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Hakuhodo Keithley’s 1st Web3 Hackathon
Hakuhodo Keithley Co., Ltd. announced on the 1st that the first web3 global hackathon will be held from February 14th (Tuesday) to March 25th (Saturday), 2023.
The web3 global hackathon is characterized by corporate tie-ups held with sponsor companies. This time, with the support of Toyota Motor Corporation, the theme is “Development of DAO support tools for corporate projects.”
Hakuhodo Keithley is a joint venture between Hakuhodo and Stake Technologies, which develops the public blockchain “Astar Network (ASTR)” from Japan. We aim to develop new services through the web3 hackathon to spread the next-generation Internet “web3 (decentralized)” that utilizes blockchain and other distributed technologies.
Toyota is also famous for creating work efficiency methods such as KAIZEN, JUST IN TIME, and KANBAN. Therefore, the theme of the first web3 hackathon is “development of DAO support tools for corporate projects”.
What are DAOs
A DAO (Distributed Autonomous Organization) is an organization that operates and manages projects transparently by setting its own rules with the smart contract (automation of contracts) function deployed on the blockchain. Anyone can participate via the Internet, and holders of tokens used in DAO can also participate in decision-making.
Cryptocurrency Glossary
In recent years, the workload of managers, such as business decision-making and management of team members, has been increasing. The web3 hackathon aims to develop a DAO support tool as a solution based on these issues.
If team members can work autonomously and distribute decision-making through DAO, it will not only reduce the burden on managers, but also have the advantage of leading to organizational growth.
Relation:TOEIC scores, Toyota’s intellectual property management, blockchain implementation examples accelerating with DX
web3 hackathon overview
The web3 hackathon is open to domestic and international web3 engineers. Kick-off events and pitch events will use Astar Network’s metaverse “COSMIZE”.
The outline of the hackathon sponsored by Toyota Motor Corporation and the participation requirements are as follows.
■ Overview of Hackathon
Event name: web3 Hackathon｜Toyota Motors x Hakuhodo Keithley
Date: February 14th (Tuesday) to March 25th (Saturday), 2023
Venue: COSMIZE Event Hall
Prize money: Total amount equivalent to $100,000 (approximately 13.2 million yen*) *Estimated at $1 = 132 yen
Participation method: Apply from the website below.
https://key3.co.jp/key3hackathon
Application deadline February 14 (Tue) 23:59
Main Sponsor: Toyota Motor Corporation
Subsponsors: Astar Network, Web3 Foundation, Alchemy
Organizer: Hakuhodo Keithley
■ Schedule
Application deadline: February 14, 2023 (Tuesday) 23:59
Development period: February 15, 2023 (Wednesday) ~ March 19, 2023 (Sunday)
Kick-off event: Saturday, February 25, 2023
Deadline for deliverables: March 19, 2023 (Sunday) 23:59
Announcement of pitch passers: March 23, 2023 (Thursday)
Pitch event: Saturday, March 25, 2023 *The winning team will be announced on the same day
■ prize money
Equivalent to a total of $100,000 (approximately 13.2 million yen*)
Grand Prize (1PJ): ASTR worth $25,000 (approximately 3.3 million yen*)
Excellence Award (5PJ): ASTR worth $10,000 (approximately 1.3 million yen*)
W3F (1PJ): Prize money $25,000 (approximately 3.3 million yen*)
*Estimated at 1 dollar = 132 yen
* Winning teams may receive purchase, joint development, and growth support on the premise of commercialization.
Relation:Hakuhodo establishes Web3 joint venture with Stake Technologies
What is Web3
The current centralized web is defined as Web 2.0, and refers to an attempt to realize a non-centralized network using blockchain. A typical feature is the use case of decentralized networks such as blockchain, such as access to dApps using virtual currency wallets.
Cryptocurrency Glossary
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