"I deposited four million Dogecoin" - DOGE scam in Turkey.

The largest Swiss hackathon will take place in October. Over 100,000 US dollars in prize money awaits the lucky winners.

From 29 to 31 October 2021, the largest hackathon in Switzerland will take place: the “Swiss Blockchain Hackathon”. The hackathon is supported by the national funding program “NTN Innovation Booster – Blockchain Nation Switzerland”. The consortium partner is the Swiss company Trust Square.

In addition, there are academic partners, for example: the Zurich University of Applied Sciences (ZHAW), the Hoschule Luzern or the Université de Geneve. Furthermore, blockchain protocols such as Streamr, Vela or Algorand support the hackathon. Other well-known companies from the Swiss crypto scene are also involved in the project, such as SEBA Bank and Bitcoin Suisse AG. This year, in keeping with the Corona situation, the organizers have opted for a hybrid event model – participants can take part in the hackathon both in person and online.

Approximately 500 hackers are expected to participate in the hackathon. Registration opens on September 15 and runs until October 15. Participants will gather in groups at the beginning and then face certain challenges. To solve them, the teams are expected to use blockchain technology. In total, the participants have 60 hours to complete the task. Each team then presents the results to a jury. There are different categories in which the 500 hackers can compete and try out. At the end, a jury will announce the winners. The winners will receive over 100,000 US dollars in prize money in the form of tokens, cash or non-cash benefits.

Goal: Switzerland wants to expand its pioneering role

But the hackathon isn’t just about testing ideas – it’s about solving real-world problems. And so the project goes even further afterwards, with the aim of allowing start-ups to flourish from the ideas gained. Trust Square co-founder Marc Degen has his say on this year’s hackathon:

The Swiss Blockchain Hackathon advances the application and acceptance of blockchain technology, not least by hacking actionable solutions to real-world problems in the shortest possible time. This helps Switzerland to expand its pioneering role in the adaptation of new technologies. We are proud of the Swiss Blockchain Hackathon – the last one was great fun and we are looking forward to the second round.

Marc Degen, meanwhile, has a lot of experience with blockchain projects himself. Among other things, he co-founded the company Modum, which raised money from investors in an ITO and used blockchain technology to develop smart sensors.