One of the most anticipated technological events of the year, the Avalanche Summit LATAMarrives in Latin America for the first time between October 16 and 18, at the Konex Cultural Center. Later, between the 18th and 20th of this month, the hackathon will take place Transform the Futurewhere developers, designers and product managers from across the region can register and win prizes of up to $50,000.
The hackathon will take place at Concepción Live, in the Palermo neighborhood, and awaits the best talents from all over Latin America. During the event, teams will work in a collaborative environment to harness the potential of Avalanche’s robust technology to address real problems and their solutions. Participants will be free to explore a variety of tracks, mixing and matching technology and business use cases to develop innovative applications..
While many teams define their project during the hackathon itself, it is anticipated that solutions will emerge in areas such as DeFi, SocialFiasset tokenization and infrastructure developments.
Andrea Vargas, Senior Developer Relations Engineer at Ava Labs, highlighted the company’s commitment to supporting the local development of Web3 in Latin America: “We actively collaborate with Argentine projects such as The Badge, a platform for tokenization, agricultural financing and certification blockchain. “We have also recently invested in Amplify, which allows retailers to accept payments in cryptocurrency and receive funds in local currency.”
Teams can also explore how blockchain technology can benefit industries such as agriculture.
Avalanche is a leading blockchain platform, recognized for its fast performance in executing transactions and smart contracts. This program works automatically when predefined conditions are met, guaranteeing security and transparency without intermediaries. Trusted by global companies like JP Morgan and Citithe CEO and co-founder of the platform, Dr. Emin Gün Sireris considered a key figure in the crypto and blockchain space.
Avalanche technology already powers several important projects in Argentina. Amplify, for example, offers crypto payment solutions that easily integrate with existing e-commerce solutions, reducing fees and transaction times compared to traditional payments.
Avalanche is also a partner of Crecimiento, a movement dedicated to accelerating startups using blockchain technology to address local challenges such as inflation, devaluation and limited access to credit, savings and investment, lack of transparency and inefficiencies in administrative processes, among others.
Growth supports the development of blockchain-enabled applications to address local challenges such as the lack of financial tools that allow people to face the effects of high inflation, by using savings in stablecoins and protecting users from devaluation.
Through DeFi platforms, users can invest globally, avoiding local inflation. Blockchain also facilitates micro-savings in stablecoins, ensuring that even small amounts are protected, while digital wallets provide transparent and reliable transactions. And that is just the tip of the iceberg among the many challenges facing the country that can be addressed with innovative tools built on blockchain.
Leandro DavoEcosystem Leader in Ava Labs Argentinamentioned: “Teams come in all shapes and sizes. Some are purely developers, while others include product managers, designers, marketing, business, finance, and the arts. The best teams are often multidisciplinary.” He added: “We have seen psychologists work together with developers to create job profile applications. “There is a lot of room for creativity.”
The hackathon evaluation process will have a panel composed mainly of members of Ava Labs. Teams will be evaluated on the innovation and potential impact of their projects.
Beyond the chance to win a share of the $50,000 prize pool, the best team will have a chance to win a spot in the Codebase Incubator Program, which helps turn great ideas into successful Web3 companies.
Source: Ambito
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