Royal Canadian Mint Announces Alternative to BitCoin
From the site: The Royal Canadian MintChip Challenge invites software developers to create innovative digital payment applications using MintChip, a development phase technology available only to challenge participants. Developers and the public are also encouraged to share ideas for how a digital currency can be used. Winners will receive approximately $50,000 in gold bullion from the Mint as well as promotional exposure. Prizes will be awarded for the apps that best demonstrate the potential value of the MintChip technology and have the greatest potential impact on digital payment technology. Submitted apps can run on Windows, iOS, Android, BlackBerry, or desktop and mobile browsers.
The Mint will provide participating developers with a software developement kit (SDK), two microSD MintChips, and two remote MintChip accounts they can use to integrate the Mint’s technology with their digital payment applications.
The public and developers have approximately four months to share ideas and build their submissions. A panel of distinguished judges from the tech industry, venture capital, media, and retailers will select winners, and the general public will vote to identify a “Popular Choice” winner.