Unocoin hosted Cryptothon, a hackathon for creating Bitcoin-Blockchain related value adding system

Unocoin - India’s leading Bitcoin & Blockchain Company hosted “Cryptothon”- A Bitcoin - Blockchain hackathon on April 8th - 9th at 91Springboard, Koramangala. The Hackathon was organised with an aim to provide a platform for developers to tinker around the Bitcoin - Blockchain space and build products that would create a value addition to the present system.

Cryptothon witnessed participation from 120 developers from different walks of life, from school goers to highly experienced professionals. The team spent 24 hours building solutions using Bitcoin - Blockchain involving complex areas like Micro payments, Merchant Services, Smart Investments, Augmented reality and Hyperledger. As Sathvik Vishwanath, CEO and Co-Founder, Unocoin puts it in his own words “Something remarkable is going to come out of this room,” the event was electrifying with energy.

With an aim to build a product that would set them apart from the rest, each team put in their tireless work which continued throughout the night. The Jury selected 11 teams out of 32 teams to present their hack and give a live demo. The Jury comprised of Mr. Jayavardhan, Head of Emerging Trends & Technologies in Innovation Department of Societe Generale, Mr. Mani Madhukar, Architect and Developer Advocate at IBM and Mr. Sathvik Vishwananth, CEO and Co-Founder, Unocoin.

The winning team and their challenges included:

1. Gizmo_geeks (Winner)
BitGo - Gamification platform for Bitcoins using Augmented Reality. Players can find Bitcoins pretty much anywhere such as the street, local landmarks, malls, college campus, and working places. BitGo makes revenue using Advertisement and In-App purchases. The hack was further linked to the UNOCOIN android and iOS app which has more than 500 merchants.

2. Dmaniax (1st Runner Up)
Hyperbit - A Bitcoin and Hyperledger amalgam, which is a decentralized system for pay-rolling and job allotment.

3. TeamIron (2nd Runner Up)
Uniform Payment Gateway for Bitcoin - A chrome extension that lets you shop “ANYWHERE” with your Unocoin Wallet

The Jury selected 11 teams for the final presentation.

About Unocoin:

Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the bitcoin industry. The company operates India's largest BTC-INR trading platform which enables Indians to buy, sell, store, use and accept bitcoin. Every month, Unocoin processes transactions worth more than INR 200M for its 110,000+ customers. In just 3 years since inception, the company has drawn more than 30 top investors from 5 countries. Unocoin is responsible for industry leading innovations such as the Bitcoin Systematic Investment Plan (SIP), Bitcoin Point of Sale (POS) App and Bitcoin Over-The-Counter trading (OTC). For more information, please visit unocoin.com. For investor, partnership and media related inquiries, please connect with Sunny Ray, Co-founder & President, at sunny@unocoin.com.