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BlockTEST

BlockTEST

Technology Area(s) : Blockchain, Software as a Service (SaaS), Supply chain and logistics

BlockTEST builds digital solution for reconciling efficiency with security in the Singapore bunker fuel trading and financing industry. At its core, it uses blockchain to enable the exchange of cargo ownership, claim rights and receivables as digital (tokenised) assets in a digital marketplace. It provides players in the liquid bulk ecosystem with a standardised, interoperable digital platform to streamline trades and optimize credit risk management. Early trials have shown a reduction of operational costs by up to 50%, improvement in risk perception, strengthening of credit support and compression of settlement cycles from weeks to hours.

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SPC2019 Finalist
Founding Partners
MPA Singapore NUS Enterprise
Part of
Maritime Singapore

Shortlisted finalists are enrolled in a two-phase, 12-week programme.


Phase 1: Fit Check - Market Discovery and Validation

Kickstart your journey by diving deep into the heart of your market! In this phase, we'll help you answer the pivotal question: Is there a product-market fit for your solution? Validate your tech, test your assumptions, and find the perfect match for your innovation. A review will be conducted at the end of Phase 1. Only selected participants will advance to Phase 2.


Phase 2: Gap Busters - Navigating New Markets

Now, it's time to bridge the commercial gap. In this phase, you’ll partner with industry veterans who bring sharp business insights to the table. Together, you’ll navigate and conquer markets that may be uncharted territory for your startup.


Although the programme is designed for remote and overseas participants, in-person participation is required for the following events conducted in Singapore: