Binance Build for Bharat
A DeFi focused hackathon & acceleration program
Connect by Oct 31 '20
About Binance Build for Bharat
Build for Bharat: DeFi-focused Hackathon and Acceleration Program
An initiative by Binance Chain
Mobile and digital payments solutions have become a norm in many countries globally, significantly reducing reliance on cash. However, challenges and issues around financial inclusion and adoption are still prevalent. Blockchains offer unique infrastructure to address a number of these challenges.
Design and create a more inclusive and frictionless payments solution. Use cases could include peer-to-peer payments, merchant payments, or payment sharing.
2. Micro asset economy use cases with MiniTokens (BEP-8):
MiniTokens (BEP-8) enable experimentation of a broad range of use cases by significantly reducing the cost and resource requirements for developing token use cases. These can include IP licensing, loyalty points, micro-utility tokens, and community points.
3. Bridging DeFi with real world assets:
Decentralized Finance (DeFi) aims to create a new financial infrastructure built on blockchains that is more equitable and accessible to everyone. Instead of having to trust and depend on legacy centralized financial institutions and financial service providers, consumers can access financial services through automated decentralized financial applications without having to rely on a central party or intermediaries. Collateralizing real-world assets in DeFi applications will enable a new wave of innovation in the space. Conceptualize and design a DeFi application that uses real-world assets.
4. Blockchain Datasets and Analytics:
Collect Binance Chain and Binance Smart Chain data to Google Datasets and build Analytics reports or AI.
5. Other - any real-lifeDeFi use cases
Selected participants will undergo three stages of filtration with 100 teams shortlisted in the first cohort, 20 teams in the second, and five teams in the final cohort.
PS:- To get a good shot at getting selected, your project must be ready with a full-fledged working Proof-of-Concept.
The finalists will receive rewards from a pool of 30,00,000 INR while the winning teams stand a chance to secure additional investment and mentorship opportunities under the Polaris accelerator, an initiative by the Blockchain for India fund.