Automation Hackathon 20229126-447
For all the Automation!
DAY
00
HR
00
MIN
00
SEC
00
#automation
AUTOMATION TECHSPRINT JOURNEY
-
Start Registration
[Registration] Commences To Participate in Automation Hackathon
-
Submit Proposals
[Proposal Submission] Participating teams submit fully completed proposals to address one of the main problem statements. Teams may also address the optional challenge statements in the category.
-
Shortlist Finalists
[Shortlisting] Proposals will be reviewed and shortlisted by experts at the BISIH. Shortlisted participants will be invited to a midpoint event to pitch their solution prototypes.
-
Submit Solutions
[Solution Development] Shortlisted solutions will be developed and submitted for evaluation on the APIX platform
-
Announce Winners
[Evaluation & Winners Award] Evaluation and selection of winners by independent judging panel convened by Bank Indonesia
Start Registration
[Registration] Commences To Participate in Automation Hackathon
Submit Proposals
[Proposal Submission] Participating teams submit fully completed proposals to address one of the main problem statements. Teams may also address the optional challenge statements in the category.
Shortlist Finalists
[Shortlisting] Proposals will be reviewed and shortlisted by experts at the BISIH. Shortlisted participants will be invited to a midpoint event to pitch their solution prototypes.
Submit Solutions
[Solution Development] Shortlisted solutions will be developed and submitted for evaluation on the APIX platform
Announce Winners
[Evaluation & Winners Award] Evaluation and selection of winners by independent judging panel convened by Bank Indonesia
All timings are as per (GMT +8:00) Singapore, Beijing, Perth, Hong Kong
Organized By
About Us
Under Indonesia’s G20 Presidency, Bank Indonesia (BI), together with the Bank for International Settlements Innovation Hub (BISIH), is launching a G20 TechSprint to solicit innovative global technological solutions to catalyse developments in wholesale and retail Central Bank Digital Currencies (CBDCs).
This is the third edition of the G20 TechSprint, an annual longform hackathon organised under the banner of the G20 to seek out best-in-class technological innovations aimed at addressing high priority areas of interest amongst the global community.
The G20 TechSprint 2022 challenges the international community of innovators, entrepreneurs, start-uppers, changemakers, creators, developers, data scientists, designers, digital marketing and communication experts who are passionate about creating extraordinary impact by solving one of three operational problems in the field of CBDCs
On 12 July 2022, as part of the Indonesia Digital Economy and Finance Festival (FEKDI) held in Bali ahead of the G20 meeting of finance ministers and central bank governors, shortlisted teams will demonstrate their in-development solutions to national authorities and invited experts at a specially convened Midpoint Event. Teams will also participate in a CBDC Masterclass to glean practical insights into some of the CBDC experiments underway at the BIS Innovation Hub.
Problem Statements
Three problem statement categories, representing different functional objectives of CBDCs have been proposed for this year's G20 TechSprint.
Within each of the categories, a Main Problem Statement has been identified together with two Optional (bonus) Problem Statements. These were developed in consultation with the G20 and represent common high priority gaps and opportunities where innovative technology solutions in the CBDC space and sought.
Teams will need to register for one of the categories (either A, B or C) and submit proposals that addresses the Main Problem Statement. In addition, teams may also submit proposals to address the additional functionalities listed in either or both of the Optional Problem Statements.
Teams that successfully address the Optional Problem Statements will be awarded with bonus scores. However teams that do not address the Main Problem Statement and only the Optional Problem Statements will be disqualified.
1 [Category A] IMPLEMENTING EFFECTIVE AND ROBUST ISSUANCE, DISTRIBUTION AND TRANSFERENCE
Interested Teams need to propose solutions on how to implement optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance, to distribution and to end users
In addition to the Main Problem Statement, Teams who wish to compete for bonus scores can also submit proposals to address Optional Problem Statement 1, Optional Problem Statement 2 or both.
Do note that if selected, shortlisted teams who have indicated a desire to attempt the Optional Problem Statements would need to be able to develop and incorporate these added functionalities into their main prototypes.
------------------------------------------------------------------------------------------------
Main Problem Statement: How might we implement the optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance (including conversion from reserve or money creation through monetary operation), to distribution and to end users?
Optional Problem Statement 1: How might we leverage CBDC programmability feature for efficient facilitation of cash and securities transfers, and for delivering new innovative services to customers?
