Porsche Invites Startups For €25,000 Blockchain Disruption Contest
German automaker Porsche is seeking founders and startups in the blockchain industry to participate in a contest as it seeks to explore blockchain solutions for the company. Announced this month, the Porsche Innovation Contest is luring developers and startups in the blockchain space with prize money and possible participation in an accelerator program. It is the first clear indicator of the sports car manufacturer’s interest in the innovative technology. Notably, the path taken by the auto manufacturer is to engage startups in the industry rather than the path taken by other industry....
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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....
Financial technology startups in India are welcoming a contest to find financial technology solutions announced by the Reserve Bank of India (RBI), according to Business Standard, an Indian newspaper. The purpose of the competition is to develop technologies that reduce transaction costs, prevent financial fraud and develop India’s e-commerce infrastructure. The bank’s Institute for Development and Research in Banking Technology (DRBT), which is organizing the contest, invites groups, individuals and startups to participate. The contest will reward participants with a small cash prize and....
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, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products. Porsche Launches NFT-Based Trading Card Platform Fanzone Porsche, the German luxury car brand, is now dabbling in NTF markets. The brand just launched an NFT-based trading card platform called Fanzone, where users will be able to purchase and....
NFTs have been hitting the racetrack this year in full force, and Porsche is the latest brand to hit the road. Our team at Bitcoinist has covered a substantial amount of crypto automotive activity in 2021. In just recent months, we’ve seen the Indy 500’s Bitcoin racecar, Crypto.com’s partnership with Formula 1, and more. Porsche […]