Thursday, 3 November 2016

Blockchain Hackathon 4-6Nov

The world’s largest blockchain event, Blockchain Hackathon, held by Chainsmiths and sponsored by Fidelity Investments, Deloitte and Bank of Ireland, has returned to Dublin for its second year.

The event will take place November 4th - 6th November at DCU Alpha, in Dublin. Now in its second year, the sold out event will have 150 participants, making it the world’s largest blockchain-focused hackathon with 30 percent of attendees coming from overseas.

Blockchain is one of the world’s most significant technologies. Its potential is huge for the financial and insurance sectors and is the the technology that underpins Bitcoin. The significance of Blockchain Hackathon is underpinned by the bluechip companies such as Fidelity Investments, Deloitte and Bank of Ireland who are supporting the event and looking to explore the possibilities that blockchain offers.

Speaking ahead of the event, its curator K√©vin Loaec, Managing Director at Chainsmiths, a leading blockchain consultancy based in Dublin said Ireland has the capacity to be an international blockchain hub, “Building on the success of last year’s event and the evolution of the ecosystem here in Dublin, we had to make it happen again. Our sponsors reflect Dublin establishing itself as a hub for blockchain. Many other multinationals have also announced working on this technology from their Dublin labs. The focus for this year is not only Ireland, but a global reach. The proof is in the demand, more than a 30% of the attendees are coming from abroad. Over the past year, Chainsmiths has become an international company with a global customer base.”

Lory Kehoe, Deloitte’s EMEA Grid Blockchain Lab lead echoed these statements on Ireland and Blockchains potential, “What we are seeing in Ireland now is a widespread interest and curiosity in blockchain applications. Organisations are quickly coming to recognise the potential the technology possesses. Over 50 of the world’s top financial services firms are now actively experimenting with the technology and are increasingly interested in pilots rather than proofs of concept. Deloitte’s EMEA Grid Blockchain Lab seeks to help clients through workshops, focused bootcamps and also helping them to develop meaningful pilots and prototypes with production ready solutions being the ultimate goal”.

One of the high-profile judges for the weekend, Hadley Stern, SVP, Managing Director of Fidelity Labs is flying from Boston for the event as Blockchain is a huge area of focus for them, “Fidelity has always believed in exploring emerging technologies to find new ways for us to provide the best customer experience in the business. Our innovative approach has led to many breakthrough changes that have dramatically transformed our customers’ lives. Blockchain technology has the potential to become one of the most significant innovations the global financial services ecosystem has seen. Fidelity Labs Ireland is delighted to sponsor this event for a second year and hope the hackathon is a success for organizers and participants.”

Speaking about the sponsorship, David Tighe, Head of Innovation at Bank of Ireland said: “Bank of Ireland is constantly investigating how technology and innovation can improve the customer experience, while also ensuring that systems and procedures address changes in regulatory requirements being introduced across Europe. Events like today allow us an opportunity to meet and mentor the talent of today who are building the technology of the future.”

The Blockchain Hackathon brings the industry’s best to focus on addressing the world’s most technical issues, from financial services, health, insurance and copyright to name a small few, using blockchain technology.

Mentors made up of the most innovative people in Blockchain, €8,000 in cash prizes and a stellar set of speakers throughout the weekend, this is set to leave its mark internationally. The business models of the future will be developed, governed and owned by the communities blockchain technology supports. Chainsmiths aims to ensure Ireland is at the heart of this digital revolution.

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