Students from the Indian Institute of Technology (IIT) Indore, India, won AED 1 million by winning the gold medal at the World Government Summit in Dubai on Monday.

Niyati Totala and Neel Kalpeshkumar Parikh of The Indian Institute of Technology (IIT) Indore, were awarded the prestigious medal by Egyptian President Abel Fattah Al-Sisi.

These students were the creators of the ‘Blockbill’ app.Blockbill is a blockchain-based receipt generation app that generates digital receipts for all of its users’ transactions.

This app solves multiple problems, which aids the transition away from the production of thermal papers for printing receipts. Thermal papers which are ubiquitous and found in most retail locations cannot be recycled because of the chemicals that are used to create it. Blockbill is conceptualised to solve this issue.

The “M-Gov Award” and the “GovTech Award” are annual awards organized by the UAE government as part of the World Government Summit. These awards are designed to encourage pioneering students, researchers, government agencies & institutions, private sector companies and startups to develop innovative solutions using the latest technologies in order to address evolving local and global challenges and explore new opportunities for a better future for humanity.