NSW team wins blockchain hackathon

A team of three NSW companies won a blockchain hackathon in New York last month at the Consensus Blockchain Technology Summit.

The three companies — blockchain incubator Block8, agricultural software company AgriDigital and anti-piracy and content distribution platform provider Veredictum — were in New York as part of a delegation co-sponsored by the NSW Department of Industry and Austrade.

The team was challenged to use blockchain technology to develop applications for ensuring safety in a future world full of autonomous vehicles. The team demonstrated how drones and blockchain technology can gather data on road accidents directly from the road that insurance companies can use to speed up the claims processes.

A panel of judges consisting of representatives from major technology companies including IBM, Microsoft and Deloitte selected the team’s solution as having the highest potential for commercialisation.

The team won a $5000 award and a three-hour consulting session at Deloitte’s Blockchain Lab in Wall Street, New York.

“It’s fantastic to see these three NSW companies — Block8, AgriDigital and Veredictum — demonstrate our state’s expertise in the game-changing area of blockchain technology,” NSW Minister for Trade and Industry Niall Blair said.

“NSW truly is the leading state for start-ups and for business technology solutions as shown when 34 countries came to Sydney to showcase their innovations at CeBIT Australia in May.”

Image credit ©stock.adobe.com/au/D.SERIN

Follow us on Twitter and Facebook