Two outstanding entrepreneurial teams will share in $100,000 of prize money after being selected as winners of South Australia’s Blockchain Innovation Challenge.

Picture of the Premier presenting award to Wright Technologies

As part of the Blockchain Innovation Challenge, local entrepreneurs were invited to come up with innovative ideas for how blockchain technology could be used to solve a problem or transform a business process. Finalists then pitched their idea to a panel of global experts at the ADC Global Blockchain Summit.

The winners are:

Wine Security by Clare Valley Wine and Grape Association
A blockchain solution which aims to ensure the provenance of wine.

Seraph by Wright Technologies
Aims to improve accuracy and reliability of location data of drones.

Picture of the Premier presenting award to the Clare Valley Wine and Grape Association

The teams will each receive $50,000 to further develop their ideas, along with part scholarships to local start-up LeapSheep’s Business Builder Program to kick-start their business models.

For more information about the Blockchain Innovation Challenge visit blockchain.yoursay.sa.gov.au.