The UAE Social Ministry grants $ 16Okay to Blockchain competitors


The United Arab Emirates Division of Group Improvement (MOCD) will arrange a contest for the event of blockchain software program within the social sector.

Stimulate blockchain for consciousness and social care

The MOCD introduced the competitors & # 39; Social Blockathon & # 39; with a complete prize cash of $ 16,300 to encourage the event of blockchain-based functions for academic, social and leisure functions, the nation's official information company, Emirates Information Company, reported on October 6.

In response to the report, the competition entries will likely be open till February 20, 2020, with the Blockathon inviting programmers, graphic designers, and interface designers to compete in constructing blockchain consciousness and social care software program. The competitors was introduced by the MOCD throughout GITEX Expertise Week from 6 to 10 October on the Dubai World Commerce Heart.

In response to the report, the MOCD rewards the race winners within the fiat forex of the UAE, the dirham (AED), whereby the first-place winner is awarded 30,000 AED ($ 8,200), whereas second and third place will likely be 20,000 AED ($ 5,400) and 10,000 acquired AED ($ 2,700) respectively. The winners will likely be introduced through the UAE innovation month in February 2020.

Throughout the "Social Blockathon" competitors, members are challenged to develop blockchain-compatible apps inside a restricted time period and aren’t allowed to make use of pre-designed software program and functions, the report reviews.

The MOCD is accountable for the event and implementation of social coverage and laws for social coverage within the UAE. It additionally oversees social welfare establishments and defines sure insurance policies relating to marriage and different elements of life within the Emirates.

Embrace UAE blockchain

The MOCD strives to enhance social improvement within the nation by pursuing the objectives of the Nationwide Improvement Agenda, Emirates Imaginative and prescient 2021, which defines the principle points for social and financial improvement of the UAE and requires a shift in the direction of a diversified and knowledge-based based mostly economic system. In November 2018 the ministry rolled out a proof-of-concept based mostly on the ProximaX Sirius blockchain in an try and implement blockchain initiatives.

In September, the Ministry of Well being and Prevention of the UAE launched a blockchain system for recording and sharing healthcare knowledge. Earlier this yr, the Dubai Land Division, the true property division of the Government Council of Dubai, partnered with UAE-based Mashreq Financial institution to launch a blockchain-based mortgage platform.

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