The event aims to attract the nation’s best minds to bring blockchain innovation to life with this upcoming hackathon.

The Singapore Blockchain Innovation Programme (SBIP), an initiative supported by the Infocomm Media Development Authority (IMDA) and the National Research Foundation (NRF), has announced the launch of the Singapore Blockchain Innovation Challenge 2022.

The event aims to unleash innovation and creativity to redefine Web3.0 by testing and challenging the next generation of blockchain leaders. The hackathon is organised to encourage the adoption of blockchain technology in industries beyond finance and help Singaporean businesses be globally connected and competitive.

Themed “Web3.0: The Next Vision of the Internet”, the hackathon tests participants’ proposed
Web3.0 solutions with blockchain as the underlying technology stack. Applications are now
open until 9 January 2023, and the prizes will be awarded at the closing ceremony on 13
January 2023.

“Web3.0, also known as the third generation of the Internet, is widely heralded as the next big
technological advancement. It will have a major impact on decentralised applications through
the use of blockchain, artificial intelligence, and machine learning, empowering more intelligent
and adaptive applications,” shared Professor Ooi Beng Chin, Programme Lead at SBIP. “While
Web3.0 is still in its stage of infancy, there is the potential to innovate and create solutions and
methods to define and develop its technology.”

The Singapore Blockchain Innovation Challenge 2022 is open to students, professionals, and enterprises across the country who can bring their blockchain innovation to life. Three finalists will be selected respectively from the Corporate Track and the Enthusiasts Track based on Originality, Business Value & Relevancy, Innovation & Creativity, Operational Feasibility & Scalability, and Quality of Pitch Delivery. The total prize pool of S$80,000 will be distributed among the six winners based on their overall performance. 

Additionally, SBIP has partnered with IMDA and SG Women in Tech to provide special prizes for
promising female participants to encourage more Singaporean women to pursue tech entrepreneurship.

Dr Ho Nhut Minh of Automata, the team that won second place in the Singapore Blockchain Innovation Challenge 2021, decided to join the SBIP team as a Research Fellow following his
team’s second-place finish. “I have learned a lot about recent trends and developments in
blockchains through the hackathon. The two-week adventure had encouraged me to become a blockchain researcher focusing on security and interoperability”, shared Dr Minh. “Currently, I
am working on one of the key projects in SBIP, called Verazt which aims to develop technologies for smart contract verification.”

This year, participants will have a chance to show off their blockchain knowledge and expertise
at the Singapore Blockchain Innovation Challenge and accelerate their solutions’ growth and

Interested participants can register their teams for the Challenge before 9 January 2023 here.

Like our content? Support us by subscribing or signing up!

We like talking about crypto, and we want to keep our site going so that we can share more crypto content with you. Support us by signing up via our links or by subscribing to our social media below. Thank you!

Leave a Reply

Your email address will not be published. Required fields are marked *