{"id":984675,"date":"2021-09-20T12:34:00","date_gmt":"2021-09-20T12:34:00","guid":{"rendered":"https:\/\/www.capgemini.com\/in-en\/?post_type=press-release&#038;p=984675"},"modified":"2025-03-21T08:29:25","modified_gmt":"2025-03-21T08:29:25","slug":"capgeminis-tech-challenge-2021-unleashes-the-power-of-ai-and-blockchain-to-build-circular-economy-model-for-a-sustainable-future-2","status":"publish","type":"press-release","link":"https:\/\/www.capgemini.com\/in-en\/news\/press-releases\/capgeminis-tech-challenge-2021-unleashes-the-power-of-ai-and-blockchain-to-build-circular-economy-model-for-a-sustainable-future\/","title":{"rendered":"Capgemini\u2019s tech challenge 2021 unleashes the power of ai and blockchain to build circular economy model for a sustainable future"},"content":{"rendered":"\t\t<div class=\"wp-block-cg-blocks-hero-press-release\">\n\t\t\t<header class=\"header-hero-press-release\" role=\"main\" id=\"main-content-press-release\">\n\t\t\t\t<div class=\"container\">\n\t\t\t\t\t<div class=\"hero-press-release\">\n\t\t\t\t\t\t<div class=\"hero-press-release-content-wrapper\">\n\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t<div class=\"col-12\">\n\t\t\t\t\t\t\t\t\t<div class=\"header-title\">\n\t\t\t\t\t\t\t\t\t\t<h1>\n\t\t\t\t\t\t\t\t\t\t\tCapgemini\u2019s tech challenge 2021 unleashes the power of ai and blockchain to build circular economy model for a sustainable future\t\t\t\t\t\t\t\t\t\t<\/h1>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"header-description\">\n\t\t\t\t\t\t\t\t\t\t<p><\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"header-date\">\n\t\t\t\t\t\t\t\t\t\t<span>Sep 20, 2021<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"hero-press-release-downloads\">\n\t\t\t\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"col-12 col-md-6 col-lg-3\">\n\t\t\t\t\t\t\t\t\t\t\t<a class=\"download-item\" type=\"download\" href=\"https:\/\/www.capgemini.com\/in-en\/wp-content\/uploads\/sites\/18\/2022\/07\/Tech-Challenge-2021_Post-event-PR.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"Opens in a new window\">\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-icon\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-title\">Download press release<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"download-props\">122 KB  pdf<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/header>\n\t\t<\/div>\n\t\t\n\n\n<section class=\"wp-block-cg-blocks-intro-para undefined section section--intro\"><div class=\"intro-para\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-1\"><nav class=\"article-social\"><ul class=\"social-nav\"><li class=\"ip-order-fb\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/www.capgemini.com\/in-en\/news\/press-releases\/capgeminis-tech-challenge-2021-unleashes-the-power-of-ai-and-blockchain-to-build-circular-economy-model-for-a-sustainable-future\/\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><i aria-hidden=\"true\" class=\"icon-fb\"><\/i><span class=\"sr-only\">Facebook<\/span><\/a><\/li><li class=\"ip-order-li\"><a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https:\/\/www.capgemini.com\/in-en\/news\/press-releases\/capgeminis-tech-challenge-2021-unleashes-the-power-of-ai-and-blockchain-to-build-circular-economy-model-for-a-sustainable-future\/\" target=\"_blank\" rel=\"noopener noreferrer\" title=\"opens in a new window\"><i aria-hidden=\"true\" class=\"icon-li\"><\/i><span class=\"sr-only\">Linkedin<\/span><\/a><\/li><\/ul><\/nav><\/div><div class=\"col-12 col-md-11 col-lg-10\"><h2 class=\"intro-para-title\"><strong>Mumbai, September 20, 2021 \u2013\u00a0<\/strong><a href=\"https:\/\/www.capgemini.com\/\"><strong>Capgemini<\/strong><\/a>\u00a0<strong>today announced the winners of\u00a0<\/strong><a href=\"https:\/\/techchallenge.in.capgemini.com\/\"><strong>Tech Challenge<\/strong>\u00a0<strong>2021<\/strong><\/a><strong>\u00a0the 8<sup>th<\/sup>\u00a0edition of the company\u2019s flagship annual hackathon. The Winning Team (\u2018Hawk Eyes\u2019) won the 2021 challenge for creating innovative solutions and prototypes that reimagined the future with the help of Artificial Intelligence (AI) and blockchain, to foster a circular economy and reduced carbon footprint. For the second year in row, the\u00a0grand finale of Tech Challenge 2021 was held virtually.