Zone Startups India, BitStreet and Block Chain University are hosting India’s first bitcoin hackathon at the Bombay Stock Exchange in India named “HackCoin Mumbai.” The hackathon will be joined by over a hundred developers looking to build blockchain-based applications for payments, big data and digital experience.
“There are three problem statements – one for each theme,” explained Ajay Ramasubramanian, project head of Zone Startups India. “There are possibilities for the winning outputs to be rolled out into full-scale projects.”
The hackathon is sponsored by Microsoft, IBM and Citruspay, and the executives of these companies will participate in the event as mentors and panelists.
“What we are really excited about is not only that we are the first fintech hackathon in terms of blockchain usage, but also that we are getting a lot of bitcoin experts,” said Raunaq Vaisoha, partner of HackCoin, the facilitator of the event.
Vaisoha added that such an event is important to developers, especially now that large global banks are showing strong interest in blockchain technology and blockchain/bitcoin-based startups.
“This event is very important for the blockchain ecosystem,” Vaisoha said. “If you look at 2014, there was $400 million VC funding in the blockchain. Citibank, Barclays and IBM are looking at it.”