First Crypto Hackathon and Workshop at Harvard University to be Hosted by Telos

What is Happening?

The Hack Boston event will be the first cryptocurrency hackathon to be held on an Ivy League campus. From September 23-25, the conference will be held in Cambridge, Massachusetts, on the campus of Harvard University.

There will be over 300 attendees, including students from Harvard, MIT, and other prestigious universities.

Even at the elite Ivy League level, there is a growing interest in learning more about crypto assets as a field for building careers in the blockchain industry, as demonstrated by this event. The blockchain clubs at Harvard and MIT, as well as Telos and the Web3 learning app EasyA, are instrumental in the organisation and popularity of Hack Boston.

What is Telos?

Built to power Web 3.0, the Telos EVM is a solid and expandable Ethereum Smart Contract platform. Telos (referred to as “Telos” or “Company”) offers a robust, third-generation evolutionary blockchain governance system that complies with ESG standards. This system includes smart contracts, cutting-edge voting features, and flexible and straightforward fee structures. Telos also aids the blockchain ecosystem by acting as a development grant incubator and accelerator for decentralised applications.

Understanding the Cultural Importance of Hackathons in Tech

The term "hackathon," derived from "hack" and "marathon," describes an event in which participants "hack" for a predetermined period of time. At hackathons, people with a shared interest in computer programming pool their resources and talents to come up with innovative solutions to technical challenges.

No matter the topic, whether it's a Bitcoin hackathon or a Covid-19 hackathon, the goal of each is to create a fully functional prototype of a product based on the theme of the hackathon. It's a meeting place for software project managers, designers, developers, and programmers to collaborate on new ideas. There's healthy rivalry, but the real prize is coming up with something truly remarkable and novel.

Educating participants about new technologies have become an integral part of hackathons, originally conceived as a way for programmers to network and keep up with the latest technological developments. Hackathons are a great way to meet like-minded people, experiment with ideas we're not sure will work, and gain experience with cutting-edge technologies and methodologies. It's an opportunity to try out radical concepts and create working models that we wouldn't normally have.

Constructing a global, decentralised financial infrastructure is a daunting challenge that necessitates constant discovery, innovation, construction, and reconstruction.

Why Hack Boston and Crypto Workshop Hosted by Telos Matters for the Blockchain Industry

Students will get real-world experience with Web3 technology at the upcoming workshops with Hack Boston attendees. Justin Giudici, CEO of the Telos Foundation, and Jesse Schulman, Telos Core Developer, will be in attendance at Hack Boston to run the workshop.

Developers and end users can benefit from the workshop's thorough introduction to the blockchain ecosystem and the company's primary advantages over competing for technology stacks. ESG compliance, ultra-fast transactions, invariable gas prices, unparalleled scalability, and many more features are just a few of the many highlights.

The hacker teams will also benefit from the guidance of Justin and Jesse, who will act as mentors to help them shine during the hackathon. Workshop participants will leave with a deeper appreciation for why it's crucial to select reliable blockchain infrastructure. Money prizes are essential to any hackathon. Telos, as a sponsor, will give out two awards to blockchain projects that address the following two pillars:

The Best of DeFi Award worth $6,000 will be given to the initiative that has done the most to advance the development of conventional and decentralised financial systems. With the advent of Web3 technology, these projects will focus on enhancing financial markets for retail users and institutions such as exchanges, banking services, and lending protocols.

The winner of the Best of Real World Award will receive $4,000, and the winning project will have a significant impact on people's day-to-day lives (for example, creating novel ways to make money via social media or resolving a crucial real-world problem). Consumer-facing projects that employ Web3 technology to address a problem fall into this category.

The company's support of the Hack Boston hackathon is the latest step in its mission to realise Web3's full potential. In the past, the group has backed a wide range of dApps aimed at modernising financial markets, increasing production in developing nations, streamlining supply chain management, decreasing carbon emissions, etc. To get to the future of blockchain, we need the critical infrastructure that drives the creation of these decentralised solutions.

Final Thoughts on Harvard Hackathon

Hackathons are critical for supporting invocation and creativity in the tech industry. In my opinion, crypto hackathons are critical for promoting technological advancements in the field of cryptography, DeFi, blockchain and GameFi. Hackathons in the Ivy League are an excellent method of attracting young talent and enabling talent to build decentralized applications that disrupt our society.

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Image credits: Vadim Sherbakov, Robert Bye, Pascal Bernardon.