Terms and conditions

By registering for the University competition for developers and entrepreneurs “Future of Blockchain” (hereinafter: “Competition”), participating or attempting to participate in the Competition (“You”), you are agreeing to these Terms and Conditions. These Terms and Conditions are legally binding agreement between you and Next Block d.o.o. (with registered address at Strojarska cesta 26, 10000 Zagreb, Republic of Croatia, hereinafter: the “Organizer”) with respect to the Competition.

Organizer shall have the right to modify these Terms and Conditions at any time, which modification shall be effective immediately upon posting. Accordingly, we suggest that you check this page periodically.

The Competition.  The Competition involves teams of individuals building a project involving Blockchain, either as a Creator or as a Challenger.

For Creators

This is for those with an idea already or who would prefer to think of an idea from scratch without any constraints. This idea can take the form of a business idea, startup, piece of software, research paper or anything innovative. It can also be something a participant has been working on in the months prior to the competition starting, so long as it has not received outside funding.

For Challengers

This is designed for those without an idea who also want a higher chance of winning a cash prize. We have teamed up with a number of partners to provide challenges for both developers and non-developers. These partners are: Gnosis, Kyber, Liquidity Network, MakerDao, Nucypher, Santiment, Thunder and Zilliqa (“Challenge partners”).

Dates, Times, Locations.  The schedule is incorporated into these Terms and Conditions and can be found on https://www.futureofblockchain.co.uk  (but is subject to adjustment by the Organizer). 

Travel, lodging and refreshments.   You are responsible for your own travel and accommodation arrangements and for covering all associated costs and expenses in connection with your participation in the Competition. 

Hardware and Software.   Each Participant must bring or obtain whatever hardware and/or software they believe they need to participate (e.g. laptops, phones, etc), including any necessary chargers.  There will be electrical outlets available on a first come, first serve basis.   

Who is eligible to participate? Each individual who participates the Competition (“Participant”) must:

  • Be an adult at least 18 years old who is legally able to enter into a contract

  • Be studying, researching, working at or be an alumni of the universities of Oxford, Cambridge, Imperial, LSE, UCL or KCL can enter.

  • For those not at one of these universities, you can still enter. However, you will need to be part of a team with one of those university members involved.

  • Be based in Cambridge, Oxford or London.

  • Participants may enter as individuals or teams of up to 6.

  • For individuals, you can choose to compete on your own or opt to be partnered with other team members at our speed-partnering sessions.

How to Register.  To register to be a Participant in the Competition go to www.futureofblockchain.co.uk  to fill out a registration and indicate you agree to these Terms and Conditions and the Privacy Policy, after you read carefully the said documents. You will need to provide certain information about yourself to register. Registrations are limited and are on a first come, first serve basis, and the Organizer has the right to end registration or limit the number of registrants at any time in its discretion.  

Collection/Use of Your Information.  As described in Privacy Policy, the Organizer may ask you for additional information to confirm that you are in compliance with these Terms and Conditions and/or (if applicable) are eligible to receive prizes.  Your failure to provide such information within the requested timeframe may render you ineligible.  Please see our Privacy Policy for information about how we collect, use and disclose information you provide.

Who is eligible to win prizes?    In order to be eligible to compete, all members of the Team of Challengers/the Participant must be registered Participants and not in material breach of these Terms and Conditions. Participants warrant that they are the copyright owners of any copyright works submitted, and Organizer’s use of such works (if approved by the Participants) will not infringe the rights of any third party.

The winners shall be determined and the prizes shall be paid provided that at least 100 eligible teams of Challengers have participated in the Competition and that at least 50% of the teams filed a project eligible for evaluation. Project is eligible for evaluation if it is fully or mostly developed. Any projects which are incomplete, incorrect, inaudible, incomprehensible, or not received by Organizer will be void.

Determination of Winners.   Winners will be judged based on the following criteria: 

  • direct relevance to the core problem/addressing the core problem;

  • uniqueness of the recommended solution;

  • ease of implementation; and

  • relevance to the Blockchain technology.

