According to a press release issued on March 29, Singapore's Infocom Media Development Authority (IMDA) launched a "BlockChain Challenge" to promote blockchain innovation and adoption in enterprises.
The press release indicates that the challenge is "to promote awareness and adoption of technology; and business models encourage companies to explore innovation and / or technology driven change." SOURCE https://cointelegraph.com/news/singapore-media-regulator-launches-blockchain-challenge-to-promote-adoption-innovation