Understand blockchain? Take the challenge of #SWITCH! hackathon!

[OpenBanking2.0]

#SWITCH! hackathon is a part of the largest ICT and entrepreneurship event in the Baltic region that will take place on September 18th.

This year’s #SWITCH! hackathon is initiated and sponsored by Swedbank and will be aimed at Open Innovation trends in the financial industry - Open Banking 2.0. blockchain - decentralised bank account address book. Teams-participants of the hackathon will try to develop a unique decentralized business model concept and proof of concept for decentralized bank account address book.

This year’s topic was inspired by recent rapid banking market liberalization which opened the doors to the development of open banking models and emergence of instant payments. Today, in the blockchain world there are already plenty of ICOs, however, its applicability in real world is often limited. The consequence is the negative image of blockchain technology. Thus, we hope that #SWITCH! hackathon will become the place where a new concept for the real world blockchain application appears.

During the Hackathon, the participants will have to find answers to the following questions:

•   Is it possible to develop a model which will benefit from the decentralization and ensure high data protection standards arising in the market?

•   Can we develop a model which will ensure that only certified service providers can join it while the system still remains decentralized?

•   What will be an economical model of this decentralized solution?

Swedbank, the sponsor of #SWITCH! hackathon 2017, is inviting blockchain technology enthusiasts and evangelists from all over the world to apply for a participation until 18th of August by filling registration form at http://switchit.lt/en/participate/hakatonas/. Two different profiles of people are expected - business leaders understanding the effect of this technology and programmers which are good at technical details. Teams will be formed of these people with different competencies.

For selected candidates, organizers will cover travel expenses, including flight tickets and accommodation.

Have any questions? Contact us OpenBanking@swedbank.lt.

[1715001263]

1715001263

[1715001263]

1715001263

[jal007]

we realy need this kind of hackathon.

[d_emeryk]

I have never joined a Hackaton before and maybe if i would apply one I would not be accepted as my knowledge on technicalities is very much limited. Now, I know that an event like this can result into many possibilities and ways for us to develop the blockchain technology. We should be encouraging more and more like this as there are still so many questions that must be answered.

Better To Try And Fail Than Never To Try At All, Agree?
Had a chance to participate in several type of hackathons, but this one has a potential to be different at least because of chosen stream - Banking in Blockchain, seems a good field for investigation and brainstorms with interested people, for knowledge growth and sharing purpose for sure.
Almost all Hackathons welcome different profiles of people to join and form teams with different competencies and knowledge levels.
There is always an opportunity to cover different but still connected challenges within T-shaped team in addition to POC coding.
Each team should have strong vision towards possible Business model,  idea impact and possible MVPs, it also takes a lot of time from Business and Technical experts.
Pair or MOB programming are being more then welcome during such events.