The Royal Canadian Mint's MintChip Developer Challenge began in April when developers from across North America were invited to create innovative mobile payment applications using the MintChip technology.
Now all of the submissions can be seen in the Application Gallery and the Royal Canadian Mint is inviting members of the public to cast their votes for the Popular Choice Award. The judging period and public voting runs until September 12. Winners will be announced on September 24 and more than $50,000 worth of prizes to be awarded later in the fall.
A demo video for Taab, which currently has the most votes in the contest.
“The Mint is extremely pleased with the enthusiasm and creativity shown by the developer community for the MintChip Challenge,” said Ian Bennett, President and CEO of the Royal Canadian Mint. “All 500 of the developer kits were distributed within the first four days of the Challenge and we have now received many interesting and innovative ideas for possible uses of the MintChip™ digital currency technology.”
The MintChip digital currency employs innovative technology, for which the Mint has prototypes and eight patents pending in all major world markets, and could be the digital equivalent of the coins Canadians use every day to carry out financial transactions with retailers and with each other. It uses a secure chip to hold electronic value and a secure protocol to transfer electronic value from one chip to another.
In addition to the Popular Choice Award, winners in five other categories—Best Overall app, Best Person-to-Person app, Best Business-to-Consumer app, Best Micropayment app and the Large Organization Recognition Award—will be selected by a seven-member panel of judges.