Block’s TBD Announces Hackathon Grants to Address Gaps in Payment Systems Across Africa
Today, TBD, a part of Block, 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 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.
To register for the hackathon and learn more, start here. (www.tbdex.io/hackathon)
Hackathon Challenge
Developers across Africa will be tasked with developing a payment application that leverages the power of tbDEX. Join this hackathon and develop a wallet application integrated with tbDEX. You’ll be provided with a sandbox of example PFIs (Participating Financial Institutions) to test your 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.”
To sign up for the hackathon and learn more, start here.
About tbDEX
tbDEX is an open source trust protocol that connects wallet applications and liquidity providers. With SDK implementations available in TypeScript, Kotlin, and Swift, tbDEX works for web, iOS, and Android applications. tbDEX utilizes innovative open technologies such as Decentralized Identifiers and Verifiable Credentials to securely validate counterparty identity and trust.
About TBD
As one of four businesses at Block (fka Square), TBD is focused on creating open and decentralized technologies to connect the financial world. Guided by this vision, TBD is building an open source developer platform and infrastructure that enables everyone to access and participate in the global economy.
About the Africa Bitcoin Conference
The Africa Bitcoin Conference (ABC) is the continent’s leading event focused on Bitcoin adoption. ABC brings together experts, enthusiasts, and innovators to explore the potential of Bitcoin in driving economic growth and development across Africa. The conference serves as a platform for networking, learning, and collaboration, fostering a vibrant community of blockchain advocates.
