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Smart Dubai reveals Global Blockchain Challenge winners

A grand total of $45,000 was awarded to the three winners

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Smart Dubai Office has announced the results from Dubai's first Global Blockchain Challenge, awarding a total of $45,000 to the winners.

Abraham Cambridge from Sun Exchange was awarded first place winning $20,000. In second place, Mark Balovnev from Educhain won $15,000 and in third place, Scott Austin from Everledger was awarded $10,000.

The winners now have the opportunity to pilot their ideas, which is in line with Dubai's Blockchain Strategy.

Hamsa Warfa from BanQu, Fadwa Mohanna from miCity and Hasan Kurtulus from Copyrobo were also given special recognition for their Blockchain technology ideas.

Dr. Aisha bin Bishr, Director-General of the Smart Dubai Office, congratulated the winners, saying, "The Dubai Blockchain Challenge has engaged with the most innovative start-ups across the globe, to push the boundaries of what is possible when we embrace emerging technologies to improve lives."

The startups were short-listed and flown to Dubai from 18 cities from 15 countries including Sweden, United Kingdom, South Korea, Netherlands, Canada, Ukraine, Brazil, New Zealand, Vietnam, Belgium, USA, France, UAE, Italy and South Africa.