PROBLEM STATEMENTS:
| Problem | Sponsor | Problem Statement |
|---|---|---|
| P1 |  |
Enhance Singapore-India Trade ConnectivityTrust is always the top concern in conducting cross-border trade and overseas expansion. Solution Needed: How can we create a secured and automated platform for the accreditation, certification and validation of proof-of-work or quality of work of Micro, Small and Medium Enterprises (MSMEs) to accelerate trade connectivity between Singapore and India? |
| P2 |  |
Financial Fraud DetectionFinancial fraud and misconduct are one of the biggest issues in safety and soundness of the Financial Sector. Financial institutions have expensive and onerous processes to verify transactions for potential insider trading. Solution Needed: How can we better recognise patterns of fraudulent behaviour to automatically flag potential insider trades? |
| P3 |  |
Delivering Financial literacy at scaleFinancial literacy and education challenges confront developing economies and advanced economies alike, with women and girls amongst the most impacted. Improving financial literacy of women and girls is correlated with decreasing the risk of personal financial distress, increasing the effective management of money and debt, as well as the increased ability to make better financial decisions, and can aid in closing the gender gap. Solution Needed: How can we create a simple yet engaging phygital (physical+digital)/digital platform, tool or experience that brings to life financial education at great scale in order to improve understanding of basic financial concepts and equip women and girls across Asia to make more informed financial choices regarding saving, investing, insuring, borrowing and more. The platform/tool/experience should also take into account different language/vernacular capabilities. |
| P4 |  |
Monitoring Carbon FootprintMost consumers are not aware of their carbon footprint in their daily consumption habits. As a result of this lack of awareness and education, there is a general impression that this is not my problem and that there is nothing they should do or change in their daily habits to reduce carbon footprint. For example, most consumers don’t know that the fashion industry produces about 10% of carbon emissions, which is more than the maritime and international flights combined. Solution Needed: How can consumers be better educated about carbon emissions and the major contributors to rising carbon footprint in the world? The solution would not only educate, but possibly incorporate gamification elements to encourage consumers to reduce their carbon footprint. This software app should not only be educational, but fun as well to encourage consumers and/or family units to be more conscious of their carbon footprint while taking necessary steps to reduce direct and indirect carbon emissions. Once consumer adoption has taken off, governments or corporates can even contribute by providing incentive awards to families or individuals who generate low carbon emissions. |
| P5 | |
Sea level Rise and Coastal FloodingAs global warming continues, sea levels are projected to rise, leading to an increased risk of coastal flooding in many cities worldwide. In Asia, several cities are particularly vulnerable to this threat due to their low-lying topography, large populations, and insufficient infrastructure. Solution Needed: Develop an engaging web platform or mobile app that improves public awareness of coastal flooding issues. Integrate GIS data, infrastructure information to provide users and urban planners with different scenarios of flood risks. Invite users to contribute to data collection and analysis by reporting flood events, photo sharing or participating in flood risk mapping initiatives. This software app should be able to provide users with basic scenario analysis of flood risk scenarios based on different levels of sea level rise. Which areas are most vulnerable and what other areas will be vulnerable if sea levels rise further? Invite users to crowdsource data collection on flooding through photo sharing and/or other data collection initiatives. |
| P6 | |
Optimizing Food RecyclingEveryday, tonnes of food in urban cities is thrown away because they could not be consumed before expiry. Food wastage not only has a big impact on the environment, but also could have been better used to feed communities in need. Solution Needed: Create a platform that connects food suppliers (restaurants, grocery stores, catering services) with local food banks and non-profit organisations. The platform should use data analytics to optimise food rescue routes, minimize transportation costs, and maximize benefits to communities in need. Instead of throwing away food that is close to expiry, or has been cooked but not consumed, can we organise rescue efforts for these food items so that they can be redistributed to those in need? Collection and redistribution logistics are key, and the app should optimise timing and route transport so as to minimize transport costs while ensuring food does not sit around and spoil while waiting to be re-distributed to those in need. Transport distances also cannot be too far for the same reasons. |
The Hackathon has two tracks: Student and Startup
STUDENT TRACK: Singapore and India will identify 24 students each through their respective national challenges. For Singapore, NTUitive shall conduct the challenge and for India, All India Council for Technical Education (AICTE) shall conduct the challenge. These final 48 students shall be paired up in 12 teams comprising 4 students 2 each from Singapore and India. These student teams Shall compete on problem statements pertaining to Fintech, Sustainability and ESG. The top 3 teams will showcase their solutions to select dignitaries in the grand finale in Gandhinagar in Gujarat, India.
STARTUP TRACK: Startups will submit their proposals on their chosen problem statement. 12 finalists shall work on the solution. The top 3 teams will showcase their solutions to select dignitaries in the grand finale in Gandhinagar in Gujarat, India.
