Will the blockchain get hackathons to go virtual

TAIKAI hackathon management platform to deploy transparent voting systems and blockchain

Will the Covid-19 be the death knell of hackathons? If the world record for “more hackathon participants” was beaten last year in Russia, with 3,245 people gathered for 48 hours, the future could be less rosy for these great masses of computer development, which should also move into the virtual era because of the health crisis.

However, these major events were up to now mainly organized during large physical gatherings. The transition to the virtual whole therefore imposes as a major challenge for the organizers of hackathon. The need for virtual hackathon management software is already being felt by companies that host innovation challenges or are looking for talent remotely.

Telos, a popular blockchain platform, has teamed up with the TAIKAI hackathon management platform to deploy transparent voting systems and blockchain incentive tokens. The big challenge of hackathons is fair accountability and evaluation, which are essential in any incentive-based situation. The Telos network will provide TAIKAI with a blockchain-based simple voting mechanism that allows a fully transparent and verifiable competitive assessment by all stakeholders.

Transition to the virtual whole

For hackathon participants and evaluators, the Telos network will be used to reward stakeholders with symbolic incentives. “TAIKAI gives us an extra vital space where shareholders see the value of the Telos blockchain governance system,” says Suvi Rinkinen, CEO of the Telos Foundation. “ “As remote work grows, initiatives like online hackathons that can enable remote governance through consensus mechanisms are more important than ever,” he said.

Hackathons have been an important testing ground for global talent, as well as powerful drivers of innovation. In the business world, hackathons have given rise to applications, provided significant financial support and also helped developers find their way into the sights of diverse and diverse investors. Hackathons have also become a powerful driver of service-based innovation, particularly in areas such as justice and ecology.

“TAIKAI is an ideal partnership for Telos as we are both interested in bringing the power of blockchain to use cases that can have an impact today and into the future,” says Telos Chief Architect Douglas Horn. “ TAIKAI is ready now to introduce hackathons that can not only help find solutions to urgent problems, but also help organizations discover new talents to use their existing technologies in new and creative ways. »