DAO platform Dao Bull named winner of EOSIO Beyond Blockchain Hackathon »CryptoNinjas

Block.one, a software company specializing in high-performance blockchain technologies and EOSIO developer, today announced that Dao Bull has been named the winner of the EOSIO Beyond Blockchain Hackathon. This hackathon challenged participants to develop solutions that harness the power of EOSIO blockchain technology and the latest in cloud computing to create a project with potentially significant global impact.

Winner: Dao Bull

Dao Bull has created a decentralized platform for autonomous organization (DAO) that allows users to set up their own network in minutes. A DAO is a company or organization built on an open-source blockchain protocol that functions without a management structure and without intermediaries.

By uniting people through a set of rules, Dao Bull leverages the benefits of blockchain and cloud-based systems to help organizations operate fairly and transparently and scale for future growth through features such as social empowerment and app integration. to include third parties. . Dao Bull will create models that enable users to manage finances, shareholders and the governance structure of the community without relying on a centralized management system.

Blockchain introduced the idea that online communities could operate beyond the traditional boundaries of a centralized system by creating their own set of governance models that align with their strategic goals. Dao Bull has helped increase access to communities around the world by providing a platform that enables groups to set up their own DAO almost instantly. We run hackathons like this one to encourage innovative, impactful projects like Dao Bull’s, and we’re excited to see the Dao Bull team further developing their model. “
– Block.one’s SVP of Public Blockchain Engagement, Kevin Rose

Dao Bull screenshot

Runners up for the Beyond Blockchain Hackathon; whose successful entries demonstrate the diversity and breadth of solutions submitted, including:

  • 2nd place: gGoods. gGoods, an open-source NFT standard, enables organizations and communities to create tokens that address the economic downturn of nonprofits in the wake of the pandemic through crowdsourcing funding from the platform’s global user base.
  • 3rd place: recoverable online wallets. Recoverable Online Wallets (ROW), built on EOSIO’s existing WebAuthn standards, introduce a social recovery system that eliminates the need for a centralized system that users have to rely on to recover passwords with emails. The solution eliminates these obsolete forms of security by replacing them with multisig security systems.
  • 4th place: Finfluencers. Finfluencers created an unchanging network of financial information, where trusted participants could share their knowledge with first-time users to help them make informed decisions about their financial future.

The EOSIO Beyond Blockchain Hackathon attracted more than 1,300 participants from 107 countries and provided the tools and framework for developers to participate in the evolution of blockchain technology by combining it with cloud-based systems to create new solutions.

Last year, Block.one’s “Coding for Change” virtual hackathon focused on solving problems caused by the COVID-19 pandemic. The winner, Lifebank, used EOSIO blockchain technology for an app that allowed users to create EOS accounts to manage their entire blood donation process, from validating donors to registering local businesses as sponsors in exchange for receiving a life token.

About Cryptoplatforming.com

Cryptoplatforming.com is a news websites which gets news around the globe on investing in Crypto. Our news has no backgroundcheck.

Leave a Comment