CoinSwitch and Startup Karnataka are hosting the “Building Future Cities” blockchain hackathon

CoinSwitch is organizing a blockchain hackathon, “Building Future Cities”, in collaboration with Startup Karnataka, a government initiative from Karnataka, and Tejasvi Surya, Member of Parliament (Bangalore South), to recognize and stimulate blockchain-based solutions to everyday problems India’s faces. 1.2 billion people.

“Karnataka is the torchbearer of digital India. The state has an excellent track record of close cooperation between the government and entrepreneurs. This hackathon enables Karnataka to bring this success story to the next frontier of technology, blockchain, and gives young innovators the opportunity to harness power. to blockchain for the general public, said Ashwathnarayan CN, Minister of Higher Education.

‘Building Future Cities’ intends to launch a Web3 innovation cycle adapted and adapted to India, centered on the themes of smart cities, digital governance and supply chain.

The hackathon will challenge participants to envision a blockchain-driven India, focusing on smart mobility, energy credits and trade, decentralized waste management, secure digital identity and certificate management, efficient and transparent vaccine distribution, and farm supplies and supply chain management. The winners will be rewarded with a prize of Rs 3 lakh, with the total prize pool for the hackathon set at Rs 6 lakh. Participants can participate in the competition individually or in a team of up to four members.

“We are now ready for the next major technological leap, building a blockchain-driven India. We partnered with CoinSwitch for a first-of-its-kind blockchain hackathon and sowed the seeds for India’s future in Bengaluru,” said Tejasvi Surya, Bangalore MP. South.

“Blockchain hackathon, ‘Building Future Cities’ is our effort to kick-start an innovation cycle in India for India, by equipping and activating India’s strong pool of developers and innovators. At CoinSwitch we have always believed that India will be the start of a Web3 “Hackathon is a step towards achieving this goal. I am excited to see what the young and smart minds in India bring to the table,” said Ashish Singhal, co-founder and CEO, CoinSwitch.

Ashish Singhal, Govind Soni and Vimal Sagar Tiwari founded CoinSwitch in 2017, and top-tier investors such as Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm and Coinbase Ventures have supported the company.