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


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Blockchain Enables Verification of COVID-19 Immunity
    Given the virus is not going to disappear in a hurry and we are some time away from vaccinating the ...

    November 21, 2020

    Illicit Cryptocurrency Activity: A Concern
    Market regulators such as SEC has accepted cryptocurrencies as a financial instrument and are consta...

    November 20, 2020

    IBM Using Blockchain to Help Businesses Reopen during COVID-19
    IBM’s healthcare unit, IBM Watson recently announced that they will soon be launching an app to supp...

    November 20, 2020

    Canadian Pacific Railway Collaborates with TradeLens
    Canadian Pacific Railway recently collaborated with TradeLens in a bid to improve its efficacy as an...

    November 19, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us