Deloitte and WanXiang Blockchain Labs have have teamed up to launch the first ever $100,000 Shanghai Blockchain Hackathon beginning on January 8th, 2016.

Participants will be divided into several small teams who will have two days to innovate, design and develop their projects. Experts from Ethereum, Deloitte Rubix Team and Wanxiang Blockchain Labs will provide technical support for participants. Each team will have the chance to present their prototype and win part of the 100,000 USD reward!

In an interview by Jacob Donnelly with Yi Qing of Deloitte at Bitcoin Magazine, Qing said:

“Our focus on how technology and going digital are changing the ways we live is globally orchestrated. Deloitte people from the different countries around the world [have] formed a specialized team ‘Deloitte digital’ to understand the impact how digitizations [sic] is changing every industry and ecosystems for each industry, so that we as a firm can help ourselves and our clients to adapt to this environment.” “The Chinese market is not to be missed. And we wish to set a global level playing field here,” said Qing. She explained that Deloitte’s goals are to “educate the market from concept to practical applications; setting up a platform for Blockchain developers cross borders to share coding experiences and ideas; engage engineers and corporate participants to explore Blockchain applications for various industries in real business world.”

Please sign up at this link.

Wangxiang blockchain labs is a frontier research institution focused on blockchain technology . The lab will gather experts in this field to work on technological development, business applications, industrial strategy and other aspects, to provide guidance for entrepreneurs, and to provide reference for the development of the industry and policy making, in order to benefit the society and economy with blockchain technology.

Deloitte – one of the world’s ‘Big Four’ audit firms, has been involved in Blockchain research for over 18 months now. Most of the Blockchain based research is being co-ordinated by a dedicated team of over 100 people based out of various locations. The team, called Deloitte Cryptocurrency Community is responsible for finding potential uses of Blockchain technology in banking and retail businesses. Deloitte also interact with Blockchain based start-ups, retail and banking sectors.The DCC has three mandates: educate Deloitte and its clients on opportunities in the space, investigate how the technology could improve existing services and explore future solutions built on the blockchain.