DJ Coinsilium Group Limited: Indorse Post Covid Hackathon Progress Update
Coinsilium Group Limited (COIN)
Coinsilium Group Limited: Indorse Post Covid Hackathon Progress Update
08-Sep-2020 / 07:00 GMT/BST
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The issuer is solely responsible for the content of this announcement.
COINSILIUM GROUP LIMITED
("Coinsilium" or the "Company")
Coinsilium - Indorse Post Covid Hackathon Progress Update
London, UK, 8 September 2020 - Coinsilium Group Limited (AQSE:COIN) the
Blockchain, DeFi and Crypto Finance venture operator, is pleased to provide
a progress update on The Post Covid Hack, an online, global blockchain
hackathon initiative organised in partnership with investment portfolio
company, Indorse Pte. Ltd. ("Indorse").
An online hackathon is a design sprint-like event, spread over several
weeks, in which computer programmers and developers collaborate intensively
on software projects with the goal of creating functioning software
solutions by the end of the event. The objective of the Post Covid Hack [1]
is to mobilise and incentivise blockchain developers to build blockchain
solutions to address social and economic issues emanating from the Covid19
pandemic.
Further to the Company's 11 June announcement, the Post Covid Hack
successfully launched in August with the opening of registrations and a
series pre-hackathon educational webinars. The event will now run through to
November when judges and track partners will evaluate projects submissions
ahead of the final 'Demo Day' and award ceremony.
The hackathon has enlisted the support of over 60 partners including IOV
Labs, Gibraltar Finance, Mishcon de Reya LLP and KuChain; details of all
supporting partners can be seen here [1]. To date over 750 developers from
around the world have registered for the online event in which they will
compete for prizes worth up to USD30,000. Over 400 participants have also
registered on the hackathon's Slack channel with 13 business and technical
workshops scheduled, including tracks with particular Decentralised Finance
('DeFi') applications and challenges focusing on impact investment,
community currencies and wallets. Coinsilium Chief Executive, Eddy Travia,
will also join the panel of Judges and mentors.
Coinsilium Chief Executive, Eddy Travia commented: "Both the Coinsilium and
Indorse teams have been overwhelmed by the global response received for the
Post Covid Hack and the quality of partners that this worthy initiative has
been able to attract. We are most grateful to all sponsors and supporters
with special thanks to IOV Labs who have prepared an inspiring list of
challenges in the socioeconomic track and to Gibraltar Finance for their
active support and trust from day one of the hackathon's inception.
From a commercial perspective, it is also most pleasing to see Indorse's
technical capabilities at work; having effectively positioned their
proprietary blockchain powered technology platform to create a world-class
enabling solution for this high profile global online event.
The Post Covid Hack now serves as a robust commercial proof of concept and
the perfect showcase for Indorse's innovative Technology Industry solutions.
Indorse's community of developers and validators will also play a vital role
in the hackathon process which provides us with a high level of confidence
in the potential for similar future partnership opportunities between
Indorse and Coinsilium.
"We would like to congratulate the whole Indorse team on the successful
launch of the Post Covid Hack and acknowledge their professionalism,
know-how and ability to execute on such a highly ambitious initiative.
"We look forward to reviewing the open, permissionless solutions built by
developers in the next couple of months which aim to accelerate the
post-Covid social and economic recovery process."
Disclosure Note:
Coinsilium holds a 10% interest in the issued share capital of Indorse Pte.
Ltd. as part of the Company's investment portfolio. Coinsilium also holds
5,793,875 IND tokens representing approximately 15.37% of the current
circulating supply. This holding is formed of a combination of tokens
granted as founder investors as well as subsequent market purchases made by
the Company.
The Directors of Coinsilium Group Limited take responsibility for this
announcement.
For further information, please contact:
Coinsilium Group Limited +44 (0) 7785 381 089
Malcolm Palle, Executive Chairman www.coinsilium.com
Eddy Travia, Chief Executive
Peterhouse Capital Limited +44 (0) 207 469 0930
Guy Miller / Mark Anwyl
(AQSE Growth Market Corporate Adviser)
SI Capital Limited +44 (0) 1483 413 500
Nick Emerson
(Broker)
Notes to Editor
About the Post Covid Hack
Indorse and Coinsilium have come together to organize this massive global
online hackathon in order to source and create new innovative solutions that
leverage the best-in-class blockchain technologies and platforms from the
market in order to solve the novel challenges posed by the Covid19 pandemic.
This hackathon will have several tracks sponsored by some of the top
blockchain companies from around the world.
Further details on The Post Covid Hack can be found here [2]. Details of
scheduled business and technical online workshops here [3] and registration
details here [4]
About Coinsilium
Coinsilium is a focused Blockchain, DeFi and Crypto Finance venture
operator. As the first ever IPO of a blockchain company in 2015, Coinsilium
has harnessed its experience and wide-ranging network to invest in leading
blockchain projects such as RSK/IOV Labs, Indorse and Blox.
In July 2020 Coinsilium executed an agreement with global blockchain
protocol company IOV Labs, to establish a 50/50 Joint Venture Company in
Singapore to promote and commercialise RSK's products, services and
technologies in the Asian markets and to promote the adoption in the region
of the RIF token which powers the ecosystem of solutions developed by RSK,
their partners and developers around the world.
Coinsilium shares are traded on the AQSE Growth Market, the primary market
for unlisted securities operated by Aquis Stock Exchange, a Recognised
Investment Exchange under the Financial Services and Markets Act 2000.
For further information please visit [5]www.coinsilium.com [5] or follow
@CoinsiliumGroup on Twitter
About Indorse
Indorse is a skills validation platform which helps companies find the
talents they need faster. Unlike other platforms on which users can claim
skills without a proper validation, Indorse ensures that users' skills are
assessed and validated by a panel of experts.
Using cutting edge technology, Indorse provides insights about candidates'
skills and proficiency level. Instead of spending several man-hours and
dollars sifting through a barrage of resumes, hirers can now interview only
the validated candidates who have been assessed by experts in the domain.
For further information about Indorse please visit www.indorse.io [6].
ISIN: VGG225641015
Category Code: MSCM
TIDM: COIN
Sequence No.: 83660
EQS News ID: 1128399
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(END) Dow Jones Newswires
September 08, 2020 02:00 ET (06:00 GMT)
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