in5 announces winners of 2nd Blockchain Challenge Hack-a-thon
Cross-country attestation and verification blockchain platform emerges tops
Team Apostille has won the second edition of the in5 Blockchain Challenge Hack-a-thon with a blockchain cross-country attestation and verification platform.
Team Salama was placed second with its solution to limit counterfeiting and theft of medicines, while Team t45 won the third place for its microlending peer-to-peer app that encourages small-scale investment through blockchain technology.
in5, a startup incubator founded by TECOM Group, invited participants to develop prototypes for solutions to challenges facing enterprises by leveraging blockchain technology.
This year’s Blockchain Challenge Hack-a-thon, sponsored by Oracle, strategic partner Dubai Internet City and enterprise partner Emirates NBD, received over 70 entries from tech enthusiasts and digital natives across the region.
The 27-hour competition saw participants tackle the challenge of building a secure blockchain-based solution to speed up data transfer between companies with the goal of reducing time associated with paperwork and creating a more customer-centric experience.
The competition criteria revolved around innovation, working proof of concept, user interface and presentation. The winners received in-kind and cash prizes from in5 and Oracle.
Ammar Al Malik, managing director of Dubai Internet City (DIC), said: “This competition is one of the many platforms we regularly introduce to enable tech entrepreneurs to connect with large multinational tech companies, and aligns with our strategy to develop the region’s most advanced tech ecosystem for both talent and companies.
“Organised in line with the UAE Blockchain Strategy, the in5 Blockchain Challenge Hack-a-thon proved once again that our local tech ecosystem is brimming with top talent and supporters that are ready to apply innovative ideas and create disruptive solutions. We congratulate the winners on their well-deserved success and commend our partners for supporting home-grown innovation.”