VeChain Hackathon Drives Sustainable X-2-Earn Innovation

VeChain's hackathon, held at Cambridge University in partnership with EasyA and BCG, showcased the development of X-2-Earn projects for the VeBetterDAO platform. The event awarded $30,000 to winning projects, including Meatless (VeChain track), EcoNex (BCG track), and LogiQ (Pitch-a-thon track), all of which leverage the $B3TR token to incentivize sustainable behaviors and address environmental issues.

VeChain's Inaugural Hackathon Drives Innovation for Sustainable X-2-Earn Applications

Cambridge, United Kingdom, March 8, 2023 - VeChain, a leading enterprise-grade Layer 1 public blockchain, has announced the culmination of its inaugural hackathon, held at the University of Cambridge in collaboration with EasyA, a Web3 educational mobile application, and Boston Consulting Group (BCG). The hackathon, designed to foster the development of sustainable X-2-Earn applications, culminated in the selection of three winning projects.

VeChain Track: Meatless Incentivizes Sustainable Food Choices

Meatless, the VeChain track winner, has emerged as a transformative application that empowers consumers to make sustainable food choices. By rewarding individuals with the $B3TR incentive token, Meatless addresses the pressing issue of unsustainable food production without imposing additional costs on manufacturers. This innovative approach enables sponsors to measure their direct impact on promoting sustainability.

BCG Track: EcoNex Promotes Eco-Friendly Travel

EcoNex, the BCG track winner, tackles the multifaceted challenges of urban congestion by incentivizing individuals to adopt eco-friendly commuting options. Leveraging the $B3TR token, the application rewards sustainable travel behaviors, mitigating the negative consequences associated with conventional transportation methods, including excessive fuel consumption, increased commute times, and significant carbon footprints. VeChainThor's blockchain capabilities provide real-time tracking and validation of eco-friendly transportation behaviors, ensuring transparency and trust in the reward system.

Pitch-a-Thon Track: LogiQ Streamlines Freight-Sharing

LogiQ, the Pitch-a-thon track winner, has developed an innovative marketplace that addresses the problem of deadheading in traditional road logistics services. By connecting shippers with excess capacity in trucks, LogiQ minimizes the misallocation of space, resulting in increased efficiency and reduced environmental impact.

Industry Experts Laud Innovation and Impact

"The developers who participated in our hackathon have made significant contributions to the VeBetterDAO ecosystem," said Antonio Senatore, CTO of VeChain. "Their ingenuity has paved the way for sustainability to become an integral part of our daily activities, creating a positive impact across various sectors."

Bernhard Kronfellner, Partner and Co-Lead of the Digital Asset and Blockchain Group at BCG, commented on the industry focus of the BCG track: "Our targeted approach led to solutions that address specific challenges faced by enterprises. The results showcase the transformative power of strategic thinking and creativity, amplified by blockchain technology."

VeChain's Commitment to Sustainability and Developer Empowerment

This hackathon marks the first in a series of events aimed at fostering the development of the VeBetterDAO ecosystem. VeChain's collaboration with BCG demonstrates its commitment to empowering developers to build the next generation of sustainable enterprise applications. By partnering with industry experts, VeChain ensures that its solutions are tailored to the unique needs of various sectors.

About VeChain

Founded in 2015, VeChain is the leading sustainable Web3 ecosystem that empowers individuals and enterprises to drive global positive impact. VeChain's energy-efficient public blockchain, VeChainThor, provides the infrastructure for enterprises and developers to build sustainable applications, without requiring prior coding knowledge. Through partnerships with some of the world's largest enterprises, such as BYD, PwC, and Walmart, and a dedication to developer empowerment, VeChain is spearheading the adoption of blockchain technology for enterprises and millions of global users, bringing meaningful change to the world through an emphasis on sustainability.

About EasyA

EasyA, founded by brothers Phil and Dom Kwok, former alums of Cambridge University and The Wharton School, is the world's leading Web3 learning app. With over 500,000 developers at top universities and companies across the US and UK, EasyA boasts one of the most talented and largest developer communities globally. Startups founded by the EasyA community have secured funding from renowned venture capital firms, including a16z and YC. EasyA partners with over 250 of the world's best blockchain clubs, such as the Harvard, MIT, and Cambridge Blockchain clubs, and consistently ranks among the top apps on the App Store, having won Apple's prestigious App of the Day award.