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Hackathons benefit from blockchain-enabled voting, rewards, and transparency

June 29, 2020

TAIKAI, a hackathon management platform, announced this on June 29 It would use the Telos network to provide a fully transparent and verifiable blockchain voting system and as a token-based reward mechanism.

Telos is based on EOSIO technology, and TAIKAI previously used EOSIO for this functionality. It was even mentioned in the EOS blog earlier this month.

Chopping is not always a bad thing

TAIKAI describes its platform as an open social innovation network that facilitates the meeting of companies with challenges and is supported by a community of innovators.

Hackathons benefit from blockchain-enabled voting, rewards, and transparencyHackathons benefit from blockchain-enabled voting, rewards, and transparency

The hackathon format offers companies an affordable way to attract a large number of highly specialized talents to focus on future problems.

Given this focus on combining challenges and solutions, it was crucial to find the right blockchain network to operate the platform. TAIKAI CEO Mário Ribeiro Alves explains:

“TAIKAI is a community-driven platform and we are looking for like-minded partners who can help us achieve a network effect. Fortunately we found TELOS and from the first meeting we knew we were fully focused. I am confident that if we connect companies with innovative teams to solve real challenges, we will build a great future together. “

Blockchain as an enabler

Blockchain has been part of TAIKAI’s vision and Alves from the start recognized the value of “tokenization as a way to provide a transparent and verifiable selection process for hackathons and other innovation challenges.”

However, It was important that a normal user didn’t notice a difference between using a blockchain-enabled platform and a non-blockchain platform.

Since its creation in March 2019, the company has founded some of the largest companies and universities in its home country of Portugal and is striving for global expansion.

The Telos network has gained ground in recent months and has become the preferred blockchain for Transledger’s interoperability platform, the All_EBT program for food aid in the United States, and announced support for Ethereum smart contracts after the launch. a virtual Ethereum machine.