Prizes. Top prizes of up to £20k for 1st place overall;

Each Challenge partner may decide to award 1 up to 3 x £2,000 prize to teams of Challengers who filed a project for his respective platform, subject to number of eligible teams that participated and the judging criteria.

The prize listings may be supplemented or modified from time to time in Organizer’s sole discretion. 

Our decision in respect of all matters to do with the competition will be final and no correspondence will be entered into.

As described in more detail below in these Terms and Conditions, prospective winners will be required to provide any requested proof of eligibility and to sign additional paperwork in order to be formally declared winners and to claim prizes

Other rules and terms for the Competition.

There are not any specific limitations on the resources or tools that Participants can use (e.g., Public and Common SDK's and libraries are allowed), provided the Participants have the legal right to use them for this purpose. 

Teams may not interfere with the progress of other Teams. 

You may not: use, or incorporate into the software any inappropriate or unlawful content; take any action in violation of applicable laws or regulations; provide information or materials about another person without appropriate authority or permission; interfere with, remove or modify any terms and conditions, content or other materials posted on the Web site; attempt to collect or solicit information about other Participants or third parties without their consent; or send unsolicited mail, advertisements, or other similar promotional material using the Web site. 

You understand and agree that photos, videos and/or other recordings may be taken during the Competition.  You hereby grant the Organizer the perpetual, irrevocable, sublicensable, transferable right to copy, use, display and publish the photos, any videotaped, photographed, and/or recorded materials in which you appear in any online, electronic and/or print format (including but not limited any social media sites or platforms) for any educational and/or promotional purposes of the Organizer and/or its challenge partners, contractors, content partners and/or sponsors. We may undertake publicity activities relating to competitions and prize awards. The Participant therefore agrees to the use of their name, address, image and their comments relating to the prize and competition experience, as well as project details (name of the project, images/videos of the project, presentation of the project etc.). Organizer (or any third party nominated by Organizer) may exercise its sole discretion to use the Participant’s name, address, image and their comments relating to the prize and competition experience, as well as project details (name of the project, images/videos of the project, presentation of the project etc.) for future promotional, marketing and publicity purposes in any media worldwide without notice or without any fee being paid. All other personal details collected as part of the competition will be used in conjunction with our Privacy Policy.

All information provided to register for the Competition must be true and correct.  You are responsible for keeping such information up-to-date. 

If you register to be on a Team with other Participants, you understand that information about you may be provided to other Team Participants.  

The Organizer may use certain third party service providers (“Third Party Providers”) to support portions of the Competition (including but not limited to registration services).  By registering for the Competition through a Third Party Provider, you agree that you are responsible for reviewing the applicable terms and privacy policies of those Third Party Providers and that Organizer is not responsible for your interactions with those Third Party Providers. 

At any time, in the sole and absolute discretion of the Organizer, it shall be entitled to disqualify a Participant and/or Team in the event of a failure to meet relevant eligibility criteria or any other violation or suspected violation of these Terms and Conditions. 

The Organizer will determine participation eligibility, declare winners and award prizes in its sole and absolute discretion. You agree that such decisions are final and are not subject to review or reconsideration. 

For any cash prizes awarded to a Team involving more than one Participant, each eligible Participant shall be awarded an equal share of such prize.  Prizes awarded are non-transferable.  Prizes are subject to any and all additional limitations or restrictions. The ability to offer and provide, and for any Participant to receive, any prize(s) are subject to applicable laws and regulations and to availability (including but not limited to any/all individual or entity Challenge partners or prospective donors having provided the relevant prizes and/or  prize funding to the Organizer as anticipated). Organizer may, in its discretion, arrange for certain prizes to be provided to winners directly by Challenge partners rather than by Organizer. 