<\/strong>\u00a0<strong>Tech Challenge 2021 received a record response, with more than 3.2 Lakh participants from across India. This year\u2019s competition saw an increase of 40% registrations from last year and some 35% of the participants were women.<\/strong><\/h2><\/div><\/div><\/div><\/div><\/section>\n\n\n\n<section class=\"wp-block-cg-blocks-group undefined section section--article-content\"><div class=\"article-main-content\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 col-md-11 col-lg-10 offset-md-1 offset-lg-1\"><div class=\"article-text article-quote-text\">\n<p>Bringing a new twist in this year\u2019s challenge, Capgemini worked with its client \u0160KODA AUTO Volkswagen India to build the problem statement that captures both organizations\u2019 commitments towards building a sustainable future.<\/p>\n\n\n\n<p>The seven-member winning team \u2018Hawk Eyes\u2019, comprising both students and experienced professionals, developed a solution based on two goals for building a circular economy around electronic waste that would ultimately reduce CO<sub>2<\/sub>&nbsp;emissions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The first goal was to implement the circular economy using a blockchain based platform to simplify and accelerate the process of recycling electronic waste in a seamless way across directly and indirectly connected stakeholders (manufacturers, retailers, wholesalers, consumers, government, environment supporters\/sponsors), dispersed across varied geographical locations.<\/li>\n\n\n\n<li>The second goal was to motivate all stakeholders to participate in this circular economy via an attractive incentive model which involves acquiring green coins to receive tax credits. Ethereum blockchain, which uses distributed, decentralized, no-single-authority and secured technology is at the heart of the system solution, which implements the circular economy model, developed using Truffle, Solidity and Smart Contracts.<\/li>\n<\/ul>\n\n\n\n<p>The Ethereum blockchain Smart Contract tool was used to capture the weight of glass, plastics and various metals used in any electronic product during its lifecycle across varied stakeholders and geographical locations, which later would be used by the solution to measure CO<sub>2<\/sub>&nbsp;emissions. The incentive model was also integrated with the same Ethereum blockchain network, thus making the solution not only feasible and social but also profitable for all potential stakeholders.<\/p>\n\n\n\n<p>Applauding the winners and finalists,<strong>&nbsp;Arul Kumaran Paramanandam, Chief Operating Officer of Capgemini in India<\/strong>&nbsp;said,<em>&nbsp;\u201cThere is an imminent need to reimagine our future as we emerge from the pandemic and contemplate a post-pandemic world. At Capgemini, we are defined by our purpose of unleashing human potential through technology for an inclusive and sustainable future. Aligned with this purpose, Tech Challenge 2021 provided rising young tech talent with a platform to demonstrate the power of their creativity by designing innovative solutions that can solve real world problems. The tremendous response we received this year for Tech Challenge is testimony to our belief in working with partners and clients, like Skoda Auto Volkswagen India, to achieve a shared goal of building an inclusive and sustainable future for all.