Egyptian President bestows Global Best M-GOV Awards on IIT Indore students
Students of the Indian Institute of Technology (IIT) Indore won an award of AED (Emirates Dirham) 1 million along with a gold medal at the World Government Summit in Dubai on 13 February.
An overview of the news
Niyati Totala and Neil Kalpeshkumar Parikh who are students of Indian Institute of Technology (IIT) Indore were awarded this prestigious medal by the President of Egypt, Abel Fattah El-Sisi.
These students are the makers of the 'Blockbill' app.
BlockBill is a blockchain-based receipt generation app that generates digital receipts for all its users' transactions.
This app solves many problems, transitioning from producing thermal paper to printing receipts.
Thermal papers that are ubiquitous and found in most retail locations cannot be recycled due to the chemicals used to make them.
Blockbills have been conceptualised to address this issue.
“M-Gov Award” and the “GovTech Award”
These are annual awards organised by the Government of the United Arab Emirates as part of the World Government Summit.
These awards are given to leading students, researchers, government agencies and institutions, private sector companies and startups for developing innovative solutions using the latest technologies.
World Government Summit 2023
It was held under the theme of “Shaping Future Governments” at Madinat Jumeirah, Dubai, United Arab Emirates on 13 -15 February 2023.
The participants of this summit reaffirm its important role as a unique platform for building a better future for humanity.
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