You are invited to take part in this contest by offering ideas for a DeFi application that can serve as a payment mechanism for the Maasai Mara travel sector.
The top eight projects will receive invitations to take part in a live hackathon in Kenya’s Maasai Mara. Along with financial awards, the competition’s winners will have access to finance, business accelerator programs, mentorship, and other tools to aid in the development of their solutions.
Eligibility Criteria
- African residents who are interested in participating in the hackathon are welcome to submit an application.
- Applicants must be at least 16 years old, possess the necessary qualifications, and be given permission to participate.
- Teams that made the short list will have to fly to Kenya’s Ishara Mara to take part in the one-week physical hackathon.
- The demonstration video, text description, and testing guidelines must all be in English, or if they are not, the Entrant must supply an English translation of all other submission materials as well.
Benefits
- 1st, 2nd, and 3rd place winners stand a chance to win both cash and in-kind prizes.
- $100,000 in prizes (cash in USDC, and in-kind).
- Acceptance into Antler’s Nairobi incubation program.
- Access to follow-up funding from Mara and partners.
- Mentorship from Mara and partners.
Other advantages are:
- Everyone who completes a successfully submitted software or web service will receive developer badges.
- Access to partners who are hiring developers
- The ability to work with partners who have project managers with a background in developing or managing blockchain applications.
Challenge
Attempting to provide financial services often provided by centralized corporations like banks, lenders, or insurance companies, decentralized finance (DeFi) applications are created on blockchain platforms. Applications that let participants in the Maasai Mara ecosystem view the distribution process and guarantee that the intended beneficiaries are given credit should be made available.
Anybody, wherever should be able to use your solution, regardless of the distance. This includes offering service in areas with low smartphone and internet usage. The remedy must incorporate:
- Offer transparency to all relevant stakeholders
- Use low-tech payment confirmation technology like USSD, MPESA and Identity
- Must adhere to best practices including KYC/AML policies
- Use the blockchain of your choice
Judging Criteria:
- Originality – 20 %
- Innovation – 25 %
- Analytical Skills – 10 %
- Strategic Thinking – 15 %
- Practical Implementation – 30 %
How to Apply
Your team must finish the first four stages by August 5 in order to qualify for the fifth and final stage, which will take place in the Mara.
This information was first published on nyscinfo.com DMCA PROTECTED.
Source: Nyscinfo
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