Ethereum Foundation hosted the first ever Ethereum India Summit featuring Vitalik Buterin Ethereum Inventor at the Blockchain India Week Mumbai 12-18 May 2017 – in partnership with Zero Field Labs, Fintech Storm.
Zero Field Labs recently concluded the Blockchain India Week in Mumbai, in collaboration with Ethereum Foundation and UK based Fintech Storm. The week was packed with interesting events to engage multiple stakeholders – the international hackathon held at IIT Mumbai campus, Buterin Hackfest, Blockchain Masterclass and culminated in the flagship Ethereum India Summit held at the iconic Taj Mahal Palace hotel with the picturesque Gateway of India by the Arabian Sea as backdrop. Ms Arifa Khan, Ethereum Foundation’s India Partner and CEO of Zero Field Labs, was chair person of Blockchain India Week and Ethereum India Summit.
Vitalik Buterin, Founder and Chief Scientist at Ethereum was the Chief Guest at Blockchain India Week. Mr Buterin kicked off his second India trip with a talk on Cryptocurrencies, Cryptoeconomics and the technological challenges of Blockchain protocols at IIT Mumbai on 16 May evening. Department of Computer Science, IIT Mumbai expressed interest in further collaborating with The Ethereum Foundation on research and academic projects.
More than 100 developers, business analysts and business developers participated in the event. Special guests included Vitalik Buterin, the inventor of Ethereum and Chief Scientist at Ethereum Foundation, Arifa Khan, Ethereum Foundation’s India Partner, Rahul Bhasin, Managing Partner of Barings Private Equity India, Neeraj Kulshrestha Chief Business Officer of Bombay Stock Exchange, Andrew Keys Head of Global Business Development at ConsenSys.
Blockchain India Week hackathon was hosted at IIT Mumbai 12-14 May 2017 to explore the blockchain use-cases and build Proofs of Concept to demonstrate the power of decentralized applications on Ethereum platform for India-specific problems. The hackathon attracted over 100 blockchain experts from around the world. Teams valiantly tried to grapple several large scale India-centric problems that could lend themselves to blockchain. Interesting projects were built including Roji – a master-place application to build credit history for the blue-collar labour-market, Agrochain – crop information and agriculture provenance on the blockchain for farmers, a supply-chain management solution, invoice financing for SMEs where financiers bid for invoices, a micro payment channel etc.
Following on the heels of the hackathon, the teams continued to fine-tune their blockchain coding skills at the “Buterin Hackfest” hosted at L&T Infotech offices at Powai, under the guidance of several Ethereum experts. The teams were judged on 3 key criteria: practical applicability to solve real-world business problems, innovativeness of the solution, decentralisation aspect and blockchain as an integral part of the solution.
Five teams were shortlisted who got a chance to pitch their blockchain projects to Vitalik Buterin at the finale at Ethereum India Summit hosted at the iconic Taj Mahal Palace hotel, Mumbai on 18 May 2017.
The winning team in the hackathon, “team Mjolnir” built a payment channel using Ethereum smart contracts. The project allows millions of transactions per second on top of Ethereum network. Vitalik Buterin honoured the team with “The Vitalik Buterin Prize for Blockchain Excellence” and invited the team members (Hrishikesh Huigolkar, Harsh Vakharia, Sohan Agate and Girish Ramnani) to contribute to research work on Ethereum.
The other events included Blockchain Masterclass where Vitalik Buterin himself guided the participants about the technology, showed off his coding skills on live net, answered hard questions, and demonstrated real applications built on ethereum.
Ethereum Foundation, Zero Field Labs, ConsenSys, L&T Infotech, Cognizant supported Blockchain India Week as Sponsor Partners. The Ethereum India Summit concluded with Vitalik Buterin encouraging and inspiring the community to custom-build advanced blockchain applications for the Indian market, and promising future support to the community through more direct interactions and regular expert forums. Arifa Khan promised to continue bridging gaps between India and the Blockchain expertise in the west and to continue to play a pioneering role in blockchain eco-system development in India by bringing together all stake-holders.
Issuing Company: Zero Field Labs Pvt Limited
Ms Arifa Khan
Ethereum Foundation’s India Partner
CEO Zero Field Labs Private Limited
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