Event Roundup

Web 3.0 Hackathon highlights promise of blockchain tech

  • Team Quartz takes home top prize for enhancing IoT blockchain data gathering
  • 2nd prize winner Team ICES also picks up Ecological and Community Awards
  • Team Kontext aims to personalize content

Web 3.0 Hackathon, organized by the Web 3.0 SEA Alliance, attracted attention from more than 4,200 participants, with some real-world relevant projects surrounding blockchain technology in a range of different areas – web3 tools, protocols, gaming, NFT, socialFi and IoT.

The 1st prize was won by Team Quartz, for their project, “Quartz”, a platform that leverages the immutable nature of blockchain technology to make IOT data gathering more transparent, accurate, and cost-effective.

Efficiency in IOT data gathering

Quartz addresses a key issue for the IoT industry, which is growing exponentially – a significant portion of data verification is still performed manually. The project incorporates a wide range of technologies – edge computing, device management, containerization, and smart contracts – to deliver an end-to-end solution for IoT data delivery. Quartz introduces efficacy in some of the most data sensitive domains such as regulatory compliance and certification, facilitating investor confidence as well.

 

“Data veracity is becoming increasingly important for stakeholders,” team leader and solution architect for Team Quartz, Jasper Tan Jian Ming, said. “I think blockchain has a unique proposition here and thus the idea of integrating the two came to mind.”

 

He commented on his next steps: “This project brings together players in various verticals and my immediate plan moving forward would be to launch a beta test involving them, to get live, on-the-ground feedback. Fortunately, we do have some partners who are keen to give us a trial run in their environment, so that we can further evaluate our solution.”

There were two second prizes – awarded to ICES, a canister customer event log storage and analysis service for DFINITY network, and to Kontext, a news service that enhances personalization.

Enabling public queries of canister’s interaction records

ICES addresses the issue of how currently canister interaction records cannot be publicly queried . With this innovation, any canister can access ICES without permission, store its interactive data permanently, and query it through the public API and dashboard provided by ICES. All smart contracts that need to record event logs and statistics indefinitely and want to make the data public are the target users of ICES.

 

ICES also picked up two other awards – the Dfinity Ecological Bounty Award and the Community Award. The Ecological Bounty Award is given to a project that best applies the Internet Computer Stack during development. The US$7,000 prize was sponsored by ICPort, DMail and IC Naming, representatives of which companies also evaluated the projects.

 

The Community Award of US$3,000 and US$300 in Alibaba Cloud Credits Coupons is given to the most popular project, based on comments, retweets and likes. ICES received 377 comments, 374 retweets and 375 likes in total.

The next step in news personalization

Kontext addresses an all-too-familiar issue – time wasted on endless ads and irrelevant content, when looking for developments in the crypto space. Kontext facilitates superior personalization by hosting a shared data layer and implementing reward mechanisms to present to users the most relevant news per day, in a matter of minutes.

 

Among the demo projects, Team MetapoLabs had the best score for their project, which involved a fair exposure social network content infrastructure, in which you voted for posts with stablecoin. The quadratic voting algorithm makes the exposure no longer exclusive to KOLs, but to the quality of the content itself. MetapoLabs allows DAPPs Lego such as Web3BBS, Web3Twitter, Web3Raddit, to be created.

 

The aim of the Web 3.0 Hackathon was to provide an opportunity for developers for mutual communication and skill learning. In the long term, it is expected that Web 3.0 will subvert the existing pattern of the Internet industry and even the social order. Decentralization, data privatization, transferable value, and trust will become core concepts of Web 3.0. Users who create network information and data will also share its value. Monopolistic internet giants will be replaced by open source and open smart contract protocol platforms.

Lucas Liu, research director at Huobi Incubator and one of the judges at Web 3.0 Hackathon, said: “This event created an environment filled with hacker spirit and provided an opportunity for teams to learn new things and meet new friends. We were thrilled to see projects and people full of creativity and passion for Web 3.0 coming out of this event, and we look forward to seeing more of it in future events organized by the Web 3.0 SEA Alliance.”

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