Boston, USA — Vechain, a distinguished L1 public blockchain, has unveiled the winners of its sustainability-themed hackathon, a 36-hour marathon hosted at Harvard College in partnership with Web3 instructional app, EasyA, and world consulting agency, Boston Consulting Group (BCG).
Vechain Monitor Winner: Movelo, creators of a “move-to-earn” software that enables corporations to sponsor and reward customers for sustainable transportation selections equivalent to strolling, biking, or ride-sharing.
BCG Monitor Winner: FiTag, builders of a luxurious trend monitoring iOS app selling provide chain transparency via blockchain and NFC tags, digital twins, loyalty-program NFTs, and AR buying.
‘Shark Tank’ Pitchathon Monitor Winner: PropelPixel, the brains behind an eco-friendly journey resolution incentivizing ride-sharing and sustainable journey via a bespoke metaverse setting powered by NFTs.
These visionary initiatives collectively earned a share of $46,000 in prize cash, with further funding alternatives introduced on the occasion.
Movelo, constructed on VechainThor, the sustainable public community by Vechain, makes use of blockchain to confirm distances traveled via strolling or biking, calculates carbon offsets, and instantly rewards people primarily based on carbon emissions saved. It gamifies the expertise with NFTs and leaderboards, providing corporations a brand new solution to incentivize sustainable journey choices for his or her staff.
FiTag, the winner in BCG’s monitor, is a luxurious trend monitoring app guaranteeing model provide chain transparency via Vechain’s blockchain. Using NFC tags, FiTag supplies transparency from sourcing to sale, complies with sustainability rules, and promotes a round financial system via a rental mannequin. NFTs assure product authenticity and digital possession.
Sunny Lu, CEO of Vechain, emphasised the function of Web3 applied sciences in sustainable improvement. He famous that builders are crafting sustainable dApp ecosystems, leveraging tokenization and gamification to drive optimistic change.
The Pitchathon class winner, PropelPixel, provides a platform the place customers share eco-friendly journey experiences, incomes tokens and NFTs for documenting their journeys. It redefines carpooling, ridesharing, and public transportation with a safe platform for sharing experiences.
A panel of trade consultants judged the initiatives, assessing their capacity to handle sustainability purposes, significantly ‘X’-to-Earn sustainability options.
“Over the weekend, we noticed the event of actually progressive blockchain options for enterprises, and we now have the chance to see these winners enter the sector and reshape the best way entities inside it function.”
Bernhard Kronfellner, Accomplice at BCG
“The occasion additional demonstrates how constructing on sustainable infrastructure like vechain’s community could make sustainability a by-product of enterprise options, that means corporations can each streamline their processes and strengthen their carbon neutrality efforts ,” commented Bernhard Kronfellner, Accomplice and co-lead of the digital asset and blockchain group at BCG.
The hackathon marked the conclusion of Vechain’s #60daysofvechain occasion, attracting over 10,000 candidates and gathering 200 high builders from corporations like Google, Meta, and Coinbase, in addition to prestigious establishments together with Harvard, MIT, Princeton, Yale, Wharton, and Stanford.
Vechain, headquartered in San Marino, Europe, is the curator of VechainThor, a number one good contract platform advancing the real-world adoption of blockchain know-how. VechainThor’s capabilities embrace trustless knowledge, good contracts, and IoT applied sciences, enabling options throughout numerous fields with a give attention to sustainability and digital transformation at a world scale.
Based by former Cambridge College and Wharton College alumni, Phil and Dom Kwok, EasyA is a number one Web3 studying app with a big developer group. It companions with over 250 blockchain golf equipment worldwide and ranks as one of many high apps on the App Retailer, receiving Apple’s App of the Day award.