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Klaytn Hackathon Kicks Off — Calling All Developers to Join

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  • A six-week-long virtual hackathon taking place from April 12th to May 31st
  • Inviting all developers worldwide for an opportunity to create blockchain services on the Klaytn public testnet Baobab
  • Seeking to give equal access and chances to all interested individuals and communities beyond geographical barriers

 

Ground X, the blockchain subsidiary of the leading South Korean mobile platform, Kakao, announced its first ever Klaytn Hackathon, which takes place from April 12th to May 31st, open to participants worldwide.

Klaytn Hackathon provides the participants with an opportunity to create BApps (Blockchain Applications) by utilizing the Klaytn public testnet Baobab, which was launched on March 29th. Unlike traditional offline hackathons, Klaytn Hackathon is an online competition where any individuals or teams around the globe can access and participate.

Any developers with great ideas for blockchain services can participate by registering on the official Klaytn Hackathon homepage at www.klaytnhackathon.com. Also available are other online community channels including the official Klaytn Reddit page (https://www.reddit.com/r/klaytn/) and the official Klaytn Developers Group on Facebook (https://www.facebook.com/groups/klaytndevelopers) where participants can share ideas and ask development-related inquiries.

The Klaytn developers, global crypto venture capitals and accelerators, and Klaytn’s initial service partners will participate as judges to select four winning teams and award prize money along with Klaytn’s token KLAY. The first and second place winners are awarded $7,000 USD and $5,000 USD respectively with KLAY. They will also be given the opportunity to attend TXGX, the technology-oriented forum organized by Ground X, which will take place in Seoul late 2019 (flights/hotel accommodations included). The third and fourth place winners will receive $2,000 USD with KLAY.Other participants that have submitted their final works can still receive 150 KLAY each. The winners will be announced on the official Klaytn Hackathon homepage in late June.

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According to Jason Han, the CEO of Ground X, heading the development and operation of the Klaytn platform, “Our Klaytn Hackathon is designed to benefit passionate developers seeking to create blockchain services that can contribute to expanding the Klaytn ecosystem.” He added, “We are also keen to collect any technical feedbacks during the competition so that we can strengthen our platform before the Klaytn mainnet launch.”

Continuing its community building efforts, Klaytn plans to hold meetups to introduce the public testnet Baobab and the Klaytn Hackathon. The hackathon meetups will take place around various cities in Asia with the first meetup to kick off in Vietnam’s Ho Chi Minh City on the 25th. Next meetups will be in the Philippines and Thailand around late April to early May. Any questions or concerns can be submitted to [email protected].

 

SOURCE Klaytn

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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