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Hackathons Benefit From Blockchain Voting, Rewards and Transparency

Hackathons Benefit From Blockchain Voting, Rewards and Transparency

Hackathon administration platform TAIKAI introduced June 29 that it could be utilizing Telos community to offer a completely clear and auditable blockchain voting system, and as a token reward mechanism.

Telos is constructed on EOSIO know-how, and TAIKAI had beforehand been utilizing EOSIO for this performance. It was even the topic of a function on the EOS weblog earlier this month.

Hacking isn’t all the time a nasty factor

TAIKAI describes its platform as an open innovation social community, which facilitates the bringing collectively of corporates dealing with challenges, with a neighborhood of innovators to assist resolve them.

The hackathon format offers a price efficient approach for corporations to draw a wealth of extremely specialised expertise to deal with the issue at hand.

With such a deal with matching up challenges and options, discovering the suitable blockchain community on which to run the platform was key. TAIKAI CEO Mário Ribeiro Alves explains:

“TAIKAI is a community-driven platform and we search for like-minded companions that may assist us create a community impact. Happily, we’ve discovered TELOS, and we knew from the primary assembly that we have been utterly aligned. I’m assured we’ll construct an awesome future collectively as we join corporations with progressive groups to unravel real-world challenges.”

Blockchain as enabler

Blockchain has been a part of the TAIKAI imaginative and prescient from the beginning, with Alves realizing the worth of “tokenization as a approach to offer a clear and auditable choice course of to be used in hackathons and different innovation challenges.”

Nevertheless, it was essential {that a} common consumer wouldn’t discover any distinction between utilizing a blockchain-enabled platform and a non-blockchain platform.

Since launching in March 2019, the corporate has introduced on board among the largest companies and universities in its native Portugal and is seeking to broaden globally.

The Telos community has been gaining traction in latest months, turning into the blockchain of alternative for Transledger’s interoperability platform, the All_EBT meals help program in america, and has introduced assist for Ethereum good contracts following the launch of an Ethereum Digital Machine.

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