Startup Challenges 2017-10-13T10:10:12+00:00

STARTUPS, READY TO SHOW THE INDUSTRY WHAT YOU’VE BEEN COOKING UP WITH BLOCKCHAIN?

We know startups are behind some of the brightest, most forward-thinking ideas in fintech today. Below we’ve shared several use cases. Chosen applicants are invited to attend the Business Blockchain Conference 2017 in Vizag and compete for the opportunity to win awards for each of the blockchain use cases below along with seed grants from the government.

Startup Challenges: Why Should You Participate?

  • An opportunity for a paid pilot at the sponsoring enterprise
  • Seed grant of INR 5 lakhs
Fullerton Supply Chain Finance Challenge

Executing domestic supply chain finance operations through Blockchain technology.

Awards :

  • 1st Prize – INR 5 Lakhs seed grant from the government
  • 2nd Prize – INR 2 Lakhs

Description: The complexity and scale of existing supply chain finance solutions has posed major challenges in ensuring adequate funding and efficient operations. We need to explore Blockchain technology to execute the financial transactions and processes in supply chain finance. The solutions should be able to handle all transactions and activities for customers and financial institutions. This will bring efficiency and transparency in executing supply chain operations.

APPLY
DOWNLOAD PDF
IDFC Bank International Remittance Challenge

International remittances executed over Blockchain

Awards :

  • 1st Prize – INR 5 Lakhs seed grant from the government
  • 2nd Prize – INR 2 Lakhs

Description: International remittance is very time consuming process as it goes through multiple banks which undertake reconciliation processes for transfer among them. The process is expensive for the banks, exchange companies and central banks which act as intermediaries. Customers have to pay very high commission charges. We need a Blockchain based solution for person to person remittance transfer though unregulated but through a trustworthy and robust system which reduces the cost of operation and commission charges.

APPLY
DOWNLOAD PDF
Fintech Valley Government Business Process Challenge

Implementing Blockchain for business processes

Awards :

  • 1st Prize – INR 5 Lakhs seed grant from the government
  • 2nd Prize – INR 2 Lakhs

Description: Blockchain solutions are being developed and implemented for many business processes across industries. We need Blockchain solutions for increasing efficiency, bringing ease of operations and transparency for all stakeholders in the system. The solutions can address any process in any industry. Solution’s applicability to multiple areas and processes will help in identifying possible uses for the government and the businesses.

APPLY
DOWNLOAD PDF