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The hackathon is organized by the Crypto investing app CoinSwitch, in association with ‘Startup Karnataka’, a Karnataka Government initiative, and Tejasvi Surya, Member of Parliament (Bangaluru South). It is also supported by Sequoia India. The hackathon will challenge participants to envision a blockchain-powered India, with a focus on smart mobility, energy credits, and trading, decentralized waste management, secure digital identity, and certificate management, and efficient and transparent vaccine distribution, among others, the organizers said in a statement on Thursday.
The winners will be rewarded with prize money of Rs three lakh, with the total prize pool of the hackathon set at Rs six lakh. Participants can enter the competition individually or in a team of up to four members, it said. ”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 -— blockchain -— and empowers young innovators to utilize the power of blockchain for the public good,” Karnataka IT Minister Ashwath Narayan C N said.