\u201d<\/em><\/p>\n\n\n\n<p>Attending this year\u2019s Tech Challenge,&nbsp;<strong>Sanjay Khare, Board Member &amp; Vice President \u2013 \u0160KODA AUTO Volkswagen India Pvt. Ltd&nbsp;<\/strong>said,&nbsp;<em>\u201cWe are happy to collaborate with Capgemini\u2019s annual Tech Challenge to address a real societal concern. At \u0160KODA AUTO Volkswagen India, we truly believe that <a href=\"https:\/\/www.capgemini.com\/in-en\/services\/sustainability\/\">Sustainability<\/a> is the only way ahead for a better future as we work towards making our operations in India, carbon neutral by 2030 through our \u2018Go to Zero\u2019 initiative. Technologies like blockchain and AI are playing a major role in changing the way we live, work, and communicate with one another. By using these emerging technologies, we are building a truly circular economy and reducing CO<sub>2<\/sub>&nbsp;emission effectively at scale \u2013 globally and locally.\u201d<\/em><\/p>\n\n\n\n<p>The finalists were evaluated by a jury panel comprising experts from academia and industry, as well as Capgemini India leadership. The external jury members were: Dr. Shikha Singh, Assistant Professor, Indian Institute of Technology (IIT) \u2013 Dhanbad, India; Aditya Kumar Sinha, Director C-DAC Patna, Ministry of Electronics &amp; IT, Govt. of India; and Prasad Deore, Regional Head and Director, NASSCOM. Arul Paramanandam, COO of Capgemini in India, and Nisheeth Srivastava, Chief Technology and Innovation Officer at Capgemini in India, represented the company.<\/p>\n\n\n\n<p>The winning team of the Tech Challenge 2021 won prize money of INR 3 lakh, as well as direct qualification for the final round of interviews for potential employment opportunities at Capgemini. The top 5 colleges with maximum participation in the event were awarded special trophies at the virtual grand finale. Additionally, there were regional prizes for participants, including Top Campus Coders, Fastest Finger, Top 5 Language Coders, Top Women Coders, Social Coders and Zone-wise winners.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"h-about-capgemini\"><strong>About Capgemini<\/strong><\/h5>\n\n\n\n<p>Capgemini is a global leader in partnering with companies to transform and manage their business by harnessing the power of technology. The Group is guided everyday by its purpose of unleashing human energy through technology for an inclusive and sustainable future. It is a responsible and diverse organization of 290,000 team members in nearly 50 countries. With its strong 50 year heritage and deep industry expertise, Capgemini is trusted by its clients to address the entire breadth of their business needs, from strategy and design to operations, fueled by the fast evolving and innovative world of <a href=\"https:\/\/www.capgemini.com\/in-en\/services\/cloud\/\">cloud<\/a>, data, AI, connectivity, software, digital engineering and platforms. The Group reported in 2020 global revenues of \u20ac16 billion. Get The Future You Want |&nbsp;<a href=\"http:\/\/www.capgemini.com\/\">www.capgemini.com<\/a><\/p>\n\n\n\n<p>Capgemini in India comprises over 150,000 team members working across 13 locations: Bangalore, Bhubaneswar, Chennai, Coimbatore, Gandhinagar, Gurugram, Hyderabad, Kolkata, Mumbai, Noida, Pune, Salem and Tiruchirappalli. Learn more about Capgemini in India at&nbsp;<a href=\"https:\/\/www.capgemini.com\/in-en\/\">www.capgemini.com\/in-en<\/a>.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":177,"featured_media":0,"template":"","meta":{"cg_dt_proposed_to":[],"cg_seo_hreflang_relations":"[]","cg_seo_canonical_relation":"","cg_seo_hreflang_x_default_relation":"{\"uuid\":\"d557d4d9-cf36-4b7d-a19d-9c666644e9c2\",\"blogId\":\"\",\"domain\":\"\",\"sitePath\":\"\",\"postLink\":\"\",\"postId\":null,\"isSaved\":true,\"isCrossLink\":false,\"hasCrossLink\":false}","cg_dt_approved_content":true,"cg_dt_mandatory_content":false,"cg_dt_notes":"","cg_dg_source_changed":false,"cg_dt_link_disabled":false,"footnotes":"","related_resource_url":"https:\/\/www.capgemini.com\/in-en\/wp-content\/uploads\/sites\/18\/2022\/07\/Tech-Challenge-2021_Post-event-PR.pdf","related_resource_id":984687,"related_resource_size":"122 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