The three-day long International Blockchain Olympiad (IBCOL) 2021, a multidisciplinary design and building competition, is going to start from 8 October.
The virtual event will be held in Bangladesh for the first time. It was previously held in Hong Kong.
The IBCOL 2021 is being organised by the Division of Information and Communication Technology and Bangladesh Computer Council (BCC) and it will coincide with the golden jubilee of Bangladesh's independence.
State Minister for ICT Zunaid Ahmed Palak made the announcement at a press conference Wednesday.
In his keynote address, Palak said, "We have to use blockchain technology. We have a national blockchain strategy. Work is also underway on how we can take advantage of this. Blockchain can be one of the major sectors for investment."
He said that now the big challenge was to provide information security and the government was working to address this challenge.
The state minister said the event was held internationally every year to keep pace with the rapid development and spread of blockchain technology in the world.
The theme of this year's competition was "Inspirational Empowerment and Innovation".
Twelve countries will participate in the competition, with more than 50 teams from China, Hong Kong, Vietnam, Philippines, UAE, Iran, Indonesia, Netherlands, Nepal, Mongolia, Sri Lanka and Bangladesh.
To attend the event, participants have to visit the website- (https://ibcol2021.com).
Students from all over the world are participating in the global contest, with prize money of more than $40,000 having been awarded to previous winners.
As part of this event, there will be a number of IT-related seminars on various topics, including digital currency, crypto currency and fintech, which will be attended by all experienced IT experts and professionals from home and abroad.
At yesterday's press conference held at the BCC Auditorium of ICT Tower in Agargaon, it was announced that the award ceremony will also be held at the BCC Auditorium.
David Siegel, the world's first web designer and American author on blockchain technology, will be present at the ceremony.