The startups, BitFury and BTL Group among them, will be working together for six weeks under the guidance of the consulting company as a part of the EY Startup Challenge programme.

The accelerator aims at developing blockchain solutions for digital rights management or energy trading.

The list of participants also includes the provider of analytical solutions for smart contracts Adjoint, the blockchain platform for product tracking and verification BlockVerify, the smart content platform for digital media JAAK and the blockchain platform for automation of invoice processing Tallysticks.

The programme launches on 12 September. Each startup is to design and build its own blockchain solution to demonstrate a working version by 20 October. The accelerator will take place in an innovation hub at Canary Wharf, London.

“We are hugely excited to explore together with these six startup businesses how blockchain can be used to transform digital rights management and energy trading. These two key areas are ripe for change and we believe blockchain has the potential to bring about notable enhancements in productivity and transparency,” the press release quotes founder and lead of the EY Startup Challenge Jamie Qiu.

According to the EY’s press release, the participants will closely cooperate with the company’s instructors and clients. All the solutions and prototypes built during the accelerator and selected as the best will be probably further developed into pilot projects.

Elena Platonova