Review | The hackathon ended successfully, and the international influence of TOOL was further enhanced!

From June 29th to June 30th, 2021, the TOOL Global Hackathon 2021 (Tooth Gold Chain International Hackathon) online global live broadcast event was successfully concluded, and it received support and recognition from many internationally renowned media, and its international influence continued to increase!

  ( Supported by the international media Bitalk News, Twitter attention continues to increase)

(Supported by domestic first-tier blockchain media)

This hackathon focused on four major areas: blockchain, digital assets, and cybersecurity, and was committed to bringing together blockchain companies and communities to increase the visibility and potential of the entire encrypted digital asset market. Seventeen well-known blockchain institutions from different regions around the world gathered with the Singapore WOLOT Foundation to explore the technical boundaries of blockchain and the infinite possibilities of blockchain. Many CEOs and presidents of the institutions expressed their wonderful insights.

[The following is a wonderful record of the hackathon live broadcast]

n Seminar: TOOL helps SMEs better transform in the digital economy

At 10:00 on June 29 (Beijing time, all the following are Beijing time), TOOL Global Hackathon officially began. The seminar team consisting of Ben Chan, Chairman of WOLOT Foundation, Dr. Patrick, CEO of Cordata Foundation, and Tan Choon Boon, CEO of Ebuycoin, kicked off the meeting.

Ben believes that SMEs have many pain points in the digital economy transformation, so a low-threshold platform is needed to help SMEs transform, which is what Digital Finance Chain is doing. Dr. Patrick talked about the cross-chain technology that is indispensable for DeFi operations, and Cordata is developing a cross-chain technology solution for this. Tan gave a brief introduction to the Ebuycoin exchange, saying that Ebuycoin is committed to providing a safe and convenient platform for global users. After the seminar, the guests made further detailed discussions on related topics.

n Ben, Chairman of WOLOT Foundation: The blockchain ecosystem will help small and medium-sized enterprises to transform to blockchain

At 11:00 on June 29, Ben, Chairman of the WOLOT Foundation, first shared his views on the topic of "Is blockchain technology ready to be widely adopted by mainstream commercial organizations in ASEAN?" He said that blockchain technology is in its early stages and will definitely have more value in the future.

Ben said that in just 12 years, the market value of BTC has exceeded 1 trillion US dollars. As the market value of Bitcoin continues to increase, the security, transparency and trust mechanism of blockchain are gradually strengthened. More and more companies need to transform to the chain, and Digital Finance Chain can provide services for these companies.

The ToAOL ecosystem can help small and medium-sized enterprises achieve co-construction, co-governance, sharing and win-win, and help them enjoy blockchain technology at the lowest cost. It will provide customized solutions (tokenization, financing, digital strategy and technology strategy) and provide the ecosystem's existing solutions and incubation technologies to help small and medium-sized enterprises implement transformation. In the future, ToAOL will also work with partners such as Cordata and Ukiss to continue to provide more services and develop more products for users within the ecosystem.

n Dr.Patrick: The BDE cross-chain project injects new vitality into the construction of a more inclusive DeFi

At 13:00 on June 29, 2021, Dr. Patrick, CEO of the Swiss Cordata Association, gave a speech on the topic of "Decentralized Finance (DeFi)", stating that DeFi provides more diversified products and improves the inclusiveness, transparency and risk management of financial services.

Dr. Patrick said that DeFi has achieved open source code, the flow of each fund is clearly traceable, and asset owners can self-custody through wallets in DeFi, which is more stable, secure, flexible and transparent than centralized finance.

DeFi is essentially based on automation and blockchain, and its operation cannot be separated from cross-chain technology. A technology is needed to monitor the tens of thousands of cryptocurrencies in DeFi and strengthen the connection between different blocks. Therefore, the Cordata Association is developing a cross-chain technology solution BDE to ensure the operability and liquidity of each blockchain system and build a more inclusive financial world.

n Rudy Fang: Blockchain provides huge possibilities for small and medium-sized enterprises to compete with large enterprises

At 15:00 on June 29, 2021, Rudy Fang, CEO and founder of CASEA-BC, held a discussion on the topic of "How blockchain can improve business sustainability of SMEs in Central Asia and Southeast Asia". He said that "Blockchain as a Service" may be a key differentiating factor.

SMEs around the world face the same problems of insufficient resources, insufficient economies of scale, lack of connections, increased competition from large companies, lack of research and innovation, lack of stability and lack of entrepreneurship. Therefore, CASEA-BC (Central and Southeast Asian Chamber of Commerce) has established a consortium blockchain among SMEs in 16 countries to help SMEs build competitive advantages with large companies and improve business sustainability. At the same time, it is necessary to formulate reasonable strategies: 1. Increase production and surplus through quantity and quality; 2. Use products for demand exchange; 3. Use stablecoins and CASEA Coins when exchanging; 4. Deploy machine learning and artificial intelligence through the data collection function of blockchain.

n Dr. Dietmar Peetz: Business opportunities and resources are moving eastward

At 18:30 on June 29, 2021, Dr. Dietmar Peetz, President and Chief Investment Officer of IFARA Switzerland, shared how to create profits from huge wealth with the continuous development and support of technology under the theme of "China's Move Towards Rothschild".

Dr. Dietmar shared the wealth accumulation history of three major families including Rothschild and explained how European families fight against entropy and iceberg risks: 1. Invest in intellectual capital/expertise: learn what you don’t know; 2. Invest in social capital and engage in social activities; 3. Form a cohesive collective structure (e.g., family business, family vision). Finally, he emphasized that due to the interweaving and integration of cycles, there will be huge changes in the next 5-10 years. The East can use the technology and economy created by the West in the past to make new investments, such as blockchain.

