The United Arab Emirates’ Ministry of Community Development (MOCD) will host a contest for growing blockchain software program within the social sector.
Driving blockchain for consciousness and social care
The MOCD introduced its “Social Blockathon” competitors with a complete prize fund of $16,300 to encourage the event of blockchain-based functions for instructional, social and leisure functions, the nation’s official information company, Emirates News Agency, reported on Oct. 6.
According to the report, the competition submissions are open until Feb. 20, 2020, with the Blockathon inviting programmers, graphic and interface designers to compete in constructing blockchain software program within the areas of consciousness and social care. The contest was introduced by the MOCD throughout GITEX Technology Week held on the Dubai World Trade Center from Oct. 6 to Oct. 10.
According to the report, the MOCD will reward the competition winners in UAE’s fiat forex, the dirham (AED), granting the first-place winner 30,000 AED ($8,200), whereas the second and third locations will obtain 20,000 AED ($5,400) and 10,000 AED ($2,700) respectively. The winners shall be introduced through the UAE Innovation Month in February 2020.
Within the “Social Blockathon” competitors, contributors shall be challenged to develop blockchain-enabled apps inside a restricted time period and won’t be allowed to make use of pre-designed software program and functions, the report notes.
The MOCD is answerable for growing and implementing social insurance policies and laws for social insurance policies within the UAE. It additionally oversees social welfare establishments and units sure insurance policies pertaining to marriage and different features of life within the Emirates.
UAE embracing blockchain
The MOCD is in search of to enhance the social improvement within the nation by striving to satisfy targets of the nationwide improvement agenda, Emirates Vision 2021, which units the important thing subjects for the social and financial improvement of the UAE and requires a shift to a diversified and knowledge-based economic system. In November 2019, the ministry rolled out a proof-of-concept based mostly on the ProximaX Sirius blockchain in a transfer to begin implementing blockchain initiatives.
In September, the UAE Ministry of Health and Prevention launched a blockchain system for recording and sharing healthcare information. Earlier this 12 months, the Dubai Land Department, the true property division of the Executive Council of Dubai, partnered with UAE-based Mashreq Bank to launch a blockchain-based mortgage platform.
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