A startup contest hosted by professional services firm Ernst & Young ended with three blockchain companies receiving honors.

The six-week E&Y Startup Challenge accepted six blockchain-focused startups in September, which focused on two application areas for the tech: digital rights management and energy transfer.

Guild of Guardians Built to 'Win' the Web2 Mobile Space: Game Director

13:18

Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO

05:10

Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny

04:07

The first video of the year 2024

40:07

The last regression video of the year 3.67.0

Bitcoin mining firm The BitFury Group receiving an award for “Best Pitch” after it developed a blockchain-based tool for digital rights management. Smart contracts startup Adjoint won “Most Investable Pilot” with a platform for creating smart contracts while JAAK won an award for “Most Innovative Pilot” after it developed an operating system, based on Ethereum, that was focused on digital content management.

Those spearheading the E&Y event say that the next steps include continuing to hone their concepts, with an eye to potentially move products to market in the months or years ahead.

Jamie Qiu, founder and lead of the EY Startup Challenge, said in a statement:

“Media and energy are two sectors where we expect to see the most disruption over the next few years and blockchain is a reality that can transform these two industries. We are looking forward to continuing our work with these fantastic entrepreneurial businesses over the next couple of months and helping them accelerate and commercialise their solutions.”

Blockchain startups Blockverify, BTL Group and Tallysticks also took part in the event.

STORY CONTINUES BELOW

Recommended for you:

Image via Shutterstock

Correction: This article has been updated to correct the spelling for 'JAAK'.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.