UAE Organizes Blockchain Contest With Total Prizes Worth $16K

Asia Blockchain Review
October 17, 2019
UAE Organizes Blockchain Contest With Total Prizes Worth $16K

The Ministry of Community Development (MOCD) of the United Arab Emirates has pushed for the development of blockchain-based applications, launching the Social Blockathon competition with more than US$16,000 up for grabs.

Blockchain-Enabled Apps for Social Impact

Emirates News Agency reported earlier this month that Social Blockathon is open until February 20th next year to submissions from blockchain app developers, including graphic and interface designers and programmers. Entries must be in the areas of awareness and “social care,” such as education and recreation.

Announced during GITEX Technology Week held at Dubai World Trade Center in October, Blockathon will reward the winner 30,000 AED (US$8,200), the first runner-up 20,000 AED (US$5,400) and the second runner-up 10,000 AED (US$2,700). Winners will be announced at the UAE Innovation Month event in February next year.

Contestants will be required to develop blockchain-enabled apps within a limited period of time. They will not be allowed to use any pre-designed software or applications.

Blockchain Gains Momentum in UAE

The UAE’s national development agenda, Emirates Vision 2021, aims to transform the country into a diversified and knowledge-based economy, setting development guidelines on key topics. The MOCD has been tasked with formulating and implementing social legislation as well as policies on social welfare and other aspects of life, such as recreation and marriage.

In November 2018, the ministry started implementing blockchain initiatives beginning with a project based on the ProximaX Sirius blockchain, after the government announced the Emirates Blockchain Strategy 2021. 

Other government agencies that have launched blockchain-enabled systems include the UAE Ministry of Health and Prevention and the Dubai Land Department.

Source: cointelegraph.com


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