FAQs

General

What is Taikai?

Taikai connects talented innovators and entrepreneurs with the challenges of the corporate players, through the power of the sharing economy and blockchain trust. You can check the About us page to know more about what we do.

How does Taikai work?

Organizations post their challenges, rules and prizes on Taikai and students, innovators or startups, in teams or individually, can create a solution for that challenge. The crowd or jury selected by the organization back the best projects and the winner takes the prize. Easy, right? Check out the innovators & organizations page to know more.

What are Kai tokens? What can I do with it?

Kai is the currency used in our platform. Innovators that won challenges and backers that invest in the winning projects are rewarded with Kai tokens. These tokens can be used to access to more features and services within the platform. You can also send and receive tokens from other users in the platform.

Why is Taikai using blockchain?

Blockchain technology allows us to bring decentralized trust and transparency to the voting system, align and automate processes to distribute incentives to the participants and ensure end-to-end traceability of challenges and projects.

What information is stored on the blockchain?

All the backing process transactions, the transactions between users and the transactions between the main entities on the Taikai economy are traceable on the blockchain and could be scrutinized by an external entity. Apart from that, a snapshot of the current balances at any time could be retrieved from the Taikai smart contract. When a challenge finishes the final standing table for the challenge will be published on the blockchain for future analysis by a challenge auditor. On future versions of the platform, the intellectual property originated on the platform will be stored on TAIKAI smart contract to prevent others from using the information and intellectual goods that a project creates.

What blockchain platform is being used on Taikai?

We’re using the EOS.IO protocol to run our smart contracts and to build our native token. EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware with the computing resources distributed equally among EOS cryptocurrency holders. We chose this platform essentially for its scalability, feeless transactions for our users and for the support we got along the development process, among other reasons.

Are we using a Private or Public Blockchain?

At the moment we’re testing our smart contracts and transactions on an EOS private network, but fully accessible and auditable by anyone. Once we’ve obtained enough data that shows that we do not have any vulnerabilities, we’re going to move to an EOS public testnet, so that we can test our platform in a more real and public environment. By gaining traction and growing our user base and transactions, we’ll consider using the EOS mainnet, having by then our smart contracts fully tested and hopefully bug-free.

Innovators

Who can solve a challenge?

We call innovators to those who solve challenges, and they can be anyone that has the knowledge and experience to address a problem. Students, universities, freelancers, developers, creatives or startup members are just some examples of our innovators.

How do I submit a solution?

You can submit solutions to challenges that are active and until the submission deadline. If you want to provide a solution you need to go the challenges page, choose the challenge and click on the “Create Project” button on the top right.

How can I ask questions about a particular challenge?

We are going to launch a forum where you will be able to discuss different challenges with organizations and other innovators - stay tuned! In the meantime, if you have any question about a challenge please send us an email to [email protected]

How do I know the challenges and awards are legitimate?

We only accept legitimate and reputable organizations in our platform. During the process of creating a challenge we also help organizations to create the best challenges possible and appropriate awards.

How many projects can I present per challenge?

You can only submit a project per challenge. So, ensure you create the best solution possible to tackle that challenge.

What incentives do I have to participate in the challenges?

Organizations can define different types of prizes that could be money, support to develop a PoC / prototype, among others. You will also be rewarded with badges and reputation that will allow you to access more features and services. If your project wins the challenge you/your team and the backers of your project are rewarded with tokens for their service to the platform.

Who chooses the winner of a challenge?

The organization that creates the challenge defines who can back the projects submitted. Organizations have three options:

  • Crowd: everyone in the platform can vote the on submitted projects
  • Members of a specific organization: only members from an organization can vote on the submitted projects
  • Selected jury: only a selected people (jury) can vote on the proposed projects

What happens with my intellectual property after the challenge?

If you or your team win the challenge and you’re awarded for it, the intellectual property of your Project is passed on to the Organization that pays the prize (except if the Challenge clearly states otherwise). If you’re not selected as a Top Project, the intellectual property is yours to do whatever you want. In the future, we’re going to implement a way to track your IP on the platform through the use of blockchain technology, so that you can use that as proof. For more details regarding IP, please check our Terms & Conditions.

What happens if I participate with a team?

To participate with a team when you are creating a challenge or editing a challenge you can add or remove other innovators to your project. If your project wins the challenge, the prize will be divided equally between all members of the team. If this does not reflect the effort of each member within the team, we suggest that you make contracts with those members outside the Taikai platform.

Who has access to my project?

Anyone logged in the platform can see a description of your project if it’s already published. In the future, depending on the settings of the challenge your project can be private and only you and the organization will have access to it.

Organizations

Who can post a challenge?

If you need the help of innovators, you need to create an organization. Organizations can be corporates, universities, startups, governmental entities or NGOs. You need to create your personal profile before creating an organization.

What type of challenges can I post?

Taikai is an open innovation platform focused on tech challenges so your challenge should have that focus too. Let us know if you can help you in creating your challenge through [email protected]!

How can I monitor a challenge?

In the challenges page, you can see the projects already submitted to your challenge. In each project page, you can see a description of the project and the team that is working on it.

How do I know the project’s intellectual property submitted is owned by its innovators?

By signing up on the Taikai platform, Innovators agree that they are the sole owners of the intellectual property inserted into the platform. If that is not the case, they can face legal action by providing false or misleading information. For more details please check our Terms & Conditions.

What happens if there is no participation in my challenge?

If this happens we can help you re-think your challenge in a more attractive way and/or change the submission deadline of the project.

What happens if there isn’t any project that deserves to win my challenge?

By creating a challenge, you should state clearly what are your objectives with that challenge. If it is not clear, projects that aren’t aligned with your best interests may be selected to win the challenge and there is nothing we can do about it. If it is clear and stated on the Terms of the Challenge, you can cancel that challenge if the projects selected aren’t what you asked for. Selecting a specific jury, along with a crowd jury, may also help to balance this out when choosing the best projects aligned with your vision.

Can I publish a challenge anonymously?

That’s not possible. However, you are going to launch a new set of features that allow organizations to create their challenge on a private mode where only selected members can view, participate and vote.

Can I make questions to the participants before I choose the winner?

We are going to launch a forum where you will be able to discuss directly with innovators their ideas and projects - stay tuned! In the meantime, if you have any question about a project please send us an email to [email protected] .