CoinSwitch is organising a blockchain hackathon, “Building Future Cities,” in collaboration with Startup Karnataka, a Karnataka authorities initiative, and Tejasvi Surya, member of parliament (Bangalore South), to recognise and stimulate blockchain-based options to on a regular basis issues confronted by India’s 1.2 billion individuals.
“Karnataka is the torchbearer of digital India. The state has an excellent track record of close collaboration between the government and entrepreneurs. This hackathon enables Karnataka to carry this success story to the next frontier of technology, blockchain, and empowers young innovators to utilise the power of blockchain for the public good,” Ashwathnarayan CN, minister for increased training, stated.
‘Building Future Cities’ intends to provoke a Web3 innovation cycle suited and customised for India, centred on the matters of sensible cities, digital governance, and provide chain.
The hackathon will problem members to check a blockchain-powered India, with a deal with sensible mobility, power credit and buying and selling, decentralised waste administration, safe digital identification and certificates administration, environment friendly and clear vaccine distribution, and farm provides and provide chain administration. The winners will probably be rewarded with a prize cash of Rs 3 lakh, with the full prize pool of the hackathon set at Rs 6 lakh. Participants can enter the competitors individually or in a group of as much as 4 members.
“We are now ready for the next big technological leap, to build a blockchain- powered India. We partnered with CoinSwitch for a first-of-its-kind blockchain hackathon and sowed the seeds of India’s future in Bengaluru,” Tejasvi Surya, member of parliament, Bangalore South, stated.
“ Blockchain hackathon, ‘Building Future Cities’ is our effort to kickstart an innovation cycle in India for India, by equipping and enabling India’s strong pool of developers and innovators. At CoinSwitch, we have always believed that India will be the launchpad of a Web3 world. The hackathon is a step towards realizing this goal. I am excited to see what the young and smart minds of India bring to the table,” Ashish Singhal, co-founder and CEO, CoinSwitch, stated.
Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari based CoinSwitch in 2017, and top-tier buyers like Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm, and Coinbase Ventures have supported the corporate.
Source: www.financialexpress.com”