Austrian bank Erste Bank sponsored a blockchain startup contest, awarding the teams behind two ethereum-focused projects.
The two winning projects were Etherisc, an automated insurance tool, and Status, a mobile-based browser that combines support for payments and decentralized applications. Each team received €5,000, paid in ether.
In statements, Erste Bank suggested that it was sponsoring the contest in support of its current investigation of blockchain, which the institution indicated could ultimately lead to new kinds of client-facing services.
Petia Niederländer, the bank’s head of retail and corporate operations, said of the contest:
Other firms involved in the organization of the contest include Austrian energy firm Energie Steiermark, eCounting, Kapa Ventures and BlockchainHub Granz.
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