SINGAPORE, April 23, 2018 /PRNewswire/ -- Sino-Singapore Innovation Alliance (SSIA) was established in Shanghai on April 21st. As the core member of the alliance, DREP Foundation joined the signing ceremony alongside QTUM Foundation. Together with representatives from Shanghai Singapore Business Association and over 20 tech companies from China and Singapore, Mr. Loh Tuck Wai (Consul-General of Singapore in Shanghai) and Mr. Ho Chee Hin (China Group Director for Enterprise Singapore) attended the event to witness the historical moment.
The core members of Sino-Singapore Innovation Alliance (SSIA) include DREP Foundation, QTUM Foundation and Shanghai Singapore Business Association (SSBA). As the core support of the alliance, Enterprise Singapore (ESG) acknowledged the contribution of respective members in strengthening the in-depth exchange of Sino-Singapore technology innovation. The sign-off of this innovative alliance is aimed at fully capitalizing on the strengths in the tech industry for Shanghai and Singapore, as well as encouraging the cross-country innovation, technology knowledge exchange and collaboration for commercial development. We hope by starting from the Shanghai-Singapore tie, this trend will spread to the whole of China-ASEAN, thus reinforcing the development of the Belt and Road Initiative.
After the establishment of SSIA, DREP Foundation as the alliance founder will unite members of different tech companies and governmental support to deepen the business collaboration while emphasizing on education of innovative talents and the product transition in technology innovation between China and Singapore under the basic principle of 'Technology Innovation'. DREP is also building the technology database for companies involved with the alliance, and the tech talent database from several institutions, including but not limited to the likes of National University of Singapore, Nanyang Technological University, Shanghai Jiaotong University and Fudan University. DREP will actively be organizing company and university visits in the tech field between Singapore and Shanghai, and pushing forward the pilot training and incubations of tech start-ups.
There will also be blockchain innovation research projects organized by QTUM Foundation and DREP Foundation for students from Shanghai and Singapore, in addition to a series of meet and greet events under the theme of 'innovation and technology', 'development of blockchain application'.
2018 will be the 28th anniversary of the diplomatic relations between China and Singapore. For many years, the two countries have kept a great collaborative relationship on economic, trade and technology development as well as talent exchange. SSBA along with numerous Singaporean and Chinese companies have been the bridge of communication to enhance the economic and technology advancement of two countries as well as contributing to business of the ASEAN region by providing talents and resources. Among them, QTUM and DREP are such examples of Singaporean tech companies that have become the power to influence the world with the support from both countries and continuous innovations.
As the early founder for SSIA, the co-founder of DREP Momo Chang stated that DREP will endeavor to promote the true application of blockchain technology on Internet and business development as well as the incubation of new projects in universities alongside QTUM Foundation and other tech companies, so as to make its contribution to technology development and the Belt and Road Initiative.
Photo credit: Yap Jun Weng
Founded in Singapore, early 2018, DREP Foundation is an innovative tech company that provides the decentralized solution to quantification and monetization of cross-platform online reputation. By distinguishing fake news and accounts, establishing user growth system and increasing retention rates, building the users' reputation data sharing pool for DAPPs (Decentralized Reputation Apps), DREP Foundation has internally incubated and jointly developed 4 applications based on online reputation and content, which will be published shortly.