Singapore VC GBCI Announces $100M Venture Built Project – Building Cities Beyond (BCB) Blockchain

BCB Blockchain is the foundation for smart city applications

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Singapore-based GBCI Ventures (GBCI) has announced a new project backed by a massive 100+ team and a good part of $100m venture fund called Building Cities Beyond (BCB) Blockchain. BCB Blockchain protocol is the foundation for building smart city solutions and has APIs ready for use for the development of applications, such as asset ledgering, eWallets, and payment systems. It also has an ecosystem built to support the development of successful smart city solutions, including real-world implementation in an actual city.

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BCB is founded by GBCI with a team of 100 in Singapore, Myanmar, Thailand, China and the Philippines. The BCB team has spent most of their time working on the mainnet of the blockchain technology and pushing the blockchain protocol to develop smart city applications.

“BCB’s strength lies in the platform for smart city projects. We believe blockchain technology improves trust and transparency in all forms of transactions across all industries for smart cities,” said Lee Changjin, Chief Operating Office of BCB.

In the following months, BCB together with GBCI will launch blockchain accelerators regionally. GBCI has also earmarked a minimum fund size of US$10m to invest in smart city projects developed on the BCB Blockchain. GBCI plans to launch a blockchain focused fund with like-minded investors soon.

Built by serial entrepreneurs, BCB’s focus is on utilisation and real world implementation. The company will announce their first smart city project in an emerging market soon, where the BCB Blockchain protocol is used to ledger assets and process transactions.

GBCI‘s main role when investing in startups is to help the entrepreneur focus on innovation while centralizing various supporting functions, such as rent, talent, Corporate Affairs, HR, Finance and IT. By providing the business infrastructure and key resources to kick start a project, GBCI gets involved deeply in the venture creation process and the business operation.

“GBCI’s emphasis is on re-purposing talents and re-using our startup experience and knowledge to increase the chances of success in the long run. Currently, GBCI is building several companies in succession with core ideas that come from within the company or with partners,” said Douglas Gan, CEO and co-founder of GBCI. “BCB Blockchain is the first venture built company we spent many months investing in and a great business has sprung out of it,” he added.

GBCI Ventures is a leading venture capital fund and a venture builder in Asia. They invest in startups in the early stage of opportunities in smart city technology and bring together a new generation of technology leaders, solutions providers, and community that are key to building a dynamic and adaptive smart city ecosystem.

GBCI’s US$100m smart city fund is 70% dedicated to venture building and 30% dedicated to VC activities on companies that eventually will be merged or acquired by GBCI. The GBCI venture building team is now 1000 across 8 countries in Asia, including China, with 400 of them being engineers. GBCI focuses on innovative technology investments ranging from artificial intelligence (AI), cloud computing, robotics, big data, IoT, blockchain to virtual reality (VR). For more information, please refer to http://gbci.vc

Building Cities Beyond (BCB) Blockchain protocol is the foundation required for building smart city solutions. With BCB safe, secure and scalable protocol, the APIs are ready for use for the development of a variety of distributed applications, such as eWallets and BCB payment card that has the ability to integrate cryptocurrency and bank transactions into one card, smart contracts, messaging peer-to-peer applications and allow projects to create BRC20 tokens on the BCB platform. BCB is headquartered in Singapore.
For more information, please refer to https://www.bcbchain.io

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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