooi Beng Chin. SBIP's mission spans consulting and advisory, product development and implementation, proprietary Web3 solutions, knowledge sharing and networking, research and development, and technical support, addressing Singapore enterprises, startups, developers, students, and government stakeholders.

SBIP operates a portfolio of seven proprietary Web3 solutions spanning smart contract security (Verazt Security, an AI-powered fuzzing scanner), AI-driven contract lifecycle management (TezSign), intellectual property commercialization (IP8Value), ESG reporting (ESGTogether), cross-chain interoperability (ChainHub), access-control views on Hyperledger Fabric (LedgerView), and edge computing resource sharing (MEC Anywhere). Its technology stack includes zero-knowledge proofs, federated learning, Hyperledger Fabric, Ethereum, AI-blockchain integration, and interledger protocols. The organization has published over 17 papers in top-tier venues (ACM SIGMOD, IEEE, VLDB, Springer) and runs the annual Singapore Blockchain Innovation Challenge (SBIC) hackathon, which has operated consecutively since 2021 with themes evolving from blockchain interoperability to Web3 to AI-blockchain integration.

SBIP's revenue model is structurally non-commercial: funding is provided by Singapore government agencies rather than generated from customer revenue. Hackathon participation is free, and proprietary products are offered for pilot testing, free trials, and collaboration rather than via disclosed paid commercial plans. Its go-to-market motion is community-led and event-driven, reaching customers through Discord, LinkedIn, Facebook, Instagram, YouTube, newsletters, and high-profile Singapore tech events (InnovFest, World Blockchain Summit, Singapore Fintech Festival, ATxSG). Industry partnerships span global Web3 foundations (Ethereum Foundation, Stellar, Sui, Wormhole, Avalanche, Dfinity) and enterprise users (Northern Trust, Mercedes-Benz Singapore via Acentrik, Zuellig Pharma via eZTracker). SBIP is headquartered at 21 Lower Kent Ridge Road, Singapore, and operates with 11-50 employees.

Name

Singapore Blockchain Innovation Programme

Legal name

Singapore Blockchain Innovation Programme

Website

https://sbip.sg

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

SBIP is a government-backed, NUS-anchored blockchain initiative that builds proprietary Web3 solutions, publishes academic research, and runs annual hackathons to accelerate blockchain adoption across Singapore's enterprises, startups, developers, and government stakeholders.

Ownership category

akta.pro rank

Product category

Blockchain Development Services

NAICS

Computer Systems Design and Related Services (54151)

SIC

Finance Services (6199)

akta.pro primary industry

Governance, Controls & Policy Automation (GRC for Web3) (FSAPAJAG)

akta.pro secondary industry

Software Supply Chain & Dependency Security (SBOM, Signing) (HDADACAD)

Keywords

• Blockchain consulting services
• Web3 development solutions
• Smart contract security
• Blockchain research and development
• Decentralized applications

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Government funding and grants: SBIP is a national-level technical collaboration community launched in December 2020, supported by the National Research Foundation Singapore (NRF), Enterprise Singapore (ESG), Infocomm Media Development Authority (IMDA), and the Monetary Authority of Singapore (MAS). Funding is government-provided rather than commercially generated.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

SBIP is a government-supported national blockchain initiative that facilitates adoption of blockchain and Web3 technologies through consulting and advisory services, custom development and implementation, proprietary Web3 software solutions (smart contract security, AI-driven contract management, IP commercialization, ESG tooling, cross-chain interoperability, access-control views, edge computing), and a research and community-building program anchored at the National University of Singapore. Its proprietary portfolio includes Verazt Security, TezSign, IP8Value, ESGTogether, ChainHub, LedgerView, and MEC Anywhere.

Product overview

Singapore Blockchain Innovation Programme (SBIP) operates as a blockchain research and development initiative offering a portfolio of Web3 proprietary solutions alongside consulting, development, and technical support services. The product portfolio includes seven core offerings: Verazt Security (smart contract fuzzing scanner), TezSign (AI-driven contract management), IP8Value (intellectual property platform), ESGTogether (ESG solutions), ChainHub (interledger communication framework), LedgerView (access-control views on Hyperledger Fabric), and MEC Anywhere (edge computing resource monetization). SBIP also conducts research published in top-tier academic journals and organizes the annual Singapore Blockchain Innovation Challenge hackathon.

