New courses by Singapore Polytechnic and Token Economy Association to equip workforce with Blockchain skills

Association, Union, Government Agencies and Academia join forces to promote training in financial technology

Singapore, 31 August 2019 – Blockchain development skills ranked in the top three job openings in almost every global region. However, there is a critical skill shortage against the demand in Singapore.1 To help Singapore develop talent for Blockchain, and companies to leverage this technology, Singapore Polytechnic (SP) has partnered the Token Economy Association (TEA) to develop and launch the FinTech Deep Dive Series, with the first series on Blockchain.

The Deep Dive Series on blockchain are new courses curated by TEA and the course content is designed mainly by Dr Ernie Teo, who is a former Blockchain Research Scientist at IBM. This series is meant for professionals who already have a good knowledge of software programming and who wish to raise their proficiency levels in Blockchain application development.

The launch was held at the inaugural Singapore Blockchain Day at Devan Nair Institute for Employment and Employability, which was graced by Mr Patrick Tay, Assistant Secretary-General of NTUC. The Singapore Blockchain Day is the first to be supported by the various government agencies, Association, Union and Academia in Singapore and aims to create interest and awareness of the growing Blockchain industry and for jobseekers who are seeking job opportunities in the new industry.

Besides the launch, SP and TEA together with Enterprise Singapore, Employment and Employability Institute (e2i), Banking and Financial Services Union (BFSU), Workforce Singapore (WSG), also jointly inked a Memorandum of Understanding (MOU) to develop the capability and proficiency of talents in the FinTech and Blockchain fields through platforms including courses and workshops.

This collaboration will enable Singapore to build a pipeline of local talents entering the new growth and emerging areas of FinTech and Blockchain in support of Singapore’s vision to be transformed into a regional FinTech hub. \


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About Singapore Polytechnic (SP)

Established in 1954, Singapore Polytechnic (SP) is Singapore’s first polytechnic. It has 10 schools that offer 40 full-time courses and 3 common entry programmes for close to 16,000 students. SP adopts a proven creative teaching and learning framework and offers students a holistic, authentic and industry-relevant curriculum, innovative and vibrant learning spaces, and enriching overseas programmes.

Microsoft Word – Singapore Blockchain Day MR_v5.1 SP.docx

The Polytechnic is committed to producing competent and versatile graduates who are also imbued with sound values, so that they can be work ready, life ready and world-ready. SP has more than 206,000 graduates and among them are successful entrepreneurs, top executives in multi-national and public-listed corporations, and well-known professionals across various industries and leaders in government.

SP clinched the inaugural ASEAN People’s Award in 2015 for its contributions toward the region’s community-building efforts. SP is also the first polytechnic to be awarded the President’s Award for the Environment in 2010 and the President’s Social Service Award in 2011.

Follow SP on Facebook at and Twitter and Instagram at @singaporepoly.

About Token Economy Association, TEA

The Token Economy Association (TEA) is an industry-sponsored, self-regulatory organization (SRO) for the Singapore digital assets industry, specifically cryptocurrencies and tokens.

The promise of the token economy and its impact on the future will be profound, but individuals and institutions need to feel safe and secure when transacting on tokens. A thoughtful SRO framework that provides a regulatory program for the digital assets industry is the next logical step in the maturation of this market.

We believe adding a layer of oversight on digital assets in the form of self-regulation, is important for consumer protection and to ensure the integrity of these markets. We look forward for participation from industry leaders, participants, regulators, and legislators.

About Banking and Financial Services Union (BFSU)

The union has changed its name from Singapore Bank Officer’s Association to the Banking and Financial Services Union (BFSU) in 2019 to reflect our renewed mission and determination to stay relevant and strengthen the union’s outreach to Professionals, Managers and Executives (PMEs) in the banking and financial services industry. BFSU will provide their expertise to help professionals upgrade their skill sets as the industry continues to face disruptions, challenges and opportunities. The partnership will also see more platforms for PMEs to build their network and connect with like-minded professionals within the industry. Members under the BFSU-SFA chapter programme will receive discounts to seminars and training courses, as well as access to networking opportunities and selected events. For more information, please visit

About Employment and Employability Institute (e2i)

e2i (Employment and Employability Institute) is the empowering network for individuals and companies seeking skills and solutions for growth. Since 2008, e2i has assistedmore than 700,000 individuals through our career guidance, professional development, and job matching services. With an extensive network of partners, e2i offers hiring, training and productivity solutions to businesses. We are an initiative of the National Trades Union Congress (NTUC) to support nation- wide manpower and skills upgrading initiatives. For more information, please visit

Microsoft Word – Singapore Blockchain Day MR_v5.1 SP.docx

About Enterprise Singapore (ESG)

Enterprise Singapore is the government agency championing enterprise development. The agency works with committed companies to build capabilities, innovate and internationalise.

It also supports the growth of Singapore as a hub for global trading and startups, and builds trust in Singapore’s products and services through quality and standards.

Visit for more information.

About Workforce Singapore (WSG)

Workforce Singapore (WSG) promotes the development, competitiveness, inclusiveness, and employability of all levels of the workforce. Its key mission is to enable Singaporeans to meet their career aspirations, take on quality jobs at different stages of life, and help enterprises be competitive and manpower-lean. Workforce Singapore’s focus is on strengthening the Singaporean core and ensuring that Singaporeans are able to have better jobs and careers. Workforce Singapore, in partnership with key stakeholders, also provides support to business owners and companies to enable them to transform and grow, while building a future-ready workforce. For more information, please visit