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Kaykobad said the BCOLBD will organise Blockchain Olympiad each year to create blockchain professionals which is as of today over 500,000 worldwide.

Habibullah said blockchain technology is supplementing the banking, identity management, supply chain, manufacturing provenance, public registry sectors and many other transactional businesses with innovative business processes and models and helping usher in a new business paradigm.

According to organisers, 55 jurors comprising top functionaries, leaders from government, academia and industry has been adjudicating the 63 projects submitted by the participants by 14 April, he said.

They will select top 12 winning teams which will be given cash prizes and sponsored for participating in the international Blockchain Olympiad in Hong Kong, he added.

Earlier, state minister for ICT division Zunaid Ahmed Palak inaugurated a two-day (20-21 March) workshop on blockchain technology to develop capacity of the youths to participate in the Blockchain Olympiad Bangladesh.

A total of 450 students from 15 universities took part in the two-day webinar on Blockchain technology.

The ICT division and the LICT project of the government, the International Blockchain Olympiad in Hong Kong and Technohaven Company Limited, a leading software company of the country, organised the competition.

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