Partners News

Museum of Blockchain Opens at the Grand Prix in Hamburg


Algorand, a recently launched high performance blockchain platform, has partnered with World Chess to develop the first ever pop-up blockchain museum in Hamburg, Germany, in conjunction with the FIDE World Chess Grand Prix.

Blockchain museum exhibition is installed at the FIDE World Chess Grand Prix venue. Visitors can view the exhibition and receive free currency is they download the Algorand wallet. 

When bitcoin, the first blockchain currency emerged, the first transaction was a payment for two pizzas. Whoever sold the pizzas received 10,000BTC (or $80m in todays’s  dollars). 

MVL, the highest-rated player in the tournament, and the Grand Prix leader, stoped by the exhibition on the way to the press conference

The Museum of Blockchain will open on November 5 at the impressive Theater Kehrwieder, the venue of the FIDE World Chess Grand Prix, and run through November 17, 2019. Chess players and visitors to the Grand Prix will be able to walk through blockchain history dating back to early cryptographic beginnings from around 1900 BC.

The exhibition will feature a history of blockchain and showcase encryption devices and other pieces closely connected to the cryptography’s evolution that led to the advancement of blockchain technology that is available today. Visitors will learn about blockchain and download a crypto wallet that can be used at the museum store during the interactive exhibit.

The experience is organized by Algorand, a Boston-based blockchain platform founded by cryptography pioneer and Turing award winner Silvio Micali. Algorand became the official blockchain partner of the World Chess Championship cycle earlier this year and lends its technical expertise to add blockchain technology to chess and gaming in general.


What is Blockchain?


Blockchain was invented by a person (or group of people) using the name Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin. The identity of Satoshi Nakamoto is unknown. Since then, blockchain became widely used in all realms of everyday life, from fintech solutions to ice cream production.

As blockchain becomes more mainstream with the launch of technically advanced platforms, Algorand and World Chess have partnered on this initiative to educate their communities on the historical roots of the technology of the future. The museum will be part of the experience of the FIDE World Chess Grand Prix events and will also have a permanent home next year.

About FIDE

The World Chess Federation or Fédération Internationale des Echecs, (FIDE), is recognized by its members and the International Olympic Committee as the international federation in the domain of chess, the supreme body responsible for the sport of chess and its Championships. FIDE has the sole rights to organize the World Chess Championships and the Chess Olympiads. www.fide.com

About World Chess

World Chess is a London-based media company. It’s the official broadcaster of the World Chess Federation events and a commercial partner of the World Chess Federation (FIDE). World Chess organized the World Championship Matches in Russia, USA, and the UK. It revolutionized chess by signing the biggest media partnerships in the history of chess. World Chess is also developing Armageddon, the chess league designed for television. It operates worldchess.com.

About Algorand

Based in Boston and founded by cryptography pioneer and Turing award winner Silvio Micali, Algorand is an open-source software company building technical innovation for the borderless economy with a platform that delivers decentralization, scalability and security. Algorand’s first-of-its-kind, permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality needed by users to build opportunity and fulfil the promise of blockchain technology. For more information, visit https://www.algorand.com/.

If you are a media representative and wish to obtain more information or request high-resolution images or access to speakers on this project, please contact us at media@worldchess.com.