‘Building Future Cities,’ a blockchain hackathon jointly organized by Startup Karnataka, Bengaluru South MP Tejasvi Surya, and CoinSwitch concluded in Bengaluru on August 6, 2022. The 24-hour hackathon received more than 2,000 registrations, with about 150 teams fighting it out to present the best blockchain-based solutions to urban issues.
Blockchain-powered solutions to urban issues
TownSquare—a team that ideated and developed a blockchain-powered platform to address community issues—emerged the winner. TownSquare focuses on identifying civic issues and help citizens vote on issues that need solutions.
Marvelous, a project that plans to leverage blockchain to bring more transparency to the real-estate sector came second, while Tautotree, a project meant to improve the state of urban forestry, was declared the second runner-up.
“It was inspiring to see young developers from different parts of the country develop blockchain solutions that address the real-world problems of Indians. At CoinSwitch, we believe this hackathon will kickstart a new innovation cycle that will lead us to a blockchain-powered India,” said Vimal Sagar Tiwari, co-founder and COO, CoinSwitch.
The 24-hour hackathon saw three other finalists, including he_Turing (a contribution acknowledgment project), Finoverse (a permissioned ecosystem for setting up an audit trail), and Naaleba (a transparent workflow between government officials and citizens using digital identities).
Giving away the awards, Tejasvi Surya said, “For any country to progress, to be a superpower in the true sense, investing in foundational technologies and investing in emerging technologies is a non-negotiable policy requisite.”
The hackathon, which had a prize pool of ₹6 lakh, focused on the futuristic side of blockchain implementation across India. Apart from the award-winning technologies, the event also discussed decentralization in areas such as energy credits, waste management, and vaccine distribution.