Sunday, June 9, 2013

Royal Canadian Mint Developing the MINTChip

They are planning now to rid the Canadian economy of metal and paper currency. WE CANNOT ALLOW THEM TO DO THIS. This will allow banks and government to have complete control of our money and our RIGHTS. Google is on the judging panel!

http://mintchipchallenge.com/


         
The Royal Canadian Mint is honoured to be recognized by the Innovation ProjectTM as one of five finalists in the “Best Cash Innovation” category, for the research and development project MintChip.  Public voting for the 2013 PYMNTS.com Innovator Awards is now open at www.pymnts.com and will close on March 7, 2013 (http://www.pymnts.com/assets/Uploads/IP-2013-Finalists.html).

Winners Gallery

Best Overall Application - Grand Prize

Best Overall Application - Second Prize

Best Overall Application - Third Prize

Best P2P Application

Best B2C Application

Best Micropayment Application

Popular Choice Award

Large Organization Recognition Award

Prizes

Prizes include over 2 pounds of gold (29.65 oz) from the Royal Canadian Mint!

Prize values are based on the market value of gold in Canadian dollars as of March 12th, 2012 and are subject to change based on the market value of precious metals.

Best Overall Application - Grand Prize
$17,000
10 oz of GOLD (1 Gold Wafer, .9999 purity), equal to $17,000

Best Overall Application - Second Prize
$10,200
6 oz of GOLD (1 Gold Wafer and 5 Gold Maple Leaf Coins, 1 oz each, all .9999 purity), equal to $10,200

Best Overall Application - Third Prize
$5,100
3 oz of GOLD (1 Gold Wafer and 2 Gold Maple Leaf Coins, 1 oz each, all .9999 purity), equal to $5,100

Best P2P Application
$5,100
3 oz of GOLD (3 Gold Maple Leaf Coins, 1 oz each, .9999 purity), equal to $5,100
Best application that facilitates peer-to-peer (person-to-person) payments

Best B2C Application
$5,100
3 oz of GOLD (3 Gold Maple Leaf Coins, 1 oz each, .9999 purity), equal to $5,100
Best application that facilitates business-to-consumer payments

Best Micropayment Application
$5,100
3 oz of GOLD (3 Gold Maple Leaf Coins, 1 oz each, .9999 purity), equal to $5,100
Best application that facilitates micropayments of less than $2.00 cost effectively

Popular Choice Award
$5,100
3 oz of GOLD (3 Gold Maple Leaf Coins, 1 oz each, .9999 purity), equal to $5,100

Large Organization Recognition Award
Recognition prize for organizations with 50 or more employees

About the Challenge

Winners announced (view all dates)
The Royal Canadian Mint MintChip Challenge invites software developers to create innovative digital payment applications using MintChip, a R&D phase technology available only to challenge participants. Developers and the public are also encouraged to share ideas for how a digital currency can be used.

Winners will receive approximately $50,000 in gold from the Mint as well as promotional exposure. Prizes will be awarded for the apps that best demonstrate the potential value of the MintChip technology and have the greatest potential impact on digital payment technology. Submitted apps can run on Android, BlackBerry, iOS, Windows or desktop and mobile browsers.

The Mint will provide participating developers with a software developement kit (SDK), two microSD MintChips, and two remote MintChip accounts they can use to integrate the Mint’s technology with their digital payment applications.

The public and developers have approximately four months to share ideas and build their submissions. A panel of distinguished judges from the tech, venture capital, media, and retailer industries will select winners, and the general public will vote to identify a “Popular Choice” winner.
Challenge Goals:
  • Create software applications and proofs of concept utilizing MintChip
  • Highlight potential advantages of the technology and digital currency



gold coins

Judges

Osama Bedier
Vice President of Payments, Google
Ian Bennett
President and CEO, Royal Canadian Mint
David Birch
Director, Consult Hyperion
Bob Borchers
General Partner, Opus Capital
David Crow
Chief Marketing Officer, Maintenance Assistant Inc.
Jeff King
Senior Director X.commerce Platform Partnerships, eBay
Amanda Lang
Senior Business Correspondent for CBC News and Anchor of The Lang & O’Leary Exchange

Judging Criteria

Quality of the Idea
Includes creativity and originality and proof of a relevant concept
Implementation of the Idea
Includes user experience and design
Potential Impact
Includes potential impact on MintChip offerings and electronic payments technology

How to Enter

  1. Create an account on MintChipChallenge.com or log in with an existing ChallengePost account.
  2. On MintChipChallenge.com, click Accept this challenge to indicate your interest in participating. This step ensures that you will receive important challenge updates. Follow step 3 to register and receive a developer kit.
  3. Between 10 a.m. ET on April 4, 2012 and 5 p.m. ET on July 18, 2012, register for access to the MintChip technology by completing the form on the Register to Participate tab. Once your completed registration is received, you will be provided with a software development kit, two microSD MintChips and access to two remote MintChip accounts. The Competition is limited to 500 approved participants. Please Note: Due to a very high level of interest, we are no longer accepting registrations for the MintChip Challenge.
  4. Create a working software application that runs on Android, BlackBerry, iOS, Windows, or a desktop or mobile browser, and utilizes either local microSD MintChips or remote MintChips to transfer digital currency.
  5. Confirm that you have read and agree to the Official Rules, and submit your application by providing an uploaded file or a link to your application, a video demonstrating its functionality, a text description, at least one screenshot of your working application, and a category for your submission.       

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