Blockchain Competition Attracts Applicants from over 25 Countries Worldwide

This fall, there is going to be worldwide attention focused on Crypto Valley.

The Blockchain Competition, initiated by two of the Crypto Valley Association’s founding members – Lakeside Partners and inacta – has collected over 90 entries from teams and startups spread across more than 25 countries worldwide. The Competition is a first-of-its-kind startup contest for blockchain teams working on insurance applications and offers a cash prize of $100 000 (no strings attached).

From Russia to Uruguay, from Singapore to Spain, the list of contestants vying to claim the top prize and come to Zug knows no borders. The Top 3 teams – including the winner of the cash prize – will be announced in a special Award Show on 22 Nov in Zug’s Theatre Casino.

The applications which have been received so far, include both established startups and teams formed specifically for the purpose of applying to the Competition. The majority of entries have come from European countries and North America. Submissions from Africa (2) as well as India (3), not to mention the UAE and Uruguay, can attest to the potential that blockchain holds for developing countries.

With this many applications having come in from around the world, there will be even more attention focused on the growing blockchain ecosystem in Switzerland.

Mathias Ruch, Managing Partner of Lakeside Partners sees both positives and negatives in the wide range of international applicants – “It’s awesome to see ideas popping up from all over the world. We already knew that Switzerland and Crypto Valley are the top spots for blockchain startups and this confirms it. But now our Jury will have a difficult task narrowing things down. It’s too bad we can’t take them all and give them a home here!”

That task will likely get even more difficult. The Blockchain Competition will continue to accept late applications until 22 September, increasing the pool of potential winners.

For those interested in getting a sneak peak at some of the Competition’s applications, there is the “Building Blocks” Interview Series with  the first edition featuring ZirconTech from Uruguay.

 

Tickets for the Blockchain Competition Award Show are available here.