TAIKAI, the hackathon management platform, has announced that it would be using the Telos network to provide a fully transparent and auditable blockchain voting system, and as a token reward mechanism.
As Telos is built on EOSIO technology, and TAIKAI had previously been using EOSIO for this functionality, it was even the subject of a feature on the EOS blog earlier this month.
On June 29, it has been reported that TAIKAI describes its platform as an open innovation social network, which facilitates the bringing together of corporate facing challenges, with a community of innovators to help solve them.
However, the hackathon format provides a cost-effective way for companies to attract a wealth of highly specialized talent to focus on the problem at hand.
We’re happy to announce that we’re adopting @HelloTelos as our platform official EOSIO network. 🙌 With this, we will benefit from the integrations provided by the network to enhance the transparency and decentralization on our voting & reward mechanisms. https://t.co/4EfFbdSy7B — TAIKAI (@taikainetwork) June 29, 2020
It has been analyzed that with such a focus on matching up challenges and solutions, finding the right blockchain network on which to run the platform was the key.
Mário Ribeiro Alves, the CEO of TAIKAI, explained:
“TAIKAI is a community-driven platform and we look for like-minded partners that can help us create a network effect. Fortunately, we’ve found TELOS, and we knew from the first meeting that we were completely aligned. I’m confident we’ll build a great future together as we connect companies with innovative teams to solve real-world challenges.”
Blockchain has been part of the TAIKAI vision from the start, with Alves realizing the value of “tokenization as a way to provide a transparent and auditable selection process for use in hackathons and other innovation challenges.”
Likewise, it was important that a regular user would not notice any difference between using a blockchain-enabled platform and a non-blockchain platform.
Launched in March 2019, the company has brought on board some of the largest businesses and universities in its native Portugal and is looking to expand globally.