Binance Chain, the developer-focused branch of Binance exchange, has launched a hackathon and accelerator program in India. The announcement made through a blog post on August 23 revealed that the program is designed to help improve the mass adoption of blockchain in India.
In the announcement, Binance Chain stated that the hackathon and accelerator program was in line with the platform’s vision of ensuring financial sovereignty. When commenting about the program, Binance CEO, Changpeng Zhao, stated,
“India has been one of the most interesting countries Binance has tapped into! We’ve seen entrepreneurs create robust blockchain-based solutions from scratch and scale it. With the second largest blockchain developer base in the world – India has already kickstarted the revolution of decentralization and we’re here to fuel it!”
Details of Build for Bharat
The Build for Bharat hackathon and accelerator program will be rolled out in three cohorts. The first stage, from August 24 to September 11, will involve receiving applications from those in the blockchain space where 100 teams will be shortlisted. Genesis Cohort will be followed by the trial cohort that will be selected from September 12 to September 30, where 20 finalists will be chosen. The final group will be mentored and evaluated from 1st to 31st October.
There’s a pool of 30,000,000+ INR in rewards for the winning startups in the hackathon. The winning teams will also receive acceleration through Polaris and have access to the Binance ecosystem.
Call for applications
Binance Chain has asked cryptopreneurs and those interested in blockchain to send their applications on the event registration website. The scope of those who can apply is comprehensive and includes startups who deal with mini-tokens, blockchain data sets, and
