5 Factors for a Successful Blockchain Hackathon

Hackathons have been a way of testing out software vulnerabilities for a while now but what are they, how can they boost a product and how can a company make its hackathon successful?

Blockchain hackathons bring members of the programming community together to test out blockchain platforms, building applications on top of them and trying to discover vulnerabilities in the platform. The participants are rated by experts and the platform creators at the end of the event and are usually awarded cash prizes for fulfilling the challenges set out at the beginning of the contest. Hackathons can also be held internally within an organization to test a product, but here we shall consider those contests which are open to the wider developer community at large.

A successful hackathon is one which produces a whole range of ideas leading to further applications of a blockchain platform, increases in the strength of the platform’s security and much more. These events boost the company’s profile throughout the community and are a chance to boost users as developers can be won over by the innovative nature of a company’s platform. In general, developers love to experiment and come up with new ideas, and offering cash rewards, in addition to career opportunities to participants is a great way to innovate and promote your blockchain platform.

1. Set clear requirements for the hackathon

Having a clear definition of the what is expected from participants is the first and most important aspect of any hackathon.

Such requirements should include:

2. Build buzz

Getting people excited for your hackathon is another key component to holding a successful event. Failing to do so can result in a low turnout, in addition to low skill developers attending, meaning low quality app development and platform vulnerabilities not being exposed.

Building buzz can be done by:

3. Holding the hackathon

Structuring the event properly sets the tone for your hackathon:

4. Analyze the outcome internally

The whole point of holding a hackathon is not only to boost the usage of your blockchain platform amongst the dev community, but also to produce tangible results and show that your platform is a viable option for building blockchain-based applications.

Following the hackathon:

5. Platform as a product

We at Apla have aimed to build our platform as a complete product that is ready for app creation. As the basis for the platform we recognised that other blockchain platforms, whether permission or permissionless, require in-depth knowledge of blockchain programming languages to create smart contracts, in addition to being user-unfriendly.

What sets the Apla blockchain platform apart:

Running a hackathon properly makes it memorable for the developers taking part, whilst it also provides a stream of ideas that can lead to greater platform innovation.

This is your chance to present your product and build a loyal community around it, so make the most of it by creating a pleasant and encouraging environment for developers in which experimentation and innovation are central.

Join our remote hackathon from wherever you are right now!

A certified project manager, software developer and passionate linguist, Dmitry believes that the blockchain technology can change the world for the better, eliminating bureaucracy and corruption, and allowing people to take control of their countries by conducting transparent voting on blockchain.

Blockchain Business Review from Apla provides high-quality educational material from the world of blockchain to inform the business community of the competitive advantage that can be gained by integrating distributed ledger data storage within organizations. Our mission is to promote knowledge about blockchain and its uses in both the private and public sector and demonstrate the value of blockchain integration.

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