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Status and Etherisc Named Winners of the Blockchain Startup Contest


BlockchainHub has announced Status — an Ethereum mobile client, and Etherisc — a decentralized insurance application as the two main winners of Blockchain Startup Contest. The winning teams received an award of €15,000 each.






The Blockchain Startup Contest saw participation by contestants from over 29 different nations showcasing a variety of blockchain use cases. Out of over 80 applications, 20 teams made it to the finals, to be judged by their pitch and live Q&A session. The jury, made of eight thought leaders from within the industry evaluated these startups based on multiple criteria including business idea, business model, market timing, social impact, team, and execution.

The Blockchain Startup Contest was conceptualized by the BlockchainHub Graz and all prizes were awarded in Ether (ETH) to winners, as a demonstration of the near real-time cross-border payment capability of Ethereum Network.

"We were amazed by the amount, diversity and quality of the 80 applications received from 29 countries. Most projects share not only the Blockchain as a technical foundation but also the common goal to make the world a better place," commented Thomas Zeinzinger, Co-Founder of BlockchainHub Graz.

Zeinzinger continued saying, "We thank everybody for their participation, swift interaction and support to make this a great event and look forward to future co-operations with startups and companies all over the globe."

The co-founder of Status, Carl Bennetts while expressing his appreciation for the Ethereum platform and the Blockchain Startup Contest said, "We couldn't be more excited at the prospect of bringing Ethereum and decentralized technologies directly to the general public. It's pleasing to see initiatives like this one encouraging a transition towards decentralization— they provide a valuable service not only to startups in the industry but also in exposing more established institutions to the potential of blockchains."

Similarly, one of the co-founders of Etherisc — Stephan Karpischek said, "It is hard to overestimate the impact that blockchain will have on the insurance market. We build smart insurance applications on Ethereum. While we knew that we are onto something big here, we now feel humbled to win in such a great competition. This is a great motivation for us to continue with making insurance processes more efficient, transparent and fair."

status.im
fdd.etherisc.com

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Tuesday, December 13th 2016
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