OmiseGo (OMG) Opens A Co-Working Space In Singapore

OmiseGO (OMG) has launched its second co-working space in Singapore known as Neutrino. The first one was opened in Tokyo, Japan earlier in the year. In the case of Neutrino, OmiseGO has partnered with Global Brain and The Great Room.
Swati Goyal

Neutrino intends to build a thriving community and this will be achieved by linking digital currency thought leaders, regulators, businesses, and entrepreneurs together through meetups, workshops and regularly organized events. This is with the aim of providing an environment for developing blockchain projects that are productive, collaborative and inspiring.

In the Neutrino, community emphasis is placed on creating an inclusive and active culture with a view to contributing to the success of startups in the blockchain space. Besides the co-working space members also benefit from the mentorship opportunities offered by Neutrino as well as access to exclusive events.

The Great Room Centennial Tower

Neutrino also intends to expand throughout the Asian region as well as other parts of the world. In Singapore, the co-working space will be located at The Great Room Centennial Tower. Some of the facilities available at the blockchain co-working space include meeting rooms, hot desks, and dedicated office space. Additionally, there is an event space which has the capacity of accommodating 150 people and an in-house café that serves light refreshments.

According to the Singapore’s country manager for Omise, Nick Gan, the choice of country was not accidental as the city-state is a prime location with regards to blockchain technology. Singapore is a leading smart nation and ranks as one of the best countries for startups. With regards to blockchain technology, Singapore aims to become a global hub in order to capture lucrative opportunities and investments. Already the city-state is home to several well-funded and promising blockchain startups.

Regulatory standards

Some of the moves the government of Singapore has made in order to position the country as a blockchain technology leader include the Monetary Authority of Singapore proposing the revision of regulatory standards with a view of accommodating blockchain-based decentralized cryptocurrency exchanges. Singapore’s central bank is also looking into the development of blockchain applications which will be used in clearing and settling securities and payments. There are also unconfirmed plans of putting the Singaporean Dollar on the blockchain. Two months ago Singapore’s Intellectual Property Office indicated that the patent process for Fintech firms would be expedited and this would include those that are developing blockchain applications.

The education sector of Singapore is also adapting and courses, as well as workshops centered on blockchain technology, are being introduced. Earlier this year, for instance, the National University of Singapore revealed that it had formed a partnership with tech giant IBM aimed at developing a curriculum focusing on distributed ledger technology and blockchain.

One of the blockchain startups that originated from the National University of Singapore is Zilliqa. It is also at the National University of Singapore where the sharding concept was developed by researchers. Sharding aims to solve the scalability issues that plague blockchains and improve the energy efficiency with regards to the mining of digital currencies.

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