SA govt launches blockchain challenge to spur industry
Offers $100,000 prize pool to entrepreneurs.
The South Australian government is hoping to forge its position as Australia’s “blockchain capital” through a new $100,000 challenge for entrepreneurs.
On Wednesday it launched the blockchain innovation challenge, inviting South Australian residents (or those willing to relocate) to pitch ideas that solve problems using blockchain.
The government hopes to use the competition as a means to attract blockchain enterprises and make the state as Australia’s “blockchain capital”.
“The South Australian Government recognises this potential and is working to create the right environment for blockchain enterprises to thrive,” it said.
It is calling for “well-thought out projects” that hold the promise of benefiting the state by improving “operational efficiency, enable business model innovation, or influence how businesses, government and society interact”.
Ideas that “push the boundaries of blockchain” will be reviewed by an expert judging panel, with finalists to be invited to have their ideas further developed through an incubation period in March 2019.
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