CoinSwitch will collaborate with Startup Karnataka For Blockchain Hackathon

CoinSwitch, a cryptocurrency investing app, is organising a blockchain hackathon, Building Future Cities, in collaboration with the Karnataka government's Startup Karnataka and Bengaluru South MP Tejasvi Surya, to recognise blockchain-based solutions to everyday problems faced by citizens across the country.

Sequoia India has also announced its support for the hackathon.

The hackathon, centered on the themes of smart city, digital governance, and supply chain, building future cities, aims to kickstart a Web3 innovation cycle tailored and customised for India, according to the statement.
Participants will be asked to imagine a blockchain-powered India, with a focus on smart mobility, energy credits and trading, decentralised waste management, secure digital identity and certificate management, efficient and transparent vaccine distribution, and farm supplies and supply chain management.

The winners will receive Rs 3 lakh, with the total prize pool for the hackathon set at Rs 6 lakh. The competition is open to individuals as well as teams of up to four people, according to the statement.

“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 Karnataka to carry this success story to the next frontier of technology -- the blockchain, and empowers young innovators to utilize the power of blockchain for public good,” said Karnataka’s IT/BT Minister CN Ashwath Narayan.