According to an announcement shared with Blockchain. News by the US Department of Homeland Security (DHS), the Science and Technology Directorate (S&T) of DHS and the Silicon Valley Innovation Program (SVIP) will host a Digital Wallets Challenge virtual event on Oct 27.
The Digital Wallets Challenge has a $25,000 overall reward that will be awarded in two phases. At the end of Stage 1, there will be 3 finalists who will be given $5,000 each. An extra $10,000 will be awarded to one of the three Stage 1 finalists’ top winners.
The finalists will present their user interface (UI) and user experience (UX) designs during the activities. Next, government experts and distinct communities such as the World Wide Web Consortium ( W3C) will provide reviews, observations, and comments. At the end of the contest, one grand prize winner will be awarded.
Digital wallets can use blockchain and distributed ledger technology to boost authentication and prevent falsification and counterfeiting of paper-based credentials for issuance and storage.
DHK’s blockchain-based digital wallet is another case of blockchain technology by DHK and other government agencies. An activity that welcomes suggestions and proposals directly from the public is the digital wallet challenge.