Optional Problem Statement 2: How might we conduct audit, oversight & supervision and harness the power of granular transaction data from CBDC efficiently while protecting consumers’ sensitive data and privacy?
2 [Category A] IMPLEMENTING EFFECTIVE AND ROBUST ISSUANCE, DISTRIBUTION AND TRANSFERENCE
Interested Teams need to propose solutions on how to implement optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance, to distribution and to end users
In addition to the Main Problem Statement, Teams who wish to compete for bonus scores can also submit proposals to address Optional Problem Statement 1, Optional Problem Statement 2 or both.
Do note that if selected, shortlisted teams who have indicated a desire to attempt the Optional Problem Statements would need to be able to develop and incorporate these added functionalities into their main prototypes.
------------------------------------------------------------------------------------------------
Main Problem Statement: How might we implement the optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance (including conversion from reserve or money creation through monetary operation), to distribution and to end users?
Optional Problem Statement 1: How might we leverage CBDC programmability feature for efficient facilitation of cash and securities transfers, and for delivering new innovative services to customers?
Optional Problem Statement 2: How might we conduct audit, oversight & supervision and harness the power of granular transaction data from CBDC efficiently while protecting consumers’ sensitive data and privacy?
3 [Category A] IMPLEMENTING EFFECTIVE AND ROBUST ISSUANCE, DISTRIBUTION AND TRANSFERENCE
Interested Teams need to propose solutions on how to implement optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance, to distribution and to end users
In addition to the Main Problem Statement, Teams who wish to compete for bonus scores can also submit proposals to address Optional Problem Statement 1, Optional Problem Statement 2 or both.
Do note that if selected, shortlisted teams who have indicated a desire to attempt the Optional Problem Statements would need to be able to develop and incorporate these added functionalities into their main prototypes.
------------------------------------------------------------------------------------------------
Main Problem Statement: How might we implement the optimal CBDC (W CBDC and/or R CBDC) design and technology, from issuance (including conversion from reserve or money creation through monetary operation), to distribution and to end users?
Optional Problem Statement 1: How might we leverage CBDC programmability feature for efficient facilitation of cash and securities transfers, and for delivering new innovative services to customers?
Optional Problem Statement 2: How might we conduct audit, oversight & supervision and harness the power of granular transaction data from CBDC efficiently while protecting consumers’ sensitive data and privacy?
AWARDS
Cash awards to winning teams and cash stipends to all shortlisted teams
Attractive cash awards would be given to the winner in each of the problem statement categories. Cash stipends will also be given to each shortlisted teams to defray any development expenses. Cash contributions are from Bank Indonesia.
Attractive Cash Prizes
Attractive Cash Awards @IDR 770,000,000 (+/- USD 53,000) , before tax and any additional charges, would be given to the winner In each of the Problem Statement Categories
Cash stipends given to each shortlisted team
Cash Stipends will also be given to each of the shortlisted teams @IDR 145,000,000 (+/- USD 10,000), before tax and any additional charges, to defray any development expenses.
Engagements with Experts in CBDCs
Shortlisted Teams will also have the opportunity to have in-depth discussions and feedback from high profile experts in the CBDC Field
Eligibility
Formally registered technology-based start-up firms that primarily serve the financial services industry (fintechs). FinTechs, InsureTech, RegTech, etc., with experience and willing to develop solutions to serve the Female Economy. Possess a minimum viable product (MVP) or a product available on the market or ready to be rolled out in the market. Female founders and gender diverse teams encouraged to apply
Media Centre
Video Description for Automation
FAQ
Am I eligible?
The Automation TechSprint is targeted at teams from all countries interested in developing technological solutions to address the identified problem statements and who have a proven track record of delivery – whether that is writing software, designing user experiences, or product management. The competition is open to all participants who meet all of the following criteria: i. Fully complete the registration and proposal submission process by the stated deadline w; ii. Are not an employee of the organising organisations (Bank for International Settlements and Bank Indonesia), or any of its subsidiaries, or an immediate family member of any such employee. Participation in the Techsprint is expected in the form of teams (typically comprising 3 - 8 participants). Shortlisted Teams will need to demonstrate that they have a deployable and scalable solution to the identified problem statement by the time of the final judging. If you are under 18 years of age, parental consent is required.