World Blockchain Hackathon Gives Babylon Project Details
World Blockchain Hackathon has announced the details of the Babylon Project, their latest hackathon that is due to take place on October 9 -11, 2020.
The three-day global virtual event is expected to attract more than 3000 participants and contributions across 50 countries, including from the African continent.
The Babylon Project is a protocol agnostic and community focused hackathon. For this reason, participation is free and open to respected global and local organizations that have aligned visions.
The Babylon Project is based on the historical Babylon, which many consider to be the cradle of civilization - the first time a complex societal structure came into existence by bringing together different people under one common vision to build. The project aims to democratize access to global innovation with blockchain technology: the project aims to develop a new generation of diverse leaders in the crypto community within the next 5 years, says World Blockchain Hackathon.
Gideon Nweze, the founder of World Blockchain Hackathon, says the hackathon will focus on teaching developmental skills in blockchain and building an accompanying protocol-agnostic developer community.
The hackathon series has been held for three years running and provides a strong potential for hackers' innovations to attract venture capital. "Silicon Valley VC firms and other international investors are actively participating in the judging for the stated purpose of assessing fresh blockchain investments," said Nweze.
"The way I see blockchain," Nweze says, "is the same way I see the rise of electricity in the late 1800s or the internet in the late 1900s. We're at a time where one revolutionary idea can create a significant amount of technological change in a short amount of time. Though I've been involved with blockchain for a long time, I have noticed that there isn't an easy way to onboard those who aren't familiar with this technology yet, and that it's fairly difficult to actually teach people the skills to make an impact in this ecosystem. This is what I want to change with the Babylon Project."a
Building global capacity
Chukwudi Derek Uche, the CoFounder and CEO of Village, a startup aiming to create an alternative to real estate ownership notes that blockchain technology is still nascent, “but for it to grow to its potential, we need to educate everyone about it. We need to show people what the world can look like in ten, twenty, thirty years with it, and get enough current outsiders to believe the same vision the people in this community do."
The Babylon Project is partnering with international startups and developer communities, and impact focused organizations. Though the Babylon Project is creating the foundation to support up-and-coming blockchain companies that may launch at the event, many venture capital firms are already seeing the value of this technology.
Dennis Liu, a director at BitTemple and a speaker at the Babylon Project, says, "Blockchain is the ultimate tool to remove international barriers by enabling trust and efficiency between different cultures."
The Babylon Project says it is committed to supporting emerging and diverse leadership in the crypto space, noting that 80% of the Babylon Project staff are of underrepresented backgrounds, further solidifying the organization's dedication to amplifying minority voices in the crypto and blockchain community.
"One of the problems of hackathons is that there are many projects that can become billion dollar companies," says Vadim Romanov, a venture capitalist at Elysium, a VC firm in Silicon Valley. "But they don't have a lifeline or a path to funding. Providing resources to foster and reward innovation will create even more innovation, expanding this technology even faster than automation, electricity, and internet technologies."