Hackathon
management platform TAIKAI announced June 29 that it would be using
Telos network to provide a fully transparent and auditable blockchain
voting system, and as a token reward mechanism.

Telos is built on
EOSIO technology, and TAIKAI had previously been using EOSIO for this
functionality. It was even the subject of a feature on the EOS blog earlier this month.


Hacking isn’t always a bad thing


TAIKAI
describes its platform as an open innovation social network, which
facilitates the bringing together of corporates facing challenges, with a
community of innovators to help solve them.

The hackathon format
provides a cost effective way for companies to attract a wealth of
highly specialized talent to focus on the problem at hand.

With
such a focus on matching up challenges and solutions, finding the right
blockchain network on which to run the platform was key. TAIKAI CEO
Mário Ribeiro Alves explains:


“TAIKAI is a
community-driven platform and we look for like-minded partners that can
help us create a network effect. Fortunately, we’ve found TELOS, and we
knew from the first meeting that we were completely aligned. I’m
confident we’ll build a great future together as we connect companies
with innovative teams to solve real-world challenges.”


Blockchain as enabler


Blockchain
has been part of the TAIKAI vision from the start, with Alves realizing
the value of “tokenization as a way to provide a transparent and
auditable selection process for use in hackathons and other innovation
challenges.”

However, it was important that a regular user would
not notice any difference between using a blockchain-enabled platform
and a non-blockchain platform.

Since launching in March 2019, the
company has brought on board some of the largest businesses and
universities in its native Portugal and is looking to expand globally.

The Telos network has been gaining traction in recent months, becoming the blockchain of choice for Transledger’s interoperability platform, the All_EBT food assistance program in the United States, and has announced support for Ethereum smart contracts following the launch of an Ethereum Virtual Machine.

source link: https://cointelegraph.com/news/hackathons-benefit-from-blockchain-voting-rewards-and-transparency