Etherisc & Win BlockchainHub Graz’ Blockchain Startup Contest

Etherisc & Win BlockchainHub Graz’ Blockchain Startup Contest

The BlockchainHub Graz recently conducted a Blockchain Startup Contest, which two startups and Etherisc emerge as winners.

Blockchain technology is making inroads to all aspects of technology. Be it fintech, digital rights management, supply chain management or manufacturing, you name it and blockchain can offer a solution. In order to encourage development and adoption of distributed ledger technology, BlockchainHub Graz recently conducted a Blockchain Startup Contest.

The contest which concluded on November 28, 2016, saw two startups — and Etherisc emerge as winners. The event attracted over 80 applications from 29 different countries. After putting them through a review and filtering process, the organizers of Blockchain Startup Contest shortlisted 20 startups for the final round. The final round required the selected startups to pitch their business and answer a live Q&A session before the winning teams could be declared by the jury panel.

BlockchainHub Graz’ co-founder, Thomas Zeinzinger spoke about the success of their Blockchain Startup Contest saying,

We were amazed by the amount, diversity and quality of the 80 applications received from 29 countries. Most projects share not only the Blockchain as a technical foundation but also the common goal to make the world a better place.

According to the organizers, the jury panel was comprised of eight thought leaders from the cryptocurrency and blockchain domain. They evaluated the applicants based on their business idea, business model, market timing, potential social impact, team and execution of the business idea.

The unique cryptocurrency technology based solutions offered by both the platforms were appreciated by the jury members. is the first platform to offer all the goodness of blockchain technology on mobile platforms.’s open source project is a combination of messaging application, wallet service and decentralized applications browser for Android and iOS powered devices. Being still under development, users can soon expect the platform to release developer tools in the coming months.

Similarly, the Etherisc platform offers decentralized insurance services on the blockchain. One of the simple use cases of Etherisc involves travel. By using Etherisc, flyers can receive payouts if their flights get delayed or canceled.  The huge technology and market potentials of both and Etherisc has earned each of them a prize of EUR 15,000 equivalent in ether.

By receiving the much necessary validation, Etherisc and have already passed a test, in turn increasing the expectations of the cryptocurrency community. It is just a matter of time before people start adopting them in large scale.

BlockchainHub Graz:

Related News

Status and Etherisc Bag Top Positions at Blockchain Startup Contest

The contest, conceptualized by the BlockchainHub Graz, saw participation by contestants from over 29 different countries. Status and Etherisc were announced winners at the recently concluded Blockchain Startup Contest. The contest, conceptualized by the BlockchainHub Graz, saw participation by contestants from over 29 different countries. The contestants showcased a variety of blockchain use cases. Only 20 out of the 80 participants, made it to the finals where they were judged by their pitch and live Q&A session. Impressing the jury panel of eight thought leaders from within the....

Ether and Bitcoin in Winnings for Blockchain Startup Contest Winners

Graz-based Blockchain Startup Contest has announced the names of the five winners from nearly 80 blockchain-focused startups from 29 different countries. According to a report from Erste Group, the main sponsor of the contest alongside Steiermärkische Sparkasse and Energie Steiermark, representatives from the top 20 entries were invited to present their projects at a demo day on Monday, November 28. An international jury of five blockchain experts then awarded two 1st and three 2nd places. The two winning spots went to German competitor Etherisc, who are working on a decentralized....

Austria's Erste Bank Awards Ethereum Projects in Startup Contest

Austrian bank Erste Bank sponsored a blockchain startup contest, awarding the team sbehind two ethereum-focused projects. The two winning projects were Etherisc, an automated insurance tool, and Status, a mobile-based browser that combines support for payments and and decentralized applications. Each team received €5,000, paid in ether. Three additional submissions, out of dozens submitted from 29 countries worldwide, received prizes in bitcoin worth €1,670. These were Bernstein (anonymous documentation tool), Minebox (decentralized cloud support) and Helperbit (decentralized insurance and....

Dubai Innovation Office Seeking Startups for $20k Blockchain Contest

Dubai’s government is on the hunt for startups to take part in a new blockchain contest, offering prizes of up to $20,000 for the winning projects. The competition, dubbed the SDO Blockchain Challenge, was announced late last month by the Smart Dubai Office (SDO), in conjunction with US-based startup incubator 1776. In a statement, SDO director general Dr Aisha Bin Bishr said her office hopes to use the contest to identify companies with solutions that could have an impact on Dubai’s plans for modernization. She said of the initiative: “Our partnership with 1776 on the Blockchain Challenge....

Porsche Startup Contest Appeals To “Blockchain-Focused” CEOs

Porsche has announced it will host its first ever Blockchain competition for startups in the form of the Porsche Innovation Contest. The event, which the company says is specifically geared to “founders focusing on blockchain technology,” is open for applications until May 15. A release about the contest states the following about the German car giant’s initial foray into the Blockchain startup world: “Porsche aims to obtain external input on the disruptive potential of the blockchain transaction system by collaborating with the start-up scene. The central question is to what extent the....