James Gan: UKISS will lead the digital asset security revolution

At 20:00 on June 29, 2021, James Gan, CEO of UKISS Technology, brought us a sharing on the topic of "How to avoid losing your digital assets?" James Gan said that the UKISS HUGWARE wallet will trigger the next revolution in the field of digital asset security protection.

James Gan said that 2021 is a bull market for cryptocurrencies, and the security of crypto assets has attracted attention. There are three existing ways to store crypto assets: hot wallets, cold wallets, and hardware wallets. Due to problems such as forgotten passwords, hacker attacks, loss, and complex operations, there are still many challenges to the security of crypto assets. However, the UKISS HUGWARE wallet with patented technology developed by UKISS directly addresses the above pain points, making the protection of crypto assets simple, safe, and effective!

UKISS Technology will combine UKISS HUGWARE hardware devices and KISS tokens to develop a new era of security ecosystem, putting safety first, improving the investment ecosystem and maximizing network effects. At the same time, UKISS has reached in-depth cooperation with Token Finance, and will jointly safeguard the security of encrypted assets for users and enterprises in the future.

n John Lim: Blockchain startups and corporate collaboration can maximize resource utilization

At 9:00 am on June 30, in the lecture "Partnerships in the Blockchain Ecosystem", Meet Ventures partner John Lim pointed out 4 reasons why blockchain startups and enterprises should cooperate.

He believes that large blockchain companies need a team to implement blockchain projects, while startups can focus their energy but lack project resources. Through cooperation, blockchain startups and large companies can inject new resources into their respective ecosystems and use strategies and tactics that suit each unit. This combination can allow blockchain networks to expand rapidly and achieve success.

Edward Chen: Blockchain technology is increasingly being used

At 13:00 on June 30, Edward Chen, regional director of Huobi Singapore, shared his views on the topic of “Cryptocurrency Revealed - Understanding Cryptocurrency and How It Works”, saying that blockchain technology is being widely used in daily life.

We can see many healthcare systems starting to use blockchain to store data, the U.S. Department of Homeland Security also uses blockchain technology to record data captured from its security cameras, and Essentia, together with Traffic Labs and the Finnish government, has developed the world’s first blockchain solution to manage international logistics hubs.

In addition, more and more industries and countries are beginning to change their attitudes towards cryptocurrencies. More institutions are adopting the cryptocurrency ecosystem, more countries are strengthening their regulation of cryptocurrencies, and more traditional banks and traditional financial institutions are beginning to accept cryptocurrencies.

n Alvin Chua: Mastering design thinking to understand blockchain

At 15:00 on June 30, Alvin Chua, President of the Blockchain Technology Institute, gave an online presentation on "Design Thinking and Blockchain", pointing out that design thinking has five stages: empathy, definition, conception, prototyping and testing.

In the empathy stage, we need to look at the problem from the user's perspective and conduct in-depth research on people and organizations to determine the target audience. In the definition stage, we need to start from the perspective of empathy and develop an actionable problem statement. In the ideation stage, after the ideation is completed, please choose one idea among all the ideas and develop a solution statement. In the prototype stage, you can build, review, optimize and iterate. In the testing stage, we need to get verification and feedback.

Caleb Yap: To be a smart investor, you need to know everything in advance.

At 17:00 on June 30, Caleb Yap, co-founder of the Singapore Bitcoin Club, gave a discussion on the topic of "Becoming a Smart Investor". He emphasized that it is foolish to start investing without knowing about cryptocurrencies.

At the seminar, Caleb shared some insights on becoming a savvy investor based on his personal experience: It is foolish to start investing without understanding cryptocurrency. When investing, do not easily invest based on information from media platforms. You must fully understand the investment field, follow the average cost method, understand your own investment personality and investment habits, plan investment strategies in advance, and make investment decisions carefully.

n Maruf Ahmed: More companies entering the market will bring development and business opportunities to blockchain

At 18:30 on June 30, Maruf Ahmed, president of the Government Blockchain Association (GBA) branch, provided some suggestions for companies moving into the blockchain field based on "How to Better Manage Cyber ​​Incidents".

As more and more companies enter the blockchain field, they need to develop network management plans that can achieve network resilience. At the same time, the entry of companies brings more education and innovation opportunities, and the blockchain field will also usher in more development and business opportunities. We look forward to GBA and ToFin to work together in the future to implement more physical applications for the TOOL ecosystem worldwide.

The guest sharing sessions of this hackathon have all ended. The perfect conclusion of the conference is inseparable from the support of all partners and the vast number of users of ToOL.

Audiences from all over the world watched the conference through online live broadcast. It is believed that global users have a deeper understanding of TOOL’s partners, such as the BDE cross-chain project with Cordata, the digital asset security protection cooperation with UKISS, and other international cooperation projects. TOOL’s ecosystem has taken a further step towards the international stage, providing more small and medium-sized enterprises around the world with simple, effective and secure chain transformation services, allowing more users to enjoy the fun of technology and laying a better foundation for the rapid global development of TOOL’s ecosystem!

In the future, the TOOL ecosystem will accelerate the promotion of V4 open source work, including OLO wallet open source, DeFi layout, NFT, decentralized traffic business system construction and ERC20 cross-chain mapping, etc., to further improve the diversified ecology of TOOL, continuously enrich application scenarios, and continuously enhance the value of tokens, so that TOOL can empower businesses and add color to the global blockchain industry! Thank you for your support, and see you at the next hackathon!