The challenge received 18 submissions from students, professionals, and enterprises based on the theme, “Web3.0: The Next Vision of the Internet”.

The Singapore Blockchain Innovation Programme (SBIP) announced the winners of its Singapore Blockchain Innovation Challenge 2022, which was launched in November last year. A total of six winners from the Corporate and Enthusiast Tracks were awarded prizes totalling SGD$80,000.

The main event took place at the Metropolitan YMCA and the 10 finalist teams presented their innovative ideas to a panel of industry experts. Among these projects were Treehoppers, a blockchain coupon redemption application that aimed to help merchants with customer acquisition;  and Kreek, a one-stop decentralised cryptocurrency wealth management.

After rigorous discussion by the panel of judges, Team Decent Oracles was deemed the winner of the Corporate Track, along with ICLighthouse and Felt Labs teams being first and second runner-ups. The winning prize  includes a SBIP Gold Membership worth S$30,000 with an additional prize of S$12,000. Team Decent Oracles’ project introduced a Zero-Knowledge MPC-in-the-head service that provides a Proof-of-address ownership in a decentralised manner. This means that users can compute the wallet address without revealing the public key.

On the Enthusiast track, Team Play2Earn’s focus on converting Web2 games into Web3 games with simple package integration earned them first place in the particular category, followed by Kreek and Treehoppers as first and second runner-ups. The winning team aimed to use React JavaScript Application Programming Interfaces (APIs) for the game conversion by including a token waging system.

In partnership with the Infocomm Media Development Authority (IMDA) and SG Women in Tech, Play2Earn’s Product and Communications Manager, Davina Sharmaine Patrick, received a SGD$1,000 award for her in-depth understanding and knowledge of the industry. 

“It is a proud moment for everyone to see our partners and participants working together to unleash their creativity and eagerness to propel Singapore into the era of Web 3.0 and innovation. The world’s future is in the hands of the next generations. We can all be optimistic when our younger generations are committed and passionate about creating a positive impact for all.” said Professor Ooi Beng Chin, Programme Lead at SBIP.

SBIP has partnered with Bybit, Moledao, Beosin, and Amazon Web Services (AWS) to bring the hackathon together, and the team took the opportunity to showcase Verazt, an in-house project launched to ensure the safety, security, and correctness of blockchain smart contracts, which was demonstrated with smart contracts on Ethereum, Solana, and the Hyperledger Fabric blockchain.

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