Colony Kicks off $25K Global Hackathon to Celebrate Release of colonyJS JavaScript Library

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Online hackathon draws 16 top judges from blockchain industry, in collaboration with Blockgeeks, Maker, and Gitcoin

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I believe one of the most exciting potentials for smart contracts is to experiment in more creative ways to run decentralized organizations autonomously, and Colony is building towards that ambitious vision.

Colony, the Ethereum blockchain based project building a platform for the future of work, has launched a global hackathon to coincide with the release of the colonyJS library. Supported by the Colony team, participants will get access to new tools, with submissions judged between June 25–28 by a panel of 16 expert judges including Alex Van de Sande of the Ethereum Foundation, Ryan Selkis of Messari, and Taylor Monahan of MyCrypto.

The hackathon is in partnership with Maker and Gitcoin as part of a collaboration that will see a $25K prize pool paid in decentralized stable coin, Dai, via the Gitcoin platform. In addition, Blockgeeks will provide educational partner support as Colony champions the next wave of dApp developers.

Alex Van de Sande of the Ethereum Foundation and Hackathon judge said:

“Developers are vitally important to the better, fairer, more decentralized future we are all working towards, and hackathons are a great way to bring exciting new talent into our ecosystem. I believe one of the most exciting potentials for smart contracts is to experiment in more creative ways to run decentralized organizations autonomously, and Colony is building towards that ambitious vision.”

Colony is building open source tools for a more open, collaborative, decentralized future of work. Starting with mechanisms for division of labour, token incentives, and a reputation system which quantifies the expertise of contributors to a project; colonyJS provides Javascript developers with powerful blockchain functionality, without needing to directly manipulate complex smart contracts. The project’s white paper states:

“We envisage this protocol being integrated into a variety of applications. It could form the basis of a decentralised ridesharing service, claims handling in an insurance dApp, or to provide the framework by which a merchants’ guild coordinates in a virtual world.”

The release of the colonyJS library is the first step in the “Build with Colony” strategy, with more tools scheduled for release over the coming months. These tools provide sophisticated operational and governance frameworks for Decentralised Autonomous Organisations (DAOs) ahead of the project’s launch on Ethereum mainnet later this year.

Collin Vine, Colony Co-Founder, said:

“The release of the colonyJS library is a key milestone in the project’s ‘Build with Colony’ vision, and we felt there was no more fitting way to celebrate this than by inviting developers to collaborate with our new tools in a distributed global hackathon.

We are building tools to enable a more open, meritocratic future of work, and we're thrilled to have the support of such amazing judges and partners working with us on this mission.

The whole team is excited about getting involved and seeing how our new tools are used by the developer community.”

About Colony:

https://colony.io/

Colony is an Ethereum blockchain based project building open source tools for a more open, collaborative, decentralized future of work.

Founded in 2014, Colony is a team of 20, distributed across more than 10 countries. The project aims to complete its mainnet release this year.

About the Colony Hackathon:

https://colony.io/hackathon

The Colony Hackathon is open for submissions from June 5th–24th, with the judging process taking place from June 25th–28th of June.

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Daniel Oxenburgh
Colony
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