Banco Santander and the Oxentia Foundation launch the Santander X Global Challenge | Blockchain and Beyond
Six winning projects to receive prizes totalling €120,000 and access to Santander X 100, the global community.
Today, Banco Santander and Oxentia Foundation are launching the Santander X Global Challenge | Blockchain and Beyond to seek startups and scaleups with innovative and scalable solutions using blockchain technology. The Oxentia Foundation was created to support Oxentia’s goal to address global inequalities through innovation and entrepreneurship activities. Banco Santander is a leader in responsible banking, firmly committed to progress and inclusive sustainable growth. The aim of both institutions is supporting innovation to improve productivity and employment, as well as to solve problems relevant to society.
This new global challenge is aimed at companies from 11 countries (Germany, Argentina, Brazil, Chile, the US, Spain, Mexico, Portugal, Poland, the UK and Uruguay), with an innovative and technology-based product. The six winning projects will receive prizes totalling €120,000 and access to Santander X 100, the global community of the most outstanding Santander X entrepreneurial projects.
Solutions should address issues such as improving user privacy and security in blockchain networks, boost decentralised finance (DeFi) -without financial intermediaries- and tokenisation (digital representation in blockchain) and enhancing and expanding digital interactions with users through concepts such as Web3 and the metaverse.
Coty de Monteverde, head of Crypto & Blockchain Center of Excellence at Banco Santander, highlighted “blokchain technology has the potential to revolutionize the world. Increasingly, different sectors see the ability of this technology to redefine and enhance their business models. There is still a long way to go before blockchain is definitively installed in the daily life of people and companies, and at Santander Universities we want to give visibility and help startups and scaleups with innovative solutions in the use of this technology”.
Steve Cleverley, CEO, Oxentia Foundation noted “At Oxentia, helping entrepreneurs address global challenges, provide innovative solutions and promote adoption of new and disruptive technologies is at the heart of our work. The Oxentia Foundation is therefore delighted to be working in partnership with Santander x to launch a new global challenge | Blockchain and Beyond. We are looking forward to hearing from entrepreneurs across the Santander footprint with the very best cutting-edge technology and transformational solutions and wish all applicants the very best of luck.”
Full details and how to apply can be found on the challenge website.
Applications close 9th June 2022.
Source: Read Full Article
