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NTT DATA Selects Social Coin as Winner of Open Innovation Business Contest

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Tokyo, March 16, 2017 – NTT DATA, a global IT-service provider, announced today that it selected Barcelona-based Social Coin as the winner of the Open Innovation Business Contest 5.0 during the contest’s Grand Finale at NTT DATA headquarters in Toyosu, Tokyo on March 15. The winning proposal is for a Civic Engagement Platform based on deep learning that helps citizens solve civic issues through a blockchain system that rewards deeds. Social Coin will receive a three-month in-kind contribution from NTT DATA to support development of a concrete plan for its proposed venture business.

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Photo. Grand Finale winner of the Open Innovation Business Contest
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Photo. The 10 finalists of the Open Innovation Business Contest

The global competition organized by NTT DATA invited high-tech companies worldwide to submit information-technology (IT) proposals for promising solutions to issues in global society. The judging panel included NTT DATA personnel and outside experts.

Social Coin offers a platform for leveraging open data and machine learning tools to promote civic participation. The platform uses artificial intelligence to identify problems that citizens and governments can solve through collaboration to promote local economies. The solution, selected for best matching the contest’s theme of collaborative innovation for previously unimagined solutions, enables value-creation by public institutions, private-sector companies and individual citizens, all potential customers of NTT DATA. It is highly expected the solution will become new public infrastructure for the better society.

NTT DATA received more than 200 applications from some 20 countries between October and December last year. Regional contests were held in 10 cities of nine countries spread across four continents – Tokyo, San Francisco, Toronto, Sao Paulo, London, Madrid, Barcelona, Tel Aviv, Singapore and Beijing – between February 2 and March 2. The entrants presented venture proposals covering fields including fintech, IoT, energy, insurance tech, big data, digital marketing, blockchain, API, personal data, AI, cyber security, virtual/augmented…

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