Organizer reserves the right to verify the identity and eligibility of all Participants and Teams at any time.  Without limiting the general nature of the prior sentence, prior to (and as a condition of) awarding any prizes, Organizer in its sole and absolute discretion may require additional paperwork to be executed by the relevant Participants following the end of the Competition.  Such paperwork is expected to include, among other things, an affidavit and release and will request any necessary information needed for tax reporting purposes. Awards of prizes to Winners are subject to the requirement that they submit to Organizer all documentation requested by it to comply with applicable tax reporting. All prizes will be net of any taxes required by law to be withheld. All taxes imposed on prizes are the sole responsibility of Winners. Organizer reserves the right to declare any winners until after it has received and verified the signed paperwork from the prospective winners.  If the prospective winners do not complete, sign and return the required paperwork within seven (7) days of request or comply with such laws, Organizer may, in its sole discretion, declare that your prizes have been forfeited. 

You agree to participate in the Competition in compliance with any and all applicable laws and regulations. You may not participate in the Competition for any unlawful purpose or engage in any conduct which restricts others from participating in the Competition. You must comply with any and all applicable rules and restrictions of physical site at which the Competition is held.  Organizer reserves the right to expel any individual from the premises or to remove the individual from the Competition if  the individual is not authorized to participate or be present at the Competition, is violating any rules or restrictions of the premises where the Competition is being held, is violating these Terms and Conditions, and/or is otherwise disruptive or engaging in activities detrimental to the conduct of  the Competition, all as determined by Organizer in its sole discretion. 

The Competition made available on an AS-IS, WHERE IS, and any and all implied warranties or duties are hereby disclaimed. Organizer can cancel or discontinue the competition, or suspend or postpone the Competition, at any time in its sole discretion. Organizer may in its sole discretion refuse to provide a prize, or seek its recovery, in the event of non-entitlement under these terms or Participant’s breach of these terms, fraud, dishonesty, or other inappropriate or improper conduct. Organizer reserves the right to modify, cancel, terminate or suspend the Competition in whole or in part, at its sole discretion, if it believes the Competition is not capable of being conducted as specified in these terms and conditions or in the event of a virus, computer bug or unauthorised human intervention or any other cause that is beyond the reasonable control the Organizer that could corrupt or affect the administration, security, impartiality, or normal course of the Competition.

The Competition and these Terms and Conditions are governed by the laws of the Croatia. Any claims or disputes relating to Competition and/or these Terms and Conditions must be settled exclusively in the court located in Zagreb, Croatia. 

To the maximum extent permitted under applicable law, Organizers, its directors, officers, employees, agents, representatives, challenge partners, vendors, contractors, content partners and sponsors (collectively, “Indemnitees”) shall not be liable for any damages, losses or claims resulting from any person’s participation (or attempted participation) in the Competition.  To the maximum extent permitted under applicable law, Indemnitees are not responsible for technical problems or technical malfunction or other occurrences which may affect the operation of the Competition, including but not limited to: hardware or software errors; faulty computer, telephone, cable, satellite, network, electronic, wireless or Internet connectivity or other online communication problems; failure of any e-mail or website transmissions to be sent to or received; inaccessibility of any third party service being used in connection with the Competition (including but not limited to any third party websites or Internet service providers); traffic congestions on the Internet; and/or inaccessibility or unavailability of an email account, app or other item used or desired to be used in connection with the Competition).  To the maximum extent permitted under applicable law, all Participants and any other individuals attempting to participate in the Competition hereby release the Indemnitees from any and all claims, damages or liabilities arising from or relating to their participation or attempted participation in the Competition.

To the maximum extent permitted under applicable law, you agree to indemnify and hold harmless Indemnitees from and against any and all claims, suits, actions, losses, expenses, damages, penalties, and costs, including reasonable attorneys’ fees resulting from any actual or alleged violation of these Terms and Conditions by you, and/or your participation in the Competition. 

If any portion of this these Terms and Conditions is determined by any court or governmental agency of competent jurisdiction to violate applicable law or otherwise not to conform to requirements of law, then the rest of these Terms and Conditions will remain in effect and the parties will substitute a suitable and equitable provision for the invalid/unenforceable provision in order to carry out the original intent and purpose of the original Terms and Conditions. 

You may not assign, delegate or transfer your registration for the Competition and/or any of your rights or obligations under these Terms and Conditions. Any attempted assignment, delegation or transfer shall be void.