The City of Los Angeles and the organisers of the CIS, the world’s largest blockchain investment conference, have announced a composite reward of 50,000 US dollars to a blockchain startup. The selection will take place and the winners to be announced in October 2019 in LA, at the CIS event.
The Los Angeles Mayor’s Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a “Shark Tank” style pitch contest for blockchain startups called Block Tank.
The winning team will receive a $25,000 minimum investment offer from GHV and a $25,000 pilot project with the City of L.A. to use blockchain technology to address one or more important initiatives.
The eligible pilot project areas include:
- Environmental Sustainability
- Online Voting Platform
- Secure Resident IDs
Who are the candidates?
Four blockchain startups will be chosen by the city to be judged in front of the celebrity panel.
Who are the judges?
Famous billionaire investor, Tim Draper, who is known as the father of viral marketing and is an early proponent of Bitcoin and blockchain technology is confirmed. Other A-listers have been invited to speak and will be announced in the coming weeks leading up to the event.
How to Apply
Interested entrepreneurs should submit the application form to apply for Block Tank.