Differentiator

Problem solved

Functional benefit

Brands

• Verazt Security: Advanced fuzzing scanner for securing smart contracts
• TezSign
• IP8Value
• ESGTogether
• ChainHub
• LedgerView
• MEC Anywhere

Products and services

• Verazt Security Advanced fuzzing scanner that uses AI-powered static analysis and fuzzing testing to detect vulnerabilities in smart contracts. Targeted at blockchain developers and enterprises deploying smart contracts.
• TezSign AI-driven contract management platform enabling effortless digital signing and contract lifecycle management. Targeted at businesses needing automated document workflow and contract execution.
• IP8Value Global platform for intellectual property marketing, technology search, and investment that facilitates commercialization of IP. Targeted at IP owners, technology transfer offices, and investors.
• ESGTogether ESG solutions platform designed to help businesses future-proof their operations with tailored environmental, social, and governance tools. Targeted at enterprises seeking ESG reporting and operational tooling.
• ChainHub Secure and efficient interledger communication framework enabling cross-chain digital asset exchange. Targeted at developers and enterprises needing blockchain interoperability.
• LedgerView Access-control views system built on Hyperledger Fabric that bolts access-control views to permissioned blockchains, allowing clients to hide secret blockchain transaction payloads in ciphered text while granting access to qualified users. Provides irrevocable and revocable views with key-based or hash-based data encryption options, ensuring integrity and correctness guarantees (soundness and completeness). Targeted at permissioned blockchain operators needing selective data disclosure.
• MEC Anywhere Platform enabling sharing and monetization of idle resources for edge computing (Multi-access Edge Computing). Targeted at resource providers and consumers in edge computing ecosystems.
• Blockchain Consulting & Advisory Advisory services that help enterprises understand how blockchain can boost and future-proof their business. Targeted at enterprises evaluating or adopting blockchain technology.
• Blockchain Development & Implementation Custom blockchain solution development and implementation services, including proof-of-concept builds, delivered by in-house developers. Targeted at enterprises requiring bespoke blockchain implementations.
• Blockchain Technical Support In-house technical support service providing expert assistance for blockchain deployments. Targeted at enterprises running SBIP-built or SBIP-affiliated blockchain solutions.

Quantifiable outcome

• Over 17 published papers in top-tier academic journals and conferences including ACM SIGMOD, IEEE, VLDB, and Springer
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

20 partnerships are on record, tiered core, major and minor.

