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Coinsilium successfully launches blockchain hackathon initiative

The Post Covid Hack, launched last month, is designed to mobilise and incentivise blockchain developers to build solutions to address social and economic issues emanating from the coronavirus pandemic

Coinsilium Group Limited - Coinsilium successfully launches blockchain hackathon initiative

Coinsilium Group Limited (LON:COIN) said it has successfully launched The Post Covid Hack, a global blockchain hackathon initiative organised in partnership with its portfolio company Indorse ltd.

An online hackathon is a design sprint-like event, spread over several weeks, in which computer programmers and developers collaborate on software projects to create functioning software solutions by the end of the event. The blockchain advisory group said the objective of the Post Covid Hack is to mobilise and incentivise blockchain developers to build solutions to address social and economic issues emanating from the coronavirus pandemic.

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The hackathon, which has enlisted the support of over 60 partners, was launched in August with the opening of registrations and a series of pre-hackathon educational webinars. The event will now run through to November when judges and track partners will evaluate project submissions ahead of the final Demo Day and award ceremony.

"Both the Coinsilium and Indorse teams have been overwhelmed by the global response received for the Post Covid Hack and the quality of partners that this worthy initiative has been able to attract…From a commercial perspective, it is also most pleasing to see Indorse's technical capabilities at work; having effectively positioned their proprietary blockchain-powered technology platform to create a world-class enabling solution for this high profile global online event”, Coinsilium chief executive Eddy Travia said in a statement.

"The Post Covid Hack now serves as a robust commercial proof of concept and the perfect showcase for Indorse's innovative Technology Industry solutions. Indorse's community of developers and validators will also play a vital role in the hackathon process which provides us with a high level of confidence in the potential for similar future partnership opportunities between Indorse and Coinsilium … We look forward to reviewing the open, permissionless solutions built by developers in the next couple of months which aim to accelerate the post-Covid social and economic recovery process", Travia added.

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