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Smart Dubai announced the launch
of the third round of the Global Blockchain Challenge.
The challenge, which takes place in partnership with Dubai
Future Accelerators, aims to find startups with new ideas to help Dubai become one
completely "blockchain-powered" city by 2020.
The competition brings the finalists of the startups in Dubai, to participate
in a five-day program in April. The teams will take part in a field race held
as part of the Future Blockchain Summit, with the goal of finding solutions to contribute
to implement the Dubai Blockchain Strategy 2020.
The winning team will receive a prize of $ 20,000, with
$ 15,000 for second place and $ 10,000 for third.
The competition will be held at the Future Blockchain
Summit, to be held on 2-3 April 2019, at the World Trade Center in Dubai, where
the teams selected in the preliminary stages will be invited to come to Dubai
and start training with DFA before the final Blockchain Challenge
Presentation and award ceremony. Previously, in May 2018, Future Blockchain
The Summit attracted 8,143 participants, over 140 speakers and over 130 start-ups
and entrepreneurs from 130 countries.
His Excellency Dr Aisha Bint Butti Bin Bishr, Director
General of Smart Dubai, said: "Dubai has established itself, and in the record
time, as a global destination for innovators and entrepreneurs in the
Blockchain industry. Driven by the vision of our leadership, the emirate has
become synonymous with cutting-edge technology and courageous use
to create an advanced, connected and seamless urban experience
residents and visitors. "
"To build a truly intelligent city," he continued, "we must
establish and strengthen a holistic Blockchain ecosystem. This includes construction
the advanced technology infrastructure to thrive, but also and maybe
even more important, to attract talented and ambitious individuals and start-ups
and empower them to implement their innovations – and this is the essence of
the Blockchain Challenge, which now holds its third installment. "
Dr Aisha added: "Competition allows us to obtain a high source
qualified people with innovative and ambitious ideas and bring them to
Dubai where they can pilot their projects to channel Blockchain technology
to address people's needs and improve their lives. Build this
the ecosystem is a catalyst for the Dubai Paperless Strategy and the transition to
a paperless government by 2021, in addition to a fundamental requirement for
successfully implementing the Blockchain Strategy of Dubai, launched by His
Height Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, crown prince of
Dubai and President of the Executive Council of Dubai, in October 2016. "
The Dubai Blockchain strategy revolves around three main ones
pillars: first, increase the efficiency of the government by transferring all applicable measures
government transactions to the Blockchain network; secondly, creating a
blockchain industry and ecosystem; and finally, guiding the thought and
advancement of Blockchain technology worldwide. The Blockchain challenge
will contribute to the pillar of the creation of the strategy industry by identifying the
More innovative Blockchain ideas from start-ups all over the world and bringing
them in Dubai.
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