• GovTech SingaporecoreStrategic or Co-development PartnerGovTech is a government technology agency collaborating with SBIP on blockchain projects and ecosystem development.
• A*STAR (Agency for Science, Technology and Research)coreStrategic or Co-development PartnerA*STAR collaborates with SBIP on research initiatives, with A*STAR researchers participating in SBIP events and projects.
• National University of Singapore (NUS)coreStrategic or Co-development PartnerSBIP is anchored at NUS, with the NUS School of Computing serving as the primary academic host for SBIP's research and operations.
• Nanyang Technological University (NTU)coreStrategic or Co-development PartnerNTU is a joint collaborator on SBIP, supporting research and development activities within the blockchain ecosystem.
• Singapore Management University (SMU)coreStrategic or Co-development PartnerSMU is a joint collaborator with faculty participating in SBIP research and events, including Prof. Zhu Feida.
• Singapore University of Technology and Design (SUTD)coreStrategic or Co-development PartnerSUTD is a joint collaborator on SBIP, contributing to blockchain research and educational activities.
• AWS (Amazon Web Services)majorTechnology or IntegrationAWS provides cloud infrastructure credits and sponsorship to SBIP hackathons and events, supporting blockchain development environments.
• BeosinmajorTechnology or IntegrationBeosin blockchain security company partners with SBIP for smart contract security expertise and hackathon sponsorship.
• MoledaomajorGTM or Marketing PartnerMoledao blockchain education community partners with SBIP for hackathons and community building in the Web3 space.
• ShardLabminorGTM or Marketing PartnerShardLab partners with SBIP as a Web3 community and development partner, supporting hackathons.
• ICP Hub SGminorGTM or Marketing PartnerICP Hub SG partners with SBIP for Internet Computer Protocol ecosystem development and hackathon participation.
• Northern TrustmajorStrategic or Co-development PartnerNorthern Trust partnered with NUS School of Computing and NUS Asian Institute of Digital Finance to support blockchain development for institutional use, working with SBIP on interoperability and research.
• Singapore Fintech Association (SFA)majorGTM or Marketing PartnerSFA partners with SBIP for industry events, hackathons, and ecosystem collaboration within Singapore's fintech community.
• Blockchain Association Singapore (BAS)majorGTM or Marketing PartnerBAS partners with SBIP to support the blockchain community in Singapore through joint events and initiatives.
• SG Women in TechminorGTM or Marketing PartnerSG Women in Tech partnered with SBIP and IMDA to provide special prizes for female participants in the Singapore Blockchain Innovation Challenge, promoting diversity in blockchain.
• Zuellig Pharma (eZTracker)majorStrategic or Co-development PartnerZuellig Pharma's eZTracker uses blockchain for interoperable digital supply chain management, with SBIP researchers and partners involved in related initiatives.
• Mercedes-Benz Singapore (Acentrik)majorStrategic or Co-development PartnerMercedes-Benz Singapore's Acentrik decentralized data marketplace was showcased at SBIP's hackathon events, demonstrating enterprise blockchain use cases.
• ATxSGminorGTM or Marketing PartnerATxSG (Asia Tech x Singapore) partners with SBIP as a technology event platform in Singapore's tech ecosystem.
• Asian Institute of Digital Finance (AIDF), NUScoreStrategic or Co-development PartnerAIDF at NUS collaborates with SBIP on blockchain research and fintech initiatives, including partnerships with Northern Trust for institutional blockchain development.
• NUS EnterprisecoreStrategic or Co-development PartnerNUS Enterprise collaborates with SBIP on startup ecosystem development, hackathons, and innovation challenges within the National University of Singapore.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hyperledger Foundation: Linux Foundation-hosted open-source blockchain consortium supporting enterprise-grade frameworks (Fabric, Besu). Directly comparable because SBIP develops on Hyperledger Fabric (LedgerView) and runs a similar consortium/community model, albeit geographically focused on Singapore.
• R3: Enterprise blockchain consortium and software provider (Corda). Comparable as a research-and-product hybrid focused on enterprise blockchain adoption with regulated financial institution backing — analogous to SBIP's NUS/government-backed model but globally scoped.
• Enterprise Ethereum Alliance: Industry consortium driving Ethereum-based enterprise adoption. Comparable because SBIP is sponsored by the Ethereum Foundation and operates a similar community-development model, though EEA is global and standards-focused while SBIP is Singapore-anchored.
• CertiK: Leading smart contract security and formal verification firm. Direct competitor to SBIP's flagship product Verazt, with much larger funding (>$900M raised) and global enterprise customer base.
• Beosin: Blockchain security firm offering smart contract auditing, formal verification, and on-chain monitoring. Direct competitor to Verazt and existing SBIP partner; comparable in product scope but commercially scaled.
• MIT Digital Currency Initiative: Academic research initiative at MIT focused on cryptocurrency and blockchain technology. Closest peer in the academic-blockchain-research model; comparable as a university-anchored research program publishing peer-reviewed work, though MIT's brand is more globally recognized.
• Web3 Foundation: Foundation supporting the Polkadot/Kusama ecosystem via research grants and ecosystem development. Comparable as a foundation-driven Web3 research and ecosystem program with multi-protocol sponsorship, though focused on a single protocol family.

Broad incumbents

• ConsenSys: Leading Ethereum-focused blockchain software and consulting firm (Infura, MetaMask, Truffle). Comparable to SBIP's consulting + proprietary product model but at vastly greater commercial scale and breadth.
• Chainalysis: Blockchain analytics and compliance firm serving governments and financial institutions. Comparable on the compliance/security + government-customer intersection where SBIP operates (e.g., MAS partnership, malice detection research), but at much greater commercial scale.

Regional players

• Algorand Foundation: Foundation supporting the Algorand blockchain ecosystem with research grants and developer programs. Comparable consortium-style structure, but U.S./global focus vs. SBIP's Singapore government anchoring.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/sbip-sg
• YouTubeyoutube.com/@sbipsg
• Facebookfacebook.com/singaporeblockchaininnovationprogramme
• LinkedInlinkedin.com/company/sbip-sg
• Instagraminstagram.com/sbip.sg

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Singapore Blockchain Innovation Programme