The blockchain and cryptocurrency investor said the hackathon will bring together blockchain teams, developers and blockchain protocols to ideate, collaborate, learn, innovate and build “cutting-edge decentralized, open solutions” to overcome health, social, economic and privacy challenges in the post-coronavirus (COVID-19) era.
Submissions for the hackathon will open on August 10, which will be preceded by pre-hackathon webinars in July, and is expected to attract over 200 participants.
The main tracks for the hackathon will include health, privacy & security, crypto & decentralised finance, user experience and gamification, with additional tracks to be suggested by the sponsoring Track Partners.
Coinsilium and Indorse will pool their networks and reach to attract sponsoring partners to the initiative, adding that the chief executives of both companies will join the jury to assess submissions from the hackathon.
“As nations increasingly rely on technological solutions to fight the pandemic and its side-effects, Coinsilium and Indorse believe that this hackathon has the potential to mobilise the global blockchain tech community to join this effort and contribute to addressing and overcoming some of the many challenges the post-[coronavirus] era will present”, the company said in a statement.
A hackathon is a design sprint-like event in which computer programmers and software developers collaborate on software projects to create solutions at the end of the event.
“The Post Covid Hack is designed to leverage the benefits of using blockchain technology with the ingenuity and creativity of hundreds of developers from around the globe with the objective of reducing the impact of the post-[coronavirus] risks”, said Coinsilium chief executive Eddy Travia.
“Coinsilium could not have partnered with a more able co-organiser than Indorse for this high-profile initiative. The Indorse team has successfully organised several online blockchain hackathons for their Fortune 500 corporate clients and Indorse's network of tech experts will be reviewing all the teams' submissions", he added.