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global professional services provider EY on 27 July 2017 announced the launch of first "EY Hackathon" in India focused on "Blockchain" technology.

The initiative, which aims to engage India's growing technology talent and developer community to address critical issues faced by businesses, will invite ideators, inventors, and developers to collaborate and create marketable solutions leveraging "Blockchain" technology.

The hackathon, which is being organized in association with tech company Zone Startups in Mumbai, will begin on 28 July and conclude on 30 July.

"The rapid advancement of disruptive technologies today presents businesses of all scales with serious digitization challenges and also new opportunities", said Farokh Balsara, Partner & Markets Leader, Ernst & Young India, in a statement.

"The EY Hackathon series will engage the large pool of developers and technology talent in the country in an attempt to develop solutions that can make a difference as we strive to build a better working world".

The participants will be provided with a suite of technology tools and Cloud platform by tech giants IBM and Microsoft to aid their problem-solving process.

"The EY Hackathon on 'Blockchain' is an effort to realize the true potential of 'Blockchain' technology, reimagine the limiting factors and develop applications that can re-shape the contours of our clients' businesses", said Ram Sarvepalli, Partner, and National Leader, Advisory Services, EY India.

As part of the initiative, EY also unveiled its "Blockchain Lab" in New York, aimed at helping financial organizations commercialize the use of the technology.

EY has a similar innovation center in Trivandrum, India, that directs research and innovation in Blockchain apart from other disruptive technologies like the Internet of Things (IoT) and Artificial Intelligence.

News Source: TECH2

Last modified on Tuesday, 26 September 2017