GoodDollar Non-for-Profit Research Hackathon Awards td2 Blockchain Project for Diabetes Testing

The winner of the recent hackathon organized by GoodDollar aimed at reducing the wealth distribution disparity, was a project that rewarded Rwandan citizens with its tokens in exchange for being tested for diabetes mellitus.

The GoodDollar Initiative

The first of its kind “Hackinequality” contest, took place in Tel Aviv on the 14th and 15th of March, was hosted by GoodDollar, a non-profit research institution.

GoodDollar is seeks to utilize blockchain technology to make a positive impact on Universal Basic Income, with the purpose of reducing wealth inequality on a global scale.

Winning Project

After much deliberation, the panel of judges unanimously concluded that team t2d, of which its members are Yaron Shmaria, Jesse Medina, and Lior Yaffe presented the most socially impactful project.

The $2,500 reward for presenting the best project is negligible, as compared to the social impact of t2d’s project.

The Hackinequiality Battleground

The Hackinequality contestants are a collection of blockchain developers, programmers, user experience professionals, data analysts, and blockchain tech enthusiasts.

The 35 contestants constituted 9 teams, and were given 16 hrs each to work on their projects at Bnei Barak’s eToro offices.

The former Israeli UN deputy representative, and Israeli Ambassador to Rwanda Ron Adam attended the event, and was present for about 3 hours. Ron Adam was so impressed with the event that he went on Twitter to say that he was:

“Excited to be present at the first @TheGoodDollar hackathon in TLV where young Israelis compete on the most #Innovative solution to narrow the gap between poor and rich of the world using #blockchain and creating #Socialimpact to achieve the #SDGs. Ready for #Rwanda!”

Team Objectives

The various teams aimed at providing solutions towards, exploring UBI to reduce global wealth disparity, how blockchain could improve the current tax system and UBI, and the influence of online shopping towards GoodDollar’s economic agenda.

Runners up Projects

The team that came in second took the “you snooze, you lose” idea rather literally, by donating GoodDollar tokens to a worthy cause every time it’s user snoozes the alarm on the lightning clock.

They won a $1,500 reward for their project presentation. GoodTrust won $750, and the project that was deemed “most disruptive”, was Lynx, aimed at a voluntary land tax system.

All this brings to light a global interest in reducing wealth distribution using blockchain technology focused on UBI.

More information on potential of this endeavor by GoodDollar can be found by studying the presentations given by Hadar Rottenberg, and Dr Nir Yaacobi at the event.


Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide