January 2017

Smart Dubai Office and 1776 Partner to Launch First Blockchain Challenge in Dubai

The Smart Dubai Office Blockchain Challenge seeks game-changing, cross-industry applications of blockchain technology.

Dubai, UAE — The Smart Dubai Office (SDO), in partnership with global innovation network 1776, announced a new startup pitch competition called the Blockchain Challenge as a key implementation of Dubai’s Blockchain Strategy 2020. This competition further strengthens the collaboration between the two organizations following the December 2016 strategic partnership announcement, whereby SDO joined the global 1776 Innovation Council.

“Dubai is in the midst of an ambitious, citywide transformation powered by smart technology. Our partnership with 1776 on the Blockchain Challenge allows us to identify strong startup partners and innovative thinkers who can bring to market cutting-edge solutions that will deliver the future city our stakeholders want and expect.” said H.E. Dr. Aisha Bin Bishr, Director General, Smart Dubai Office.

The Dubai Blockchain Strategy aims for Dubai to become the first blockchain-powered city by 2020. It is based on three pillars that center on implementing blockchain technology in government services, supporting the creation of a blockchain industry through empowering startups and businesses, and leading global thinking on blockchain technology. The Smart Dubai Office Blockchain Challenge will contribute to the strategy’s industry creation pillar by identifying the most innovative blockchain ideas from startups around the world and bringing them to Dubai to deliver efficient, seamless, safe and impactful city experiences for residents and visitors alike.

Also commenting on the the Blockchain Challenge, 1776’s cofounder and CEO Evan Burfield said, "Blockchain fuels new ideas for how startups can innovate across industries, and we will tap into our expansive, global network of over 3,000 startups that have participated in the annual 1776 Challenge Cup, as well as our network of elite incubators and accelerators in more than 40 cities around the world to make the first Smart Dubai Office Blockchain Challenge a true success."

Finalists of the Blockchain Challenge will travel to Dubai to participate in a two-day program including a pitch competition in May to an audience of investors, experts, private and public institutions. Three winners will be chosen among the finalists to receive first, second, and third place prize money of USD 20,000; USD 15,000; and USD 10,000 respectively, and the opportunity to implement their product or service in Dubai.

For more information on the Smart Dubai Office Blockchain Challenge, please visit the website: https://www.1776.vc/sdo-blockchain-challenge/