Gibraltar Finance will Support the Post-COVID DLT Hackathon

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July 23, 2020 2:04 pm

Gibraltar Finance will Support the Post-COVID DLT Hackathon
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Gibraltar Finance, the business development arm of Gibraltar’s government, has been announced that it will provide support to the forthcoming Post-COVID Hackathon as an official partner — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era.

The event is supposed to see participation from hundreds of teams internationally growing in the Distributed Ledger Technology (DLT) sector, with over 200 industry experts slated to support participants.

Gibraltar’s Minister for Digital and Financial Services, Albert Isola, manifested pride in the government’s involvement with the hackathon, saying that “the COVID-19 pandemic has brought with it a range of new global challenges.” Also, he said:

“I am excited and look forward to seeing the dynamic solutions that will arise from this initiative, geared towards helping global communities adjust to the post-pandemic world. We are happy to support and be a part of this great work.”  

The Purpose of Post COVID Hack

Gibraltar-based investor and advisor to early-stage blockchain companies, Coinsilium, and Singapore-based fintech firm Indorse will co-host the Post-COVID Hackathon.

“The objective of Post COVID Hack is to mobilize the blockchain community’s coding talent to build open, permissionless solutions and accelerate the post-COVID recovery process” 

-Eddy Travia, Coinsilium chief executive.

Travia highlighted his appreciation for the support of Gibraltar’s government, adding, “We welcome individuals and organizations to support this initiative and help us shape a positive ‘new normal.”

Service of Humanity

The event will also be supported by smart contract developers RSK, and blockchain start-up incubator Tribe Accelerator.

Diego Zaldivar, the CEO of IOVLabs, the team behind RSK, said, “We are delighted to be part of this initiative as enabling financial inclusion through our platforms is our mission.” He added:

“We really hope that coming together as a community to the service of humanity throughout these challenging times in order to foster creative solutions based on blockchain and RSK technologies will help make a difference,” 

The Post-COVID Hackathon’s online events are slated to commence on Aug. 10 and run until November.

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