Building next-gen enterprise blockchains, Symbol by NEM and NIS1.
With Symbol from NEM going live on January 14th, 2021 as part of #SymbolLaunchFest, NEM is excited to announce the launch of the #PoweringPossibility Hackathon, a 3-week online event kicking off on January 9th that offers developers and designers an opportunity to create innovative applications powered by the groundbreaking blockchain technology from Symbol.
Prizes up for grabs range from the possibility of creating a viable project through the NEM Ignite Incubator Program, with hands-on mentorship, commercialization guidance and financial support of up to $10.000, to thousands of dollars worth of XEM!
The world’s leading mining expert and NEM’s Chief Technology Officer, Kristy-Leigh Minehan, will be leading the Hackathon, with support from many key figures in the NEM ecosystem and broader blockchain space.
December 21st - Hackathon announced and applications open
January 9 - 10th - Hackathon kicks off
January 31st - Hackathon ends
February 1st - Judging period begins
February 8th - Judging period ends
February 10th - Hackathon winners announced and prizes awarded!
The hackathon will focus on creating solutions using the Symbol functionalities to solve real world problems. This will be divided into four tracks:
Hybrid - A submission that utilizes both a public and private chain on Symbol.
Interoperability - A submission that utilizes both Symbol as well as another blockchain protocol.
Libraries & Plugins - A submission that extends the functionality of Symbol through the plugin system.
Design - A submission that improves upon the user experience, UX or UI of a given product.
Submissions must build (or update) an open-source software application or integration that leverages Symbol features. To qualify for prizes, participants must abide by all of the rules and the following minimum submission requirements:
1. Any submission must be released under the Apache V2 license.
2. Any submission must have clear, cleanly documented code in plain English.
3. Any submission must have an additional video or document explaining the rationale and use case behind the submission, as well as a working demonstration.
4. Any submission must be running on the Symbol main-net.
5. Any submission must be in a GitHub or GitLab repository - we will not accept closed binaries or packages sent through email.
The judges will take into account the four following criteria when making their decision:
2. Real-world usefulness
3. Documentation & Quality
Individuals – and teams of individuals – must all have reached the age of majority in their jurisdiction of residence at the time of entry. Note: NEM Group and its affiliates are not eligible for participation.
1st Place prize⭐
Offers the possibility of creating a viable project through the NEM Ignite Incubator program, with investment of up to $10.000.
2nd Place prize⭐
$7,000.00 in XEM for the selected project.
3rd Place prize⭐
$5,000.00 in XEM for the selected project.
To apply to take part in the #PoweringPossibility Online Hackathon, visit: https://powering-possibility-hackathon.devpost.com/
Symbol is NEM’s next generation enterprise blockchain platform, a culmination of 4+ years of heads down building, testing and collaborating by the NEM Core Developers, community and supporting entities. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.
Symbol was purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. Utilizing a unique hybrid (public/private) architecture, Symbol enables businesses to benefit from the beloved transparency associated with public blockchains, while also enabling data restrictions and encryption measures to be put in place to secure more confidential information.
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