5 Blockchain Solutions Selected at Tezos Inaugural ‘Ideathon’ Event in Uganda

Tezos blockchain community has conducted an ‘Ideathon’ with the theme ‘Solving Real-World problems on the Tezos Blockchain’ in Kampala, Uganda.

The inaugural event was held in-person and sought to find innovative people with ideas that can be built on the Tezos blockchain.

The goal is to develop MVPs of the best ideas from the ideathon and submit them for funding to the Tezos International foundation. The prize funding is 1 million Uganda Shillings (UGX) worth of $XTZ. – Tezos

In the end, 5 teams were selected with the best ideas and they will share in the prize funding.

Here is a look at some of the ideas that were pitched during the Ideathon:

• Afro Tech soldiers proposed a virtual card that enables seamless payments through fiat and cryptocurrency
• Te-Sacco project proposed an enterprise to transform SACCOs through smart contracts
• Tonfeera Vercel application, a system that ensures efficiency and authenticity through blockchain technology
• DivaGRO proposed a regenerative finance blockchain platform and a tokenization system that aspires to advance land registration in Uganda

Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself. Its native cryptocurrency is called Tez ($XTZ).

Besides being an opportunity for developers to generate original ideas to positively impact society using the Tezos blockchain, the event also saw students and developers get introduced to the Tezos blockchain, and now they can contribute to it.

Community members of Tezos in Uganda added that the event has begun its mission to introduce the core fundamentals of the Tezos Blockchain.