The Royal Canadian Mint produces all of Canada’s coins as well as it offers gold and silver refinery and assay services. Given its status as a leader in producing currency, the Mint has launched a challenge for a new product it calls MintChip. MintChip aims to be the next generation of digital currency. With MintChip, users can upload money to any electronic device, whether it be a smartphone, USB stick, laptop, tablet or some cool future device we don’t know about. Transactions can be as high as you want to as little as a penny. If you’re a developer, you need to sign up for the MintChip Challenge, and create an app that showcases the power of digital transactions using MintChip. Also, you could win a huge piece of gold!
Watch the YouTube intro video for the challenge at this link.
According to the MintChipChallenge.com site:
The Royal Canadian Mint MintChip Challenge invites software developers to create innovative digital payment applications using MintChip, a R&D 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.
- Create software applications and proofs of concept utilizing MintChip
- Highlight potential advantages of the technology and digital currency?
Fun Royal Canadian Mint fact – it was the first to product a million dollar gold coin with 99999 purity.