In an effort to foster further development of blockchain technology, WanXiang Blockchain Labs, a Chinese research organization, and Deloitte, among the biggest accounting and audit firms worldwide, have teamed up to introduce the very first Shanghai blockchain hackathon starting on January 8th.
“Our concentrate on how innovation and going digital are altering the methods we live is worldwide orchestrated. Deloitte individuals from the various countries worldwide [have] formed a specialized group ‘Deloitte digital’ to understand the effect how digitizations [sic] is changing every market and environments for each market, so that we as a company can help ourselves and our clients to adjust to this environment,” Yi Qing of Deloitte stated in an interview with Bitcoin Publication.
The hackathon, sponsored by FBS Capital with technical support offered by the Ethereum team, is open to anyone that wants blockchain innovation. According to occasion’s site, the organizers wish to bring in a diverse crowd, “whether you are blockchain experts, technology geeks, designers, or non-technical curious individuals.”
“The focus is on blockchain as an entire,” stated Bo Shen, co-founder of Blockchain Labs, in an interview with Bitcoin Publication. “Ethereum is one of the supports, but any tech is motivated.”
The very first day of the occasion will be concentrated on separating the participants into small groups and conceptualizing ideas for the groups to build throughout the competitors. All day Saturday will be invested hacking and on Sunday, teams will present their prototypes to the event organizers and a space of investors.Shen described that he is
a co-founder of a mutual fund with partners Vitalik Buterin and Feng Xiao. The fund is dedicated to investing in start-ups and applications making use of blockchain technology.Along with the chance to pitch to financiers, the organizers are
also distributing $100,000 in prizes to the winners. The top place group gets $ 30,000, second location gets$ 20,000, and the 3rd place team gets $ 10,000. In addition, there are three unique prizes of $ 10,000 and a FBS Capital Special Prize of $10,000.”The Chinese market is not to be missed. And we wish to set a worldwide level
playing field here,” said Qing. She explained that Deloitte’s goals are to” educate the market from idea to useful applications; setting up a platform for Blockchain developers cross borders to share coding experiences and concepts; engage engineers and corporate participants to check out Blockchain applications for numerous markets in genuine company world.” For more information about the event or register, see blockchain-hackathon. eventdove.com.Jacob Donnelly
is a full-time item manager and freelance reporter covering stocks, business and bitcoin. He runs a weekly digital currency and blockchain newsletter called Crypto Short. The post WanXiang Blockchain Labs and Deloitte Partner on Shanghai Blockchain Hackathon appeared first on Bitcoin Publication. Bitcoin Publication