- Top Team Innovates with Smart Contract based Insurance Settlement Solution 
Using Cutting-edge Machine Learning and Distributed Ledger Technology

    Icertis, the leading provider of enterprise contract management in the 
cloud, today announced the winners of Icertis' AI/ML and Blockchain Hackathon, 
at the grand finale held in Pune. The winning team's innovative solution 
utilized machine learning models to analyze crop distress & weather patterns. 
It then harnessed Blockchain-enabled smart contracts for instant and automated 
claim settlements to those adversely affected by crop failures and natural 
disasters. The winning team, 'BlockchainMegaminds' claimed the grand prize of 
Rs 5,00,000 and an all-expenses-paid trip to Seattle, a global hub of 
innovation in cloud computing.

    The hackathon, which kicked-off online in October, was India's largest 
focused on artificial intelligence (AI), machine learning (ML) and Blockchain, 
attracting nearly 10,000 participants across India, of which 1,306 passed 
through to the final submission phase. The highly selective criteria resulted 
in 12 elite teams competing on-site at the Icertis office in Pune for a 
non-stop 24-hour hack.

    The Hackathon challenge required the teams to build a web and mobile 
interface, develop and train their AI/ML algorithms and utilize appropriate 
cloud services including the Microsoft Azure Blockchain as a Service.

    "I would like to thank all the 10,000 participants in the Hackathon," said 
Monish Darda, CTO & Co-Founder, Icertis. "We were amazed by the range and depth 
of submissions and the sheer quality of talent on display. It also underscores 
the talent across the nation and strengthens our resolve to nurture original 
thinkers and support the communities that are so vital for innovation to 
thrive! We are looking forward to welcoming the winning team to Seattle."

    The two-day event took place on December 21 and 22, at the Icertis R&D 
center in Pune.

    "We all hail from farming families from remote parts of India," said 
Dattatray Jadhav, from the winning team BlockchainMegaminds. "We are delighted 
that we could combine our understanding of farming and agrarian challenges with 
our software expertise, to build a solution using the latest AI and Blockchain 
technology." "We learned a lot from the Hackathon, and are thankful to Icertis 
for not just the opportunity but also for getting their finest developers and 
architects to guide and mentor us throughout," added his teammate Bhausaheb 
Galande.  

    "We are very happy and proud that we could bring together multiple 
technologies including web, AI, Blockchain and IoT, to tackle a very serious 
real-world problem," said Saraniyaa Shrii N from the 1st runner-up Team 
Boopalan from Coimbatore.

    "Recognition and guidance from a software leader like Icertis goes a long 
way in helping youngsters like us think big and explore how we could use 
technology to tackle some of the greatest challenges faced by our generation," 
said Laisha Wadhwa from Team Heuristic from Delhi. "The best thing about this 
hack was providing us with dedicated mentors who were there to help us all 
along. The fact that we had so much fun at the hackathon has made it even more 
memorable! I hope Icertis comes up with more such hackathons where technology 
can be used to solve such crucial problems of the society," added her teammate, 
Garima Yadav from Team Heuristic

    Microsoft was the Cloud Sponsor of the Hackathon and provided its cloud 
services and certifications to all teams.

    List of Winners:
    1st Place – Rs 5,00,000 and an all expenses paid trip to Seattle
    Team BlockchainMegaminds: Dattatray Jadhav, Bhausaheb Galande and Sandeep 
Kakde from Pune

    2nd Place - Rs 3,00,000
    Team Boopalan: Boopalan Jayaraman, Saraniyaa Shrii N from Coimbatore

    3rd Place - Rs 2,00,000
    Team Heuristic: Laisha Wadhwa and Garima Yadav from Delhi

    About Icertis

    Icertis (https://www.icertis.com/), the leading enterprise contract 
management platform in the cloud, solves the hardest contract management 
problems on the easiest to use platform. With Icertis, companies accelerate 
their business by increasing contract velocity, protect against risk by 
ensuring regulatory and policy compliance, and optimize their commercial 
relationships by maximizing revenue and reducing costs. The AI-infused Icertis 
Contract Management (ICM) platform is used by companies like Airbus, Cognizant, 
Daimler, Microsoft and Sanofi to manage 6.5 million contracts in 40+ languages 
across 90+ countries.

    Icertis Media Contact:
    Haley Flanagan
    Corporate Communications Manager
    Icertis
    CorpComm@icertis.com   
    
    Logo: https://mma.prnewswire.com/media/846094/Icertis_Logo.jpg  

    Source: Icertis