- There is over $3000 in prize money
- Contestants are required to create something unique that uses IOTA
- IOTA is in the forefront of creating crypto use cases
The IOTA Foundation has announced its second development contest focusing on machines with wallets. There is over $3000 in prizes to be won by the successful participant.
Iota and the tangle enabling unique usecases
IOTA made the announcement on its official blog post on July 11, 2019 saying the contest will be focused around machines and wallets. According to the announcement, there is thousands of dollars’ worth of prizes to be won including a drone, VR headset and a 3D printer. The organizers are challenging participants to stretch their creative muscles and create something totally new.
Contestants will be required to create something that would not be possible without using IOTA’s tangle. Whether it’s something as simple as laugh bulb that turns on when someone sends tokens or anything else that’s complex combining several devices will be up to the contestants. The foundation states in its announcement:
“We are challenging you to build a machine that can buy and sell goods or services for money using the IOTA protocol [ …] we are giving away thousands in prizes to the most creative projects that implement an IOTA wallet in a device. Our judges are looking for innovative projects that change the way in which devices interact with each other and humans.”
Tech contest with tech prizes
The 1st price will be a DJI Mavic Air that is an ultraportable and foldable drone which features high-end flight performance and functionality for limitless exploration worth $800, the second price a Cetus3D Printer valued at $500 value while the third price is an Oculus Quest all-in-one gaming system valued at $400. There will be ten runners up who will receive IOTA tokens worth $150.
The IOTA Foundation has been on the forefront of exploring the potential of distributed ledger in different industries. The firm, through its Tangle network, is actively involved in different industries including automotive, energy, fashion, supply chain and health fields where different partnerships have been entered showcasing use cases that showcase the technology. IOTA has recently partnered with Primority in order to track food allergens and luxury brand Alyx to keep a tab on product information beginning from raw materials.
In February 2019 the IOTA Foundation in partnership with Group Renault started the Smart City Development Competition. The event that was hosted by Hackster.io began on February 25 and ran till April 6, 2019. They required participants to develop open source solutions that would be merged to a smart city challenge as well as initiatives whose theme centralizes on smart mobility, smart energy, smart buildings, and smart districts. Lidbot already uses the IOTA Tangle platform to create a smart waste management system.