The $1m prize fund is divided into a series of grants, awarded at different stages of the competition with 10 top prize winners and a special prize awarded for the best overall project.
The agreement between Hips Payment Group and the Payment House will enable more than 20,000 taxis in Scandinavia and 10,000 taxis in the UK to handle cryptocurrencies.
The policy complements Smart Dubai’s blockchain strategy, which aims to enable the government to conduct 100 per cent of applicable transactions via blockchain by 2020.
Greyp envisions a network where every vehicle has a digital wallet and is advancing its work on automating vehicle payments for tolls, rentals and green-energy charging.
Dubai Future Council for Blockchain event brought together various government departments and private companies with a vested interest in smart city technologies.
Belfast City Council is exploring the use of digital currencies to boost the city economy, meet environmental goals and help citizens become healthier.
Liberstad claims to be the first smart city to officially adopt a cryptocurrency as its sole medium of exchange for the payment of city services and workers’ wages