CoinSwitch, India’s leading Crypto investing app, in association with Startup Karnataka, a Karnataka Government initiative, and Tejasvi Surya, Member of Parliament (Bangalore South), is organizing a blockchain hackathon, Building Future Cities, to recognize and stimulate blockchain-based solutions to everyday problems faced by India’s 1.2 billion people. The hackathon is also supported by Sequoia India.

Centered around the themes of Smart City, Digital Governance, and Supply Chain, Building Future Cities aims to kickstart a Web3 innovation cycle tailored and customized for India.

The hackathon will challenge participants to envision a blockchain-powered India, with a focus on smart mobility, energy credits and trading, 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 money of Rs 3 lakh, with the total prize pool of the hackathon set at Rs 6 lakh. Participants can enter the competition individually or in a team of up to 4 members.

“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 to Karnataka to carry this success story to the next frontier of technology—blockchain—and empowers young innovators to utilize the power of blockchain for public good,” said Dr. Ashwathnarayan C. N, Minister for Higher Education; IT & BT, Science & Technology; Skill Development, Entrepreneurship & Livelihood.

“The world is looking up to India. Under the able leadership of Honorable Prime Minister Narendra Modi, India has brought about a digital revolution that has touched every corner of this country. We are now ready for the next big technological leap, to build a blockchain-powered India. I am delighted to partner with CoinSwitch for a first-of-its-kind blockchain hackathon and sow the seeds of India’s future in Bengaluru,” said Tejasvi Surya, Member of Parliament, Bangalore South.

“Blockchain is a powerful technology that will reshape every facet of our life. Building Future Cities blockchain hackathon 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 to realize this goal. I am excited to see what the young and smart minds of India bring to the table,” said Ashish Singhal, Co-Founder and CEO, CoinSwitch.

The hackathon will be held in Bengaluru from August 5 to August 6. Registrations are open at https://skillenza.com/challenge/24-hr-hackathon-by-coinswitch

 

About Startup Karnataka

The Government of Karnataka is proud to be the first state to announce the establishment of a
dedicated Startup Cell! The Karnataka Startup Cell’s aim is to promote Bangalore and Karnataka
as the ultimate startup destination in the World. For more information, visit:
startup.karnataka.gov.in

About Tejasvi Surya

Shri Tejasvi Surya is the Member of Parliament from the Bengaluru South constituency. A lawyer by training and profession he was elected to the Lok Sabha in the 2019 general election. Only 28 years old then, Surya emerged as an important symbol of the youth playing a crucial role in India’s polity, a cornerstone of Prime Minister Narendra Modi’s scheme of things. In 2020, Surya took over as the National President of the BJP’s youth wing, the Bharatiya Janata Yuva Morcha (BJYM).

About CoinSwitch

CoinSwitch is on a mission to Make Money Equal for All. India’s largest Crypto investing app and a Great Place to Work®, CoinSwitch is creating an ecosystem that simplifies Crypto and is trusted by over 18 million registered users. Founded in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari, and backed by blue chip investors including Andreessen Horowitz (a16z), Tiger Global, Sequoia Capital India, Ribbit Capital, Paradigm, and Coinbase Ventures, the company is evolving into a wealth-tech destination for every Indian. For more information, visit: www.coinswitch.co

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