Block.one, the publisher of the EOSIO blockchain is proceeding to the final leg of the EOS Global Hackathon event. The Grand Finale week of the event begins in Cape Town this week where 19 finalists will compete for the top prize. The winner will be awarded $500,000 by the EOS Venture Capital (EOS VC) team on December 7.
The Final Chapter of the Hackathon
The hackathon series witnessed participation from over 1,724 contestants from around the world. The series was held in 5 continents from which 19 have been selected for the finals. By the end of the event, EOS VC will have awarded a total of $1.5 million in prizes during the series.
Three African teams will also be a part of the event. All the teams come from Kenya where they excelled at the Africa virtual hackathon last month. The Grand Finale of the event will involve an Incubation Week, a seven-day program that will let the finalists attend expert talks and sessions to help them learn more about important blockchain and business topics.
There is a dedicated theme for each day. The first day will focus on business review, second on customer insight and so on. The last day will be the Demo Day and awards ceremony. The specific session topics will include investor strategy, financial modeling, token ecosystem and more. Block.one mentors will provide daily coaching and feedback to the finalists to help them create investment pitches.
Demo Day Will Decide the Winner
On the last day of the event, finalists will showcase their blockchain-based applications and compete for the top spot. The judging panel of the finale includes some of the most prominent names from Block.one and the blockchain industry. This includes Rob Jesudason, the president of Block.one and Dan Larimer, Block.one CTO.
Other finale judges include Venture Garden Group CFO Nichole Yembra, Trixta CEO Mark Levitt, Mall for Africa founder and CEO Chris Folayan, former Deutsche Bank Asia CEO Alan Cloete, Sankore Investments founder and MD Titi Odunfa Adeoye and Hames Hedley, the founder, and director of Quicket.
The sustainability of a business model that can grow with investment, the target market size, the feasibility as a scalable blockchain business, the presentation and demo quality, and the real-world application and problem-solving abilities are all factors that will be judged on deciding the winner.
Rob Jesudason commented in the announcement on the finale:
“We believe blockchain will redefine the Internet and society. EOSIO will ease the path to adoption of blockchain technology by creating a system that makes doing business more safe, secure and transparent. The potential to change existing centralized models of commerce and communication is exponential.”