AlgoBharat Continues Road to Impact Momentum, Bringing its $10,000 Blockchain Innovation Challenge to Hyderabad

Igniting Transformative Innovation in India’s Blockchain Landscape

AlgoBharat, the trailblazer of blockchain innovation in India proudly announces the final stop on its Road to Impact. Landing in Hyderabad at T-Hub,  one of the world’s premiere technology incubators,  the event attracted blockchain enthusiasts and solution architects from across the region looking to harness the power of blockchain technology for India’s growth.

The gathering highlighted the remarkable talent within India’s blockchain community and exemplified the potential of blockchain to drive solutions with real world utility. Across the various Indian cities that it has travelled, this journey which culminates in the Creating Impact! Pitch Competition brought the Algorand developer relations team together with hundreds of enthusiastic Web3 teams presented their ideas.

Led by Algorand Foundation’s Dr. Nikhil Varma, Ryan Fox and Joe Polny, the blockchain experts led workshops and one-on-one technical office hours to help shape and guide developers building blockchain solutions that advance the goals of financial inclusion, sustainability and social equity in today’s BHARAT.

Akash Mallareddy, AlgoBharat Telangana Ambassador, said, “Web3 and Blockchain technology are gaining rapid momentum in the city of Hyderabad. Our partnership with T-Hub has helped us push the needle further in terms of awareness and adoption. Creating Impact! Pitch Competition conducted at T-Hub on 25th Aug was a huge success. We saw great participation from students, startups and companies building use-cases in industries like entertainment, agriculture, finance amongst others. We look forward to unleashing the next leg of growth for Blockchain and Web3 in India.”

Anil Kakani- VP and India country head at Algorand Foundation, said, “The developers we are meeting and the solutions they are building are strong signs that India is at the epicenter of blockchain innovation. And I love that our AlgoBharat Road to Impact this past week coincided with India’s historic landing of Chandrayaan-3 on the south pole of the moon. You can see the inspiration in the eyes of these young developers – the confidence that we can overcome anything and accomplish whatever we put our minds to! These developers are building Web3 solutions that are helping farmers in Telangana restore the nutrients in their soil, that bring carbon credits to women in rural Gujarat, that allow artisans in Assam prove the authenticity of their work, that empower large Indian corporates to be more sustainable in managing their supply chain. These are game changing solutions for India.”

Teams that advance to the next round of the competition will receive valuable mentorship, guidance, and technical support to build their Web3 solutions. This personalised attention underscores AlgoBharat’s commitment to nurturing and empowering the next generation of innovators.

In early November, 10 teams will be selected by a panel of judges to compete for exciting prizes by pitching their impactful solutions at the Algorand Impact Summit. The best project will be awarded the grand prize of US$10,000 (approx 8.25 Lakhs) and 2,000 ALGO credits for Mainnet deployment support. The runner up will be awarded US$7,500 along with 1,500 ALGO credits and the third place winner will be given US$5,000 along with 1,000 ALGO credits.

The AlgoBharat Road to Impact journey will ultimately converge at the Algorand Impact Summit, which will convene policy officials, builders, investors, executives, and other thought leaders from India and around the world on November 30 and December 1 in India’s capital city. This trail is designed to engage the Web3 community, showcasing the transformative potential of blockchain-based solutions. AlgoBharat ambassadors stationed in various cities including Delhi, Pune, Mumbai, Ahmedabad, Guwahati, Kolkata, Hyderabad, and Bengaluru, will host meetups across India to further amplify collaboration and support.

About AlgoBharat’s Road to Impact:

The AlgoBharat Road to Impact is a groundbreaking journey that transcends the boundaries of traditional hackathons and meetups. It’s a movement aimed at fostering collaboration, igniting innovation, and creating transformative impact across India. The AlgoBharat Road to Impact envisions a collective mission to drive positive change through blockchain solutions, tailored for India’s unique needs on its path to becoming a developed nation by 2047. This ongoing engagement aims to harness the power of blockchain innovation to drive meaningful change and contribute to India’s digital evolution.