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Santander launches world blockchain problem

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Banco Santander and Oxentia Basis are inviting startups and scaleups from 11 nations to compete in a blockchain problem and the prospect to win money prizes.

Corporations are being invited to enter concepts addressing points comparable to bettering person privateness and safety in blockchain networks, boosting DeFi and tokenisation, and enhancing and increasing digital interactions with customers by way of ideas comparable to Web3 and the metaverse.

The problem is open to firms from Germany, Argentina, Brazil, Chile, the US, Spain, Mexico, Portugal, Poland, the UK and Uruguay.

gamers have till 9 June to apply, after which a panel of consultants will decide 20 finalists to participate in a pitch day at which three successful startups will obtain €10,000 every and three successful scaleups will get €30,000 every.

Corporations will even get entry to Santander X 100, the financial institution’s neighborhood of start-ups, which connects them to recommendation and coaching, capital, prospects, expertise and networking.

Coty de Monteverde, head, crypto and blockchain centre of excellence, Banco Santander, says: “There’s nonetheless a protracted strategy to go earlier than blockchain is definitively put in within the every day life of individuals and corporations, and at Santander Universities we need to give visibility and assist startups and scaleups with modern options in the usage of this expertise.”

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