The Bank of India announced the second global hacker marathon, including CBDC and blockchain scalability use cases

It is reported that the Bank of India (Reserve Bank of India) announced the second global hacker marathon Harbinger 2023. The activity has four key points, including its use case of retail central bank digital currency and blockchain scalability. Registration starts on February 22, and the deadline for proposal is March 24. The first prize is 4 million rupees (US $48000), and the winners will be announced in mid-August. Although Hackathon has invited global participants including individuals, it prefers those who understand India’s financial services industry and consumers.

Interpretation of this information:

The Bank of India (Reserve Bank of India) has announced the second global hacker marathon, Harbinger 2023, which is focused on showcasing the potential use case of retail central bank digital currency and blockchain scalability. The competition has four key points and is open to global participants, although preference will be given to those with an understanding of India’s financial services industry and consumers. Registration starts on February 22, and the final proposal deadline is March 24, with a first prize of 4 million rupees (US $48000) and winners announced in mid-August.

The announcement of the second global hacker marathon by the Bank of India (Reserve Bank of India) is noteworthy, as it is focused on showcasing blockchain scalability and the potential use case of retail central bank digital currency. The competition is four-fold and challenges participants to explore the possibilities and potentials of blockchain scalability and its use case in the retail central bank digital currency. It is an opportunity for participants to showcase their skills and gain recognition for their efforts.

The event has four key points, including blockchain scalability, retail central bank digital currency, financial inclusion through technology, and security. These focal points are designed to ensure that participants are exploring the most important aspects of blockchain and its potential in the financial sector. It is worth noting that the competition is not just open to Indian individuals or companies, but global participants with an interest in India’s financial services industry and consumers.

The Bank of India (Reserve Bank of India) has set a first prize of 4 million rupees (US $48000) for the winner, and the winners will be announced in mid-August. The competition registration starts on February 22, and the final proposal deadline is March 24. Participants will have approximately one month to develop their proposals, using their skills, knowledge and experience to present a solution that addresses the four key points of the competition.

In summary, the Bank of India (Reserve Bank of India) has launched a second global hacker marathon, Harbinger 2023, focused on exploring the use case of retail central bank digital currency and blockchain scalability. The competition is open to global participants with an interest in India’s financial services industry and consumers. The competition has four key points, offers a first prize of 4 million rupees (US $48000), and winners will be announced in mid-August. The deadline for proposal submission is March 24. The three keywords to summarize the content are: blockchain scalability, retail central bank digital currency, and global participants.