The Indian Institute of Know-how (IIT) Indore College students received AED 1 million by successful the gold medal on the World Authorities Summit in Dubai.
The Indian Institute of Know-how (IIT) Indore College students received AED 1 million by successful the gold medal on the World Authorities Summit in Dubai. Niyati Totala and Neel Kalpeshkumar Parikh of The Indian Institute of Know-how (IIT) Indore, have been awarded the celebrated medal by Egyptian President Abel Fattah Al-Sisi.
About M-Gov Award 2023
IIT Indore College students Awarded with World Finest M-GOV Awards by Egyptian President- Key Factors
The IIT college students have been the creators of the ‘Blockbill’ app. Blockbill is a blockchain-based receipt technology app that generates digital receipts for all of its customers’ transactions.
This app solves a number of issues, which aids the transition away from the manufacturing of thermal papers for printing receipts.
Thermal papers that are ubiquitous and located in most retail places can’t be recycled due to the chemical substances which might be used to create them. Blockbill is conceptualised to resolve this concern.
The “M-Gov Award” and the “GovTech Award” are annual awards organised by the UAE authorities as a part of the World Authorities Summit.
These awards are designed to encourage pioneering college students, researchers, authorities companies & establishments, personal sector corporations, and startups to develop progressive options utilizing the most recent applied sciences to handle evolving native and international challenges and discover new alternatives for a greater future for humanity.
Eighth in its row
It’s the eighth version of “The World Finest M-Gov Award” which is offered to college students and researchers worldwide enrolled and registered in private and non-private universities, in addition to graduates of the “One Million Coders” Program, to spotlight the pioneering function of universities and artistic and progressive youth in addressing native and international challenges.
Legacy of fame
The award goals to acknowledge options that undertake novel approaches and methods effectively leveraging know-how to resolve issues affecting a big phase of the inhabitants and supply tangible advantages with the power to develop geographically throughout borders.
Proper from the winners
The gold winners Niyati Totala and Neel Kalpeshkumar Parikh mentioned Blockbill is a blockchain-based receipt technology app offering customers with digital receipts for all their transactions.
The app helps transfer away from the manufacturing of thermal papers used for printing receipts. “These papers can’t be recycled or disposed of within the regular approach they usually’re additionally dangerous in your well being with steady contact,” mentioned Parikh.
The app additionally gives knowledge transparency and safety because it makes use of blockchain, she mentioned. “The receipts can’t be altered as soon as made. As soon as digitised, then organising your receipts and sorting them develop into simpler not only for the distributors, but additionally for the purchasers who wish to handle private funds. The companies can even in the reduction of prices in the event that they transfer away from thermal paper receipts with our digital product,”