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Algorand Foundation, through its India-focused initiative AlgoBharat, awarded US$10,000 to the winner of its Creating Impact! Pitch Competition, for transformative blockchain-based solutions, on Friday (1st Dec). The winner is LW3 from Assam, whose P3 (Phygital Product Passport) is a traceability solution that uses a combination of IoT technologies and Algorand’s blockchain protocol. Algorand also announced partnerships with T-Hub and TiE Bangalore to further bolster the Web3 ecosystem in India. Winners of the competition were judged based on criteria such as impact, scale, development, and team.