The global blockchain provider, DECENT, has officially announced the signing of a Memorandum of Understanding (MoU) with the SP Jain School of Global Management, Singapore Campus. The main objective of the MoU is to advance DECENT’s Blockchain Pioneers Hackathon series which is to be held for the first time in Singapore. Both companies attended an official signing ceremony on February 12, 2019, where DECENT’s Founder and CEO, Matej Michalko, and Dr. John Fong, CEO and Head of the Singapore division of SP Jain, both signed the MoU. The formation of the partnership was also supported by DECENT Singapore directors, Isaiah Choo and Alan Yu, as well as several SP Jain staff members.
The MoU outlines the seventh instance of the “Blockchain Pioneers Hackathon” series. This will be the series’ first trip to Southeast Asia, taking place at SP Jain’s Singapore Campus grounds from May 3 to May 5, 2019. The organizing parties declare that the hackathon should appeal to young and talented developers among the school’s students.
DECENT’s multiple-day hackathon series has traversed the globe, impacting cities such as Bratislava, Berlin, USA’s Laramie in Wyoming, Shanghai and Moscow. Each instance has delivered promising project concepts such as fashion garment tracking, event ticketing, animal protection systems, wifi advertisement, and crowdfunding platforms, all running on DECENT’s DCore blockchain. Up to this date, more than 100,000 DCT (DECENT’s own cryptocurrency) has been awarded to hackathon winners.
The two partners plan to announce more details on the hackathon in the upcoming months, with Dr. John Fong of SP Jain elaborating: “At SP Jain, we believe in using technology to shape the minds and sculpt the skills of our students. Hosting this hackathon will enable our students to do exactly that, and I am very excited to see what innovative business models they come up with.”
In previous months, DECENT has been expanding its reach in Asia, solidifying its position on the Asian blockchain market. The company opened a new office in Singapore last August, inside the renowned building known as “The Octagon”, focusing on business development and nationwide adoption.
In addition, a recent ranking conducted jointly by Times Higher Education and the Wall Street Journal placed SP Jain as number 4 worldwide in the One-Year MBA Degrees category, surpassing international giants like the Cranfield School of Management and Melbourne Business School. SP Jain currently has campuses in Dubai, Mumbai, Singapore and Sydney.
According to DECENT’s Founder and CEO, Matej Michalko, both entities hope for their prosperous partnership to bring positive impact, not only on the grounds of organizing the hackathon but also in conducting other future endeavors. “Hackathons are a great way to provide young talents with an opportunity to put their creative genius to practice and evolve their skills. I’m really excited to see what creative outcomes Singapore’s future – the youth – can come up with.”
Founded in 2015, DECENT is a non-profit foundation that has developed an open-source blockchain platform, DCore. Cooperating closely with top investment funds and incubators, DECENT is dedicated to building the ecosystem upon its proprietary blockchain technology to help developers and businesses adapt to a decentralized future.
Launched in 2017, DCore is a stable, customizable and cost-efficient open-source blockchain platform can easily be built upon. As the world’s first blockchain dedicated to digital content, media and entertainment, DCore provides user-friendly SDKs to empower dApp developers and businesses in the decentralized network.
About Blockchain Pioneers Hackathon
Blockchain Pioneers Hackathon series is a compilation of competitive events worldwide held by DECENT and its various industry-leading partners. The series is aimed at the realization of developers’ blockchain-powered ideas, where teams have the chance to showcase their unique skillsets and build viable, real-world ready prototypes on DECENT’s versatile DCore platform. Winners of each edition receive financial rewards, mentorships, and collaboration opportunities to help their projects become pioneers in the blockchain industry.
About SP Jain School of Global Management
SP Jain School of Global Management (SP Jain) is a leading Australian business school known for its disruptive innovation in business education. The School has campuses in the vibrant cities of Dubai, Singapore, Mumbai and Sydney, and is renowned for running its global business programs across these cities. For its flagship Global MBA program, the School has been ranked by reputed international publications such as Forbes, Nielsen, Global Brands, Financial Times and The Economist. Globally-intelligent and culturally agile, the SP Jain student is able to adapt to new situations with ease and finesse and is more than ready to take on the global challenges of the 21st century.