RWA Tokenization Hackathon

RWA Tokenization Hackathon 2024

Join us for the RWA Tokenization Hackathon 2024, an event under the PRR Program that brings together business strategy and cutting-edge technology. Organized by the Nova Blockchain Club, Data Science Knowledge Center, and Layer X, and proudly sponsored by Ripple, this hackathon challenges participants to innovate in the field of tokenized Real World Assets (RWAs).

Scope

Challenge 1

In the construction industry, payments between clients and construction companies are typically made in tranches, based on different stages of the project. However, this system often lacks transparency, leading to conflicts regarding timelines, work quality, and payment schedules.

Challenge Overview: Participants are tasked with designing a reliable system that ensures a balanced relationship between the client and the construction company. We expect the system to:

• Provide real-time transparency for both parties, offering a clear view of the project’s progress and work quality.
• Ensure that payments align with actual milestones, reducing the risk of premature payments or delays.
• Incorporate mechanisms that allow for better communication and accountability, ensuring the client’s expectations are met at every stage.

Challenge 2

Property transactions traditionally involve the sale of the physical property itself. However, in many cases, stakeholders are more interested in trading the rights associated with the property—such as usage rights, construction rights, or income rights—without transferring full ownership.

Challenge Overview: Participants are tasked with creating a governance system that allows property rights, rather than the property itself, to be traded in a transparent and balanced way between stakeholders. We expect the system to:

• Clarify the distribution of property rights, reducing conflicts between owners, investors, and other stakeholders.
• Ensure fair and transparent decision-making in property management, particularly when different rights are involved.
• Enable the effective commercialization of partial property rights, such as usage rights or income generation rights, in co-investment or passive income scenarios (e.g., shopping centers or parking lots).

Categories

🏅 Best Business Strategy: Awarded to the team with the most well-defined and innovative approach to market entry or growth, showcasing strategic thinking and potential for real-world impact.

🎖️ Best Proof of Concept: Awarded to the team that delivers the most functional and promising prototype, effectively demonstrating the product’s potential and feasibility.

Audience

The RWA Tokenization Hackathon 2024 welcomes students from business and informatics, Web3 enthusiasts, professionals, and companies interested in exploring blockchain applications for real-world assets.

We welcome both team and individual registrations, as we'll be happy to assign individuals to teams later. Participants without Web3 experience are highly encouraged to join—small onboarding workshops will be available to help introduce them to key topics.

Deliverables

Mandatory Deliverables:

Project Proposal/Whitepaper (Both Tracks) - A clear document outlining the problem being addressed, the proposed solution, the blockchain component being used, and the expected impact.

Proof of Concept Demo (Technical Track) - A functional prototype that showcases the key features of the solution, integrating blockchain elements.

Business Strategy Document (Business Track) - A well-structured go-to-market strategy that covers market entry, user acquisition, partnerships, scaling plans, and monetization. Must include competitor analysis, risk management, and user onboarding strategy (especially for non-Web3 natives).

Tokenomics/Revenue Model (Both Tracks) - A clear explanation of the tokenomics or the revenue model that shows how the project will generate and sustain value over time.

Optionally you can include:

User Flow and UI/UX Design (Both Tracks) - A wireframe or prototype of the user interface and user flow, with attention to the onboarding process, especially for non-Web3 users.

Important Dates

• Hackathon registrations ends - 6th November at 23:00
• Opening ceremony at NOVA SBE campus - 12th November at 18:30
• Hackathon kickstart - 13th November at 09:00
• Workshop #1 Blockchain Onboarding w/ Rica Amaral and Lara Malta (online) - 13th November 
• Workshop #2 TBA
• Workshop #3 TBA 
• Workshop #4 TBA
• Project's submission - 20th November at 10:00
• Winners Announcement and closing ceremony - 21st November at 18:30