Blockchain Startup Hyperledger Wins $50,000 in Innotribe Challenge at Sibos

Hyperledger has won this year's Innotribe Startup Challenge finale at the Sibos conference in Singapore, taking home a $50,000 prize.

Blockchain technology startup Hyperledger has won this year’s Innotribe Startup Challenge finale at the Sibos conference in Singapore, taking home a $50,000 prize.

Hyperledger specializes in shared ledgers for decentralized record management. It was recently “acquired” by Digital Asset Holdings (DAH), the Blythe Masters-led startup looking to revolutionize securities settlement through blockchain technology.

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SWIFT’s International Banking Operations Seminar (Sibos) is an annual banking and financial conference organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).

Hyperledger founder Daniel O’Prey commented:

“The Innotribe experience and team have been fantastic from start to finish. Progressing from the New York regional showcase was extremely valuable in our acquisition by Digital Asset Holdings. We have had amazing exposure to our target market and look forward to following-up on all the leads it has generated as well as having a closer relationship with SWIFT.”

Hyperledger is one of several crypto startups to have made it to the finals. Also making the final cut were Bitspark, a Hong Kong-based remittance service powered by Bitcoin, and bitcoin storage and analytics firm Elliptic. There were a total of 11 ‘early-stage’ finalists, which in order to qualify, must be less than 3 years old and have a combined revenue and investment of no more than $1 million during the previous 12 months.

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