Dubai launched a city-wide Blockchain Strategy in October 2016 with the aim of becoming the first blockchain-powered city by 2020. Smart Dubai Office (SDO) and 1776 are looking for game-changing applications of blockchain technology in any industry. Blockchain has the potential to improve people’s lives, and Dubai is posed to be a leader in moving such applications forward.
The Dubai Blockchain strategy is based on three pillars.
1. Government Efficiency: Implementing blockchain technology in government services
2. Industry Creation: Supporting the creation of a blockchain industry through empowering startups and businesses
3. Thought Leadership: Leading the global thinking on blockchain technology
The Smart Dubai Office Blockchain Challenge supports the second pillar, Industry Creation, and aims to discover the most innovative blockchain startup ideas from around the world.
20 global blockchain startups will be competing at the Blockchain Challenge.
The three top winners of the SDO Blockchain Challenge will receive the following prizes:
First Place $20,000 USD
Second Place $15,000 USD
Third Place $10,000 USD