Based on the data accessible, Concord Hackathon will final for six weeks. The Hackathon will start on August 15, 2021, and ends on September 30, 2021.
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There might be three classes, and each may have 4 challenges for the specialists to finish.
🚀 1/ We’re completely happy to announce the Bridging #TradFi to #DeFi #hackathon the place Concord, together with prize companions, might be giving as much as $1,000,000 in prize cash and non-dilutive seed funding. Why are we doing this?https://t.co/qeq6U9M0LV
— Concord (@harmonyprotocol) July 15, 2021
Presently, the organizers, Concord blockchain, have disclosed that the registration for the occasion will begin in August. Additionally, there are a couple of million {dollars} accessible in seed funds and participant prizes. The corporate made the announcement on Thursday via Twitter.
Based on the announcement, the hackathon goals to realize cooperation between conventional finance and decentralized finance.
Moreover, the staff goals at bringing extra individuals from the normal finance sector to sort out the challenges affecting each their business and the DeFi sector.
A Temporary On Upcoming Hackathon
Based on what Concord revealed, the Hackathon will are available three classes. These classes may have 4 challenges, together with cross-chain & trustless bridges, cross-border with fintech integration, social wallets & keyless safety.
Concord additionally made some statements on Twitter saying that blockchain finance is the place there’s product-market match. Nonetheless, many individuals who created decentralized finance aren’t of conventional finance.
Subsequently, Concord goals at bringing extra conventional finance specialists so as to add their data to decentralized finance.
Concord additionally talked about that conventional finance specialists have many issues to show them in DeFi. Likewise, DeFi practitioners may also assist them perceive the sector extra and learn to put it to use. So, will probably be a mutually helpful occasion for each TradiFi and Defi.
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Regarding the occasion, Concord disclosed some individuals who will communicate within the occasion or function judges for the contributors.
Based on the blockchain, these individuals embody, Omakase, the core developer of SushiSwap, Lily Liu, the co-founder of Earn.com, the lead for DeFi Alliance Imran Khan, and different outstanding individuals within the business.
Additionally, the occasion sponsors embody Messari, SushiSwap, CoinGeckom, Unstoppable Domains, DoraHacks, DappRadar, Hummingbot, and The Defiant, a information platform.
A Temporary on Concord
Concord is a Sharding protocol that makes use of a “Trustless Ethereum Bridge” to separate its blockchain into completely different segments. These segments are accountable for the processing and storage of information in parallel.
The mainnet launched in 2019, and since then, the corporate has partnered with many others to push its operations additional. Additionally, Concord has accomplished many integrations since then as effectively. As an illustration, it added Terra to its blockchain to make use of the token on the apps within the ecosystem.
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The blockchain disclosed that it could sponsor the Hackathon in June. Based on the blockchain, it goals to achieve 10 billion customers, which is a option to obtain it.
The registration will finish on August 15, and groups can solely be 5 individuals. As soon as they reached the submission deadline, the occasion will kick-off.
Featured picture from Pixabay
