UAE’s Social Ministry to Grant $16K in Blockchain Contest
Thursday, 10 10 2019, Category: Technology, Country: U.A.E
The United Arab Emirates’ Ministry of Community Development (MOCD) will host a competition for developing blockchain software in the social sector.
The MOCD announced its “Social Blockathon” competition with a total prize fund of $16,300 to encourage the development of blockchain-based applications for educational, social and recreational purposes, the country’s official news agency, Emirates News Agency, reported on Oct. 6.
According to the report, the contest submissions are open till Feb. 20, 2020, with the Blockathon inviting programmers, graphic and interface designers to compete in building blockchain software in the areas of awareness and social care. The contest was announced by the MOCD during GITEX Technology Week held at the Dubai World Trade Center from Oct. 6 to Oct. 10.
According to the report, the MOCD will reward the contest winners in UAE's fiat currency, the dirham (AED), granting the first-place winner 30,000 AED ($8,200), while the second and third places will receive 20,000 AED ($5,400) and 10,000 AED ($2,700) respectively. The winners will be announced during the UAE Innovation Month in February 2020.