Joint win for hackers

2018-02-13 06:01
Winners of the Cape Town Blockchain Symposium Competition.

Winners of the Cape Town Blockchain Symposium Competition.

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Two local development companies jointly won the first ever hackathon competition hosted in Cape Town.

Yuna and Whenmoon walked away with a prize of R100 000, beating more than 80 other participants from around the world.

The 10-day Blockchain Symposium Competition was hosted by Linum Labs and AIFMRM.

The hackathon initially kicked off with a five-day digital bootcamp, during which participants were trained in overarching fintech trends, as well as the blockchain tools required to develop decentralised applications and protocols.

Paul Kohlhaas, Founder of Linum Labs and one of the hosts, says the event was a success, with lots of ideas shared among the participants.

“The event has shown us two things: Firstly that the applications of blockchain technology in improving people’s lives in Africa are immense, and secondly that it is much easier to build those applications than many people think – we just need to work together,” he says.

Khungela Mzuku of Yuna says he believes that their project excelled because it is a uniquely African product which solves problems in a cost-effective way.

Mzuku says that through the competition they were “exposed to individuals who had gained experience in blockchain space, and they helped us wrap our heads around the technology. This enabled us to apply all of our newly- acquired knowledge to our idea, and played a role in our eventual success”.

Christopher Maree of Whenmoon says the competition was exciting and inspiring as it exposed them to the high standard presented by the other groups. “We learnt an incredible amount from these projects and their usage of this technology. Given the quality of our competitors and the products they produced, we are very honoured to have won. Going forward, we plan to leave the project open-source, encouraging future development through use of our platform in the Ethereum community. As a team, we intend to further our knowledge and exposure in this exciting space,” he explains.

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