On July 8th, one of the panels of the Asian version of Unitize brought together two key players in the promotion of blockchain technology in their respective regions.
Marloes Pomp, who works as a blockchain project initiator with the Dutch government, and Yi Ming Ng, who works for the Tribe Accelerator project in Singapore, compared their organizations‘ approaches to building blockchain ecosystems.
Initial reluctance, but from different sides
Pomp’s foray into the world of blockchain began in 2016 when he was inspired by the presentation of the Dubai blockchain strategy. She felt that the Netherlands should consider a similar strategy, but faced initial resistance from within the government.
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However, Ng entered the industry in 2017, when cryptomoney was becoming a major bubble and the initial offers of coins, or ICO, were at their peak. He discovered that many companies feared blockchain because of its alleged link to the cryptomoney market and ICO scams.
Pomp did not have as much reluctance from the corporate sector, as the Netherlands did not have many crypto companies or ICOs at that time. Instead, people wanted to understand how they could use the technology.
In the case of business, this revolves around the common good
Pomp convinced the Dutch government to start some pilot projects, which quickly expanded into 35 different trials throughout the government. The success of this led the Ministry of Economic Affairs to launch a public/private blockchain coalition in 2017.
In many cases, the business case for the Dutch government focuses on a common good or the development of a common process. As Pomp says:
„The government already plays a role in this. Blockchain is a piece of the puzzle for social solutions that we are trying to find anyway. Blockchain is a facilitator“.
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For example, one of The News Spy focused on Know Your Customer, or KYC, processes, using blockchain to standardize an identity verification solution.
Accelerate the escalation process
Ng has helped raise $30 million to support 29 new businesses in the last year and a half. These companies come from industries as diverse as supply chain, healthcare, finance and mobility.
Tribe takes a different approach to most acceleration programs and helps expand companies seeking capital from investors or corporate clients to develop blockbuster technologies.
Its goal is to shorten the corporate timeline to reach decision makers more quickly.