Business Standard

Event management

- BS REPORTER & PTI

Monday is the last day of the blockchain summit and hackathon at IIT-Delhi. The event started on Saturday and continued over the weekend. It was planned as a chain of events in the run-up to the Global Entreprene­urship Summit in Hyderabad at the end of the month. Sponsored by the NITI Aayog, along with Proffer, a blockchain start-up founded by graduates of MIT and Harvard, the objective was to explore how blockchain architectu­res can enable a new digital infrastruc­ture for India, improve efficiency, transparen­cy, privacy, and cost across all sectors. About 1,500 students from the IITs, MIT, Harvard, Berkeley, and the top engineerin­g institutio­ns from across the world are participat­ing, with 500 attending in person at the IIT-Delhi campus. Microsoft, IBM, Accel, Coinbase, and Amazon AWS have sponsored $17,000 in prizes to reward the top five blockchain-based applicatio­ns addressing problems in government/enterprise infrastruc­ture, finance, energy markets, supply chain, decentrali­sed Aadhaar identities, informatio­n exchange, etc.

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