Vechain, a number one enterprise-grade L1 public blockchain, has introduced the winners of its sustainability-themed hackathon – a 36-hour-long occasion hosted at Harvard University in partnership with Web3 instructional cell app, EasyA, and international consulting agency, Boston Consulting Group (BCG).
- Vechain monitor winner: Movelo, a move-to-earn software that gives corporations the chance to sponsor and reward customers for sustainable transportation selections such as strolling, biking, or ride-sharing.
- BCG monitor winner: FiTag, a mission that delivers a brand new procuring expertise for luxurious manufacturers, enabling provide chain transparency by means of blockchain and NFC tags, digital twins, loyalty-program NFTs, and AR procuring.
- ‘Shark Tank’ Pitchathon monitor winner: PropelPixel, an eco-friendly journey resolution that incentivizes ride-sharing and sustainable journey by means of a bespoke metaverse atmosphere powered by NFTs.
Winners of all tasks have been awarded a portion of $46,000 in prize cash and the chance to entry further funding was introduced at the occasion.
Constructed on VechainThor, vechain’s extremely sustainable public community, Movelo verifies distances traveled by means of strolling or biking on the blockchain, calculating carbon offset and straight rewarding people on the premise of carbon emissions saved. As a substitute of ESG spend, corporations can straight incentivize their staff to make use of sustainable journey choices, with the expertise gamified by means of NFTs and leaderboards, showcasing blockchain’s means to have a significant affect on the enterprise sector by offering sustainable enterprise options.
The BCG track-winning mission, FiTag, is a luxurious trend monitoring iOS app that promotes transparency in a model’s provide chain by means of the vechain blockchain. From sourcing to sale, FiTag makes use of NFC tags to make sure full transparency and help manufacturers with compliance within the newest sustainability rules set by the Trend Business Constitution. Past serving as a market, FiTag promotes a round economic system with its rental mannequin, and its NFTs not solely assure product authenticity but additionally present digital possession.
“By educating builders concerning the viability of Web3 applied sciences as a instrument for sustainable growth — as witnessed at the Harvard hackathon — we’re serving to construct the following iteration of the Web3 economic system.
Developer excellence continues to convey to life the very ethos of Web3, guided by vechain and BCG’s ‘Blockchain Biosphere’ framework outlined in our latest ‘Web3 for Higher’ whitepaper. With this at hand, builders can construct sustainable, practical dApp ecosystems that leverage tokenization and gamification to enhance the world and create new sorts of collective worth,” mentioned Sunny Lu, CEO of vechain.
Smaller money prizes have been additionally awarded to enterprise and sustainability membership college students. The winner of the Pitchathon class was PropelPixel, a platform the place individuals can share their eco-friendly journey experiences whereas constructing an NFT metropolis to showcase their progress and reminiscences. PropelPixel brings a brand new stage of pleasure to carpooling, ridesharing, and public transportation by permitting customers, or Propellers, to take footage, earn tokens, and share these footage with their mates on a safe platform. As soon as customers doc their experiences, they earn digital tokens and NFTs and can share their footage with their mates and household on the platform.
Initiatives have been judged by a panel of business specialists, together with Dr. Bernhard Kronfellner, Associate and co-lead of the digital asset and blockchain group at Boston Consulting Group, and assessed based mostly on their means to handle the developer tracks outlined for the hackathon, specifically, ‘X’-to-Earn sustainability purposes.
“Over the weekend, we noticed the event of really revolutionary blockchain options for enterprises, and we now have the chance to see these winners enter the sector and reshape the way in which entities inside it function.
The occasion additional demonstrates how constructing on sustainable infrastructure like vechain’s community could make sustainability a by-product of enterprise options, which means corporations can each streamline their processes and strengthen their carbon neutrality efforts all at as soon as,” commented Bernhard Kronfellner, Associate and co-lead of the digital asset and blockchain group at BCG.
The hackathon concluded vechain’s #60daysofvechain
About vechain
Vechain, headquartered in San Marino, Europe, is the curator of VechainThor, a world-leading good contract platform spearheading the real-world adoption of blockchain know-how.
By way of leveraging the capabilities of ‘trustless’ information (data with out intermediaries), good contracts, and IoT applied sciences, VechainThor has enabled options throughout a wide selection of fields. Vechain now turns its consideration to the best problem of all — constructing digital ecosystems to drive sustainability and digital transformation at international scale.
About EasyA
Based by brothers Phil and Dom Kwok, former alums of Cambridge University and The Wharton Faculty, EasyA is the world’s main Web3 studying app. EasyA has one of many world’s most proficient and largest developer communities globally, with over 500,000 builders at prime universities and corporations throughout the US and UK. Startups based by the EasyA group have been funded by a16z, YC and many extra prime VCs.
EasyA companions with over 250 of the world’s finest blockchain golf equipment such as the Harvard, MIT and Cambridge Blockchain golf equipment and steadily ranks as one of many prime apps on the App Retailer, having received Apple’s prestigious App of the Day award.