Santander InnoVentures DL Challenge, NYC: Cambridge Blockchain wins first prize

Massachusetts based Cambridge Blockchain scooped the $15,000 first prize at our first Santander InnoVentures DL Challenge in New York. Matthew Commons, CEO at Cambridge Blockchain – seen above collecting his prize from Mariano – successfully pitched the company’s innovative approach to solving enterprise level identity issues using blockchain technology.

Our thanks go to a stellar group of pitch judges including blockchain entrepreneurs James Smith of Elliptic, Greg Schvey of TradeBlock, Peter Smith of Blockchain and Chris Larsen of Ripple. Santander’s own experts also joined the panel, Julio Faura, Juan Jimenez Zaballos, Mariano Belinky and Pascal Bouvier.

The five finalists picked to pitch at the AWS Loft were selected from over 100 entrants. Onevest the start up community platform helped us to manage the entry process and judging process.

The other DL Challenge finalists were, second placed Midasium – a real estate property management solution, third placed Ribbit.me – a loyalty and rewards solution, Coinprism – a clearing and settlement solution, and ExiVest – a marketplace for private stock equity transactions.

The DL Challenge follows close on the heels of our recent investment in Blythe Master’s New York headquartered distributed ledger business, Digital Asset Holdings. If any further confirmation was needed that New York is a key global centre for blockchain based fintech innovation, the 250 start ups, VCs and media crowding into the AWS Loft make the point.

After the success of this our first Santander Innoventures DL Challenge, we are busy planning the next in the series. More will be posted when dates and details are confirmed.