- The German Federal Ministry for Economic Cooperation and Development has selected the IOTA Foundation as one of 20 finalists on Smart Development Hack.
- The hackathon took place on May 14 and 15 and will fund the 20 projects to work on innovative digital solutions to combat the effects of the coronavirus.
The initiative to find a digital solution to alleviate the coronavirus crisis, the Smart Development Hack took place on 14 and 15 May. Supported by the German Federal Ministry for Economic Cooperation (BMZ) under the motto “let’s hack the coronavirus”, more than 150 institutions and teams took part in the event. A total of more than 1,000 solutions were submitted. Of all participants, only 20 teams were selected, among them, the IOTA Foundation.
We are happy to have been selected as one of the finalists of the #SmartDevelopmentHack to develop digital solutions in response to Covid-19 and other humanitarian emergencies together with our partners. We are excited to see the outcomes of this initiative!#IOTA https://t.co/9Ejld86rGN
— IOTA (@iotatoken) May 15, 2020
According to the official publication, the event aimed to find digital solutions to mitigate the effects of COVID-19, especially in low and middle income countries. In addition to the support of the BMZ, the event was supported by partners from “Team Europe”, the European Commission, EU member states, companies and civil society, as stated in a BMZ publication:
Our goal is to build on existing digital solutions and to refine and scale them with partners – across countries and sectors. The Hackathon is intended to adapt proven solutions locally and to promote innovations that provide digital help directly on the spot.
As already mentioned, the IOTA Foundation was among the 20 teams, together with ICME Healthcare GmbH, CADUS e.V., DOCYET GmbH, Medicus AI GmbH, Kiron Open Higher Education gGmbH and others, that were selected. The teams will be responsible for the development of a Smart Care Corona Response in Eastern European and African countries. The teams will receive financial support for this. In addition, the selected teams have the following opportunities to turn their ideas into reality:
It is time to take the next step: Bringing your ideas to reality! As a selected team we will connect you to an experienced coach who will guide through the hackathon’s working sessions. Additionally, you will provide you with support from interdisciplinary experts coming from our broad partner network.
On those selected, the German Federal Ministry for Economic Cooperation stated:
In the #SmartDevelopmentHack we have worked together with Europeaid 20 teams selected to work on innovative digital solutions to combat the effects of the coronavirus in the partner countries of German Development Cooperation.
IOTA vs COVID-19
As reported by CNF, IOTA has been the base for other projects focused on alleviating the COVID-19 crisis. At the end of April, the IOTA-based application “Open Marketplace” was a winner of the CODEVID19 hackathon. The Open Marketplace application provides a decentralized marketplace, which should facilitate trade in times of coronavirus and strengthen local trade through the use of IOTA.