The Los Angeles Mayor’s Office of Budget & Innovation (MOBI) and Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host “Block Tank” – a Shark Tank-like pitch event which will coincide with CIS taking place in Los Angeles next month. GHV is the creator of CIS – the largest investment focused blockchain event on the West Coast and an anchor of LA Blockchain Week.
According to GHV, Block Tank will take place in front of a panel of celebrity judges at CIS on October 15th at the Los Angeles Convention Center in front of over 4,000 attendees.
The winning team will receive a $25,000 minimum investment offer from GHV and a $25,000 pilot project with the City of L.A. to use blockchain technology to address one or more important initiatives.
Ted Ross, the City of Los Angeles’ Chief Information Officer, will also be speaking at CIS. The event seeks to concretize Los Angeles as one of the first cities to leverage blockchain as an innovative solution for public benefit.
“Utilizing cutting-edge technologies to improve the lives of Los Angelinos has always been a priority for ITALA,” said Ross. “We’re excited for our partnership with GHV to explore and source blockchain solutions at CIS.”
While we do not have all of the judges names as of yet, we do know that world-famous billionaire investor and crypto advocate Tim Draper has committed to be a judge. Other “A-Listers” are being invited now.
The eligible pilot project areas include:
1. Environmental Sustainability
2. Online Voting Platform
3. Secure Resident IDs
Interested entrepreneurs should submit the application form to apply for Block Tank.
LA-based GHV is a blockchain-focused venture firm led by Josef Holm and Alon Goren.