KORA HACKATHON WAS LIT
Yes, finally I was but what was I doing there when I had a tough test the next morning? The opportunity could not be missed although, I wasn't creating anything I just wanted to learn and see what my mates were doing.
Kora Hackathon is organised by Kora and Quidax to see what the students of Obafemi Awolowo University could do with Financial Technology to solve problems in the financial sector while also implementing the blockchain in doing it. It started on 9am on the 27th and ended 7pm on the 28 of August.
It was nice seeing ideas coming to life on laptop and smartphone screens. It was a heated environment where everybody wanted to win at the same time. Which we all know is impossible because a winner must be announced afterall.
When the time came for presentation. I was greatly impressed by the ideas which were being visualised on apps.
There was a fascinating android app called Ferapid. For sending money to bank accounts by the receiver generating a QR code after inputting his account details. It is then scanned by the sender and sent. No need to worry about the usual hassle of copying account details. Hope this one goes on play store soon.They won third place and they are in the photo below.
They won 50,000 naira ($138.29).
The second place made a website and a bot for helping individuals save. That's them presenting below. They went home with 100,000 naira ($276.59).
I took a picture with them here.
The first place took it because they implemented the blockchain in solving a problem. They took the Grand Prize of 200,000 naira ($553.17)home
Although they did not win there was a group that came up with an idea to help the Nigerian pensions and gratuity sector which is in a very bad state. They come up with an idea to store each workers pension money in the blockchain and be released at the time his time of service has ended and then he is given the money. This helps to solve the problem of the Nigerian Pension Commission not being able to remit the funds of pensioners as at when due. Which consequently, makes them to suffer immediately they stop work. I personally think it would be better to just use a smart contract to store the record of funds owed to pensioners rather than saving them as a cryptocurrency that may eventually get devalued. What do you think? Don't forget to tell me in the replies.
You can check out some of the codes here.
This shows that there are ideas that profer solutions anywhere there is a problem. I would not like to be left out in the next one just started learning Java Spring to execute my own project.
I did not win neither did I participate I just checked out how holding the prize felt like.
