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IOTA Foundation Partners with Odyssey Hackathon in Groningen NL

from The Bitcoin News 5 years ago 0 0 805

In 2018, the Odyssey Hackathon was attended by 1,000+ people. As a result, they were able to produce 64 prototypes. This year, Odyssey expects 1,500 attendees who will collaborate to resolve 20 real-life challenges in different areas. These challenges include public utility networks, self-owned digital ID, biometric data communication, and a lot more.

IOTA Foundation will collaborate with the Odyssey Hackathon
Odyssey connects corporate, governmental, and non-profit launching partners to pre-startups, startups, and SMEs
The event plans to produce prototype solutions to real-life challenges

Teams will be competing for a cash reward of €200K and a chance to have access to the Decentralized Business Incubation Program. The programs can help them scale their solution with the partner consortia and Odyssey Acceleration Partners.

Participants can expect to get support from the IOTA Foundation during and after the event. The foundation has selected the challenges and ensured that they are compatible with the IOTA protocol so the participants can solve them using the tangle. Below are some of the tracks that the IOTA Foundation are choosing to support:

1. The IOTA foundation wants to support Vattenfall to transition to a more sustainable energy system with the use of the expansion of renewable production and climate-smart energy solutions for their customers. To come up with a solution prototype, the foundation has posed the Vehicle to Grid (V2G) challenge. This will allow them to see how Electric Vehicles can be used as mobile assets to enable electricity grid flexibility.

2. Another challenge in the event is a Nature 2.0 challenge. It requires building digital commons with the use of distributed ledgers & AI. IOTA Foundation is looking for teams to build ownerless systems that can deliver a net benefit back to the communities where they operate in. These systems can improve how our future communities operate.