CoinSwitch will partner with startup Karnataka to host the Blockchain Hackathon
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CoinSwitch, a crypto-investment app, is organizing a blockchain hackathon, entitled ‘Building Future Cities’, in collaboration with Startup Karnataka, a Karnataka government initiative and Bengaluru South MP Tejasvi Surya, to recognize blockchain-based solutions to the daily problems facing citizens. over the whole country.
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“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 carry this success story to the next frontier of technology, blockchain and gives young innovators the opportunity to harness the power of blockchain for the benefit of the public, “said Dr. Ashwathnarayan, Minister of Higher Education, Skills Development, Entrepreneurship and Livelihood of the Karnataka Government, in a statement.
According to a statement, 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, farm suppliers and supply chain management.
The winners will be rewarded with a prize of INR 3 lakh and the total prize for the hackathon is INR 6 lakh. Participants can participate in the competition individually or in a team of up to 4 members. Centered on the themes of smart city, digital governance and supply chain, construction of future cities, hackathon aims to kickstart a web3 innovation cycle tailored and adapted to India. The hackathon is also supported by Sequoia India, the statement added.
Tejasvi Surya, MP, expressing his views on the hackathon, said in a statement that “We are now ready for the next major technological leap, to build a blockchain-driven India. I am pleased to partner with CoinSwitch for a first-of-its-kind its type of blockchain hackathon and saw the seeds of India’s future in Bengaluru. ”
Ashish Singhal, co-founder and CEO of CoinSwitch, said in a statement, “Blockchain is a powerful technology that will transform every facet of our lives. Building Future Cities blockchain hackathon is our effort to kickstart an innovation cycle in India for India, by equip and enable India’s strong pool of developers and innovators.At CoinSwitch we have always believed that India will be the launch of a web3 world.Hackathon is a step towards realizing this goal.I am excited to see what India’s young and smart head brings to the table. ”
CoinSwitch is a secure, user-friendly platform for Indian users, where they can buy more than 100 cryptocurrencies such as Bitcoin, Ethereum, Ripple and so on, with a variety of payment options on offer. Users can access the total liquidity of the leading stock exchanges in India to get the best price and trade instantly, after completing the KYC / AML procedures, according to the company’s website.
