TBD, a part of Block, has announced the launch of the TBD Hackathon, held in collaboration with the Africa Bitcoin Conference.
The company says the hackathon is an exciting competition designed to drive innovation, creativity, and technological advancement of payments in Africa using the tbDEX open source protocol.
The submission period for this hackathon will open on 31 July 2024, and close on 15 September 2024. The hackathon culminates 9-11 December 2024 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, surfacing competitive exchange rates and fees.
Developers across Africa will be tasked with developing a payment application that leverages the power of tbDEX. They will be provided with a sandbox of example PFIs (Participating Financial Institutions) to test their application’s functionality. Participants will work in teams of up to two people and are expected to build their projects using the tbDEX SDK.
Six teams of finalists will be chosen and flown to Nairobi, Kenya to attend the Africa Bitcoin Conference and pitch what they’ve built to our 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.”
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