Decentralized Marketplace Based on IOTA Wins Coronavirus Hackathon

As the coronavirus crisis continues, numerous projects and companies want to offer  a helping hand. During the previous week of the CODEVID19 Hackathon, an application based on IOTA technology took first place.

The coronavirus crisis has certainly highlighted many shortcomings in society.

IOTA Technology x Coronavirus

Especially when it comes to logistics and technology, there are many aspects that need to be improved upon. 

There are also ample questions regarding governments and leadership, but that is a different story.

One Hackathon, dubbed CODEVID19, is designed to leverage blockchain and other technologies to aid during the COVID-19 crisis.

Last week, an application known as Open Marketplace took first place.

This solution is built on IOTA technology and provides a decentralized marketplace.

Related Post

Its main objective is to connect local businesses and traders.

This will, in turn, strengthen local trading and domestic economies.

Taking on the likes of eBay, Amazon, and others will not be easy, however.

Through Open Marketplace, users can communicate, post sell offers, and provide information regarding overall developments.

Vendors can set their own prices and do not pay posting fees or other transaction costs. 

There is also an option for delivery requests, estimated times of arrival, et cetera.

An interesting example of leveraging IOTA technology to solve a global pandemic.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

Top 19 Most Traded Metaverse Coins Right Now

Metaverse coins continue to dominate the crytpocurrency scene, with a total market cap of $40…

4 hours ago

These 3 Recently Released Metaverse Coins Gained Over $100 Million Market Cap in Under 24 Hours

There are dozens of new cryptocurrencies getting listed on decentralized exchanges every day. Some end…

16 hours ago

These 2 Meme Coins Gained Over 300,000% in Price Last Week, but There’s a Catch

Meme coins continue to dominate crypto markets, as many are seeing incredible price gains even…

19 hours ago

Top 15 Metaverse Coins With a Unit Price of Under $1

Metaverse coins are the current hype in crypto, and many people are looking to make…

1 day ago

123 Swap Announces the Launch of a Strategic Partnership With Avalanche With New Addition to Its Cross Chain

123Swap today announced the integration of its unique decentralized, non-custodial cross-chain architecture into Avalanche (AVAX).…

2 days ago

Top 13 Metaverse Tokens With The Highest Price Gains Today

With Metaverse being all the hype in crypto, there are plenty of projects that are…

2 days ago

This website uses cookies.