Boston Consulting Group's DV to Host Hackathon for Blockchain Apps

BCG Digital Ventures (DV), the global corporate venture, investment and incubation arm of the Boston Consulting Group, today announced that it will host its first ever dAppathon (hackathon for decentralized apps) this August 25-27 at LA’s Silicon Beach.

With prizes totaling over $10,000 in cryptocurrency, the two-day event marks the inauguration of DVolution, focused upon pioneering decentralized common services by leveraging third-generation Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term protocols.

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Dominic Williams, Chief Scientist, DFINITY network, and President/CTO String Labs, a contributor to DVolution, commented: “Blockchain computer networks are a new type of IT platform for business with transformational properties that can be used to fundamentally reimagine and reengineer many business systems for the better. They will cut costs, generate new value, unlock synergies, support dynamic new markets and allow businesses to work together with unparalleled efficiency.”

It was also revealed that Mike Schwartz, Partner, BCGDV has been quietly assembling a team of elite blockchain-centric product managers, architects and engineers to build out DVolution since 2015.

“The blockchain is to us today what the internet was in the early to mid ’90s, but this next shift will be even more disruptive; as data, logic, regulatory frameworks and entire stakeholder ecosystems make their way into the fabric of the next generation of the internet. Given the time it takes to pivot large organizations’ business models, one simply cannot afford not to be actively engaged in understanding how to continue to provide shareholder value given relative immediacy of this coming change,” said Schwartz.

Three winners will be chosen by a panel of judges, the other participants, and Reddit’s Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term community.