Blockchain-based open innovation programs running experts Lumos Labs and CUDOS network have rolled out a three-month long hackathon CUDOS Hack-a-nauts aimed at empowering and optimising the blockchain developer pool by offering a sustainable and decentralised computing platform to the developers.
Open to both new and experienced developers, the hackathon will be having multiple pre-defined tracks including non-fungible tokens (NFTs), environment and efficiency.
“Technologies like blockchain and cloud computing lead the way to include more innovators and visionaries in the sector. Through the CUDOS India Hackathon, we are aiming for the holistic development of these innovators and visionaries while providing them with a platform to support their computing needs in a decentralised and cost-efficient manner,” said Kaavya Prasad, Co-founder, Lumos Labs.
Furthermore, the participants of the hackathon will get an opportunity to receive up to $50,000 in CUDOS (tokens) along with adequate ecosystem. The hackathon will also be interspersed with numerous meetups, workshops, mentorship sessions to ensure holistic development of the developers and their startups, an official statement said.
“Through this hackathon, we are hoping to provide the ingenious developer ecosystem of India with the right sustainable and decentralised tools to keep enhancing their visions and innovation. We are quite excited for this hackathon and the impactful innovations that will unfold during the course of it,” Matt Hawkins, CEO and Founder, CUDOS.
Industry observers reckon that the cloud computing infrastructure is thriving immensely and the International Data Corporation (IDC) has estimated the global spending on cloud services to surpass $1 trillion by 2024. The overall Indian public cloud services market is expected to reach $9.5 billion by 2025, growing at a CAGR of 21.5% for 2020-25.