Amrit Satpathy
Ecosystem Manager
NayaOne Blockchain Hackathon 2022 hosted in collaboration with the Indian Institute of Technology-Kharagpur (IIT Kharagpur) and Code Club, was a four-day long intensive tech hackathon, where the participants worked to create synthetic data and interoperability focused solutions to tackle two main challenges in the blockchain industry.
IIT Kharagpur is one of the leading technology institutes in India and features among the top ten public universities in the country. Meanwhile Code Club is the society of Computer Science & Engineering in IIT Kharagpur. The virtual hackathon attracted an impressive 350+ coders, 100+ teams, and 160+ data. Over 500+ API calls and 100+ sandpits were launched during the event.
NayaOne x IIT Blockchain Hackathon 2022 presented two challenges to the participants: ‘Blockchain Network Forecasting’ and ‘Interoperable Blockchain Model’. The challenge, ‘Blockchain Network Forecasting’ aimed to leverage large volumes of data from many decentralised sources over blockchain networks to create synthetic data, capable of emulating existing as well as future attributes of consumers, markets and scenarios. For instance, a viable blockchain forecasting project could be one that takes many individual data points and combines them to inform the prediction of future consumer behaviour.
The Hackathon
We are happy to see how the first edition of NayaOne x IIT Blockchain Hackathon 2022 turned out and we are grateful to all who participated, mentored, and our internal teams for such a seamless execution. It’s heartwarming to see a new generation of thinkers who are passionate about solving the industry’s issues and building the future of finance.
I can’t wait to see NayaOne x IIT Blockchain Hackathon 2022 grow as we continue to build our industry and help interested individuals find their X-factor and launch their careers with more such events with other IITs in India.
Hackathons illustrate the possibilities and opportunities that can be created when like-minded individuals collaborate efficiently and effectively. The participants were able to build solutions on a disruptive technology and challenge just in a matter of a few days. Their innovation and ideation capabilities were accelerated by the API library and datasets provided by NayaOne, that enabled them to work with a range of functionalities. All the teams presented incredibly beneficial solutions that could be developed further to device deployable solutions for the blockchain industry.