That's a lot of words to say that some money goes into a prize pool, and is awarded by a hand-appointed committee. It would be interesting if the prizes were a

That's a lot of words to say that some money goes into a prize pool, and is awarded by a hand-appointed committee. It would be interesting if the prizes were awarded based on some kind of trustless distributed process, but that's explicitly not happening here. Without that, it doesn't seem like a blockchain is adding anything important to the existing (though underused) concept of incentivizing innovation through prizes.