TECOM Group’s in5 announces blockchain hackathon
A 27-hour ‘Blockchain Challenge’ to take place at the end of the month
A 27-hour blockchain hackathon will take place at the end of the month at in5, a startup incubator founded by TECOM Group, will run from 27 to 28 September at Dubai Internet City.
The ‘Blockchain Challenge’ hackathon is sponsored by Oracle, and is in line with the Dubai Blockchain Strategy that seeks to transform 50% of government transactions by 2020 to run on blockchain.
“The in5 Blockchain Challenge Hackathon is a great opportunity for tech entrepreneurs to showcase the real-life implementation of blockchain. We will further extend our support to this initiative by offering the first three winners an opportunity to join the Oracle Startup Program to further develop their prototypes with Oracle Blockchain Cloud," said Joy John, cloud platform leader, Middle East and Africa, Oracle.
Deloitte’s Global Blockchain Survey 2019 revealed continued strong investment of US$5 million or more in new Blockchain initiatives over the next 12 months. Furthermore, 53% of the survey respondents said that blockchain technology has become a critical priority for their organisation in 2019.
Participants of the Blockchain Challenge will be challenged to build and present functioning prototypes in teams, leveraging blockchain technology. Teams that successfully solve the real-time challenge stand a chance to win prizes.
Launched by TECOM Group to foster innovation and entrepreneurship in Dubai and the wider region, in5 facilitates the process of starting and growing start-ups through its incubation programme by providing business set up, creative workspaces, mentorship, training and workshops, as well as access to investors. The incubator also has a membership programme open to students, freelancers, professionals and entrepreneurs providing access to in5 innovation centres and various benefits.