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It’s no secret that Lebanese residents are going through unprecedented challenges: financial, well being, and humanitarian crises. Nonetheless, what retains us going is the hope we share and the youth which might be the spine of Lebanon’s future.
“I <code> for Lebanon” is an initiative launched by the Darwazah Heart for Innovation Administration & Entrepreneurship of the Olayan College of Enterprise (OSB) on the American College of Beirut (AUB).
Its essential purpose is to showcase the significance of involving the youth find concrete options that assist with the continued hyperinflation by blockchain and cryptocurrency.
The Hackathon was held on Might 27, 28, and 29, 2022. Previous to this, the individuals had the chance to attend preparatory lectures that target the potential of blockchain in serving to with hyperinflation.
Following the workshops, the 6 groups have been skilled by specialists to learn to simply translate their concepts into an actual resolution.
Throughout the opening ceremony, 2 panels that characteristic cryptocurrency specialists tackled the related Lebanese native issues in addition to how the worldwide patterns can have an effect on Lebanon.
The individuals had 48 hours to arrange earlier than demo day. On the day of the competition, the jury was made up of internationally famend crypto and blockchain specialists, researchers, and builders.
Lastly, the hackathon was clotures by awarding 4 successful groups that acquired money prizes from the occasion’s sponsors:
- 1st Prize: CrypLock – The successful staff got here up with the thought of a digital escrow that “brings trustless operations to over-the-counter crypto transactions.”
- 2nd Prize: Cash2Coin – The staff proposed stablecoins to facilitate crypto transactions.
- third Prize: Walleti-Enhance Mass – It tackles “market adoption of crypto by providing pre-paid crypto scratch playing cards and an app.”
- 4th Prize: D-Financial institution – The startup targeted on “enhancing SME popularity constructing by way of blockchain-based networks”
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