Testathon 2022 Q1
Test you testing skills!
DAY
00
HR
00
MIN
00
SEC
00
#test
BE A PART OF TESTATHON 2022
-
Start Registration
Commences from 25 April 2022 Register To Participate in G20 Techsprint 2022
-
Submit Proposals
Closing Date 20 May 2022 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
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
Jun-Aug 2022 Shortlisted solutions will be developed and submitted for evaluation on the APIX platform.
-
Announce Winners
Sep-Oct 2022 Evaluation and selection of winners by independent judging panel convened by Bank Indonesia
Start Registration
Commences from 25 April 2022 Register To Participate in G20 Techsprint 2022
Submit Proposals
Closing Date 20 May 2022 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
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
Jun-Aug 2022 Shortlisted solutions will be developed and submitted for evaluation on the APIX platform.
Announce Winners
Sep-Oct 2022 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.
We invite you to become a part of this collaborative movement of synergy and innovation on CBDC with the spirit of recover together, recover stronger. Join the G20 TechSprint 2022
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.
ENABLING FINANCIAL INCLUSION
Interested Teams need to propose solutions that addresses how we enable inclusive, easy, convenient and affordable front-end CBDC access solutions for everyone, while maintaining regulatory compliance.
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 enable inclusive, easy, convenient and affordable front end CBDC access solutions for everyone, including underbanked, unbanked and/or people with disabilities, while maintaining regulatory compliance?
Optional Problem Statement 1: How might we enable CBDC usage in areas with intermittent or unaffordable internet connectivity, while ensuring secure transactions as well as preventing double spending and illicit transactions?
Optional Problem Statement 2: How might we provide on boarding solutions which is seamless & integrated (to other digital identity and/or KYC systems) and enhancing AML/CFT while protecting privacy?
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
n 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
Are you in it to win it?
Yay!
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. These cas
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. These
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
- Applications are open to Firms or Teams from all countries and jurisdictions interested in solving CBDC challenges posed in the problem statements and have a good track record of developing scalable technology solutions. Team leaders must fully register their teams and submit their proposal(s) to one or more problem statements by the close of the registration period. Teams are encouraged to register early. Registrations to specific problem statements may close once the application cap on that problem statement is reached. Participation is free of charge.
- Each participant can only join one Team. Each team (typically comprising 3 to 8 participants) can submit one proposal for each problem statement. Teams are allowed to apply for more than one problem statement, but they can only be shortlisted for one problem statement.
- All participants must agree to the terms and conditions of the G20 TechSprint 2022 and the Technology Provider's platform usage conditions (AFIN APIX) before they can submit their registration.
- Teams will retain the title, rights of ownership, or intellectual property rights of any kind regarding the solutions and any related information submitted or developed on the platform in response to the problem statements.
- Final submissions from all shortlisted teams will need to be made available to the judging panel via the Technology Provider's hackathon platform. Teams declare and guarantee that:
- they have all necessary authorisations, permissions, licenses, and agreements to participate in the G20 TechSprint and for all material uploaded to, or developed on the platform;
- their participation in the G20 TechSprint and their submission of solutions comply with all applicable laws, rules, and regulations.
- If the judging panel selects one of the team's solutions as a winning solution, the team agrees to present the solution in a manner and format agreed with the organisers.
- By registering for the TechSprint and accepting the terms and conditions, Teams' agree to grant Bank Indonesia, the BIS, and/or the appointed Technology Partner the right to use, distribute to the public, and publicly display the Projects submitted during the Event for the purposes set forth in the G20 TechSprint Terms and Conditions, including the right to publish the Projects on the site and/or on other communication, analogue, digital and paper channels.
- The Hackathon will operate in English. All materials and communications submitted in connection with the Hackathon must be in English.
Media Centre
Test
FAQ
Are we eligible?
Yes!