TBD, a part of Block, has announced the launch of the TBD Hackathon, held in collaboration with the Africa Bitcoin Conference.
The hackathon is an exciting competition designed to drive innovation, creativity and technological advancement of payments in Africa using the tbDEXopen-source protocol.
The submission period for the hackathon is between July 31 and September 15, 2024. The hackathon culminates on December 9 to 11 in Nairobi, Kenya, at the Africa Bitcoin Conference.
The TBD Hackathon initiative is aimed at unleashing the potential of African developers and innovators.
The competition will bring together the best builders and entrepreneurs to address issues in payment systems across Africa. Currently, many African countries face challenges such as limited access to banking services, high transaction fees and inefficient cross-border payments.
TBD’s open-source trust protocol, tbDEX, aims to address these problems by connecting users to wallet providers and financial institutions of their choice.
Developers across Africa will be tasked with developing a payment application that leverages the power of tbDEX. They will be provided with a sandbox.
Six teams of finalists will be chosen and flown to Nairobi, Kenya, to attend the Africa Bitcoin Conference and pitch what they have built to a panel of judges.
The top three projects will be awarded prizes as follows: First prize: $15,000 in BTC, second prize: $10,000 in BTC, third prize: $5,000 in BTC.
“We encourage developers, entrepreneurs and innovators from all over Africa to participate,” said Angie Jones, Global VP of Developer Relations for TBD.
“Whether you are a seasoned professional or a passionate newcomer, the TBD Hackathon is the perfect platform to build the next generation of financial tools for the continent,” she added.
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