Streamr has announced project Vidhira from team Atmanirbhar from Shri Ramdeobaba College of Engineering and Management, Nagpur winner of the Streamr Data Challenge. This is an innovative program that encourages the Indian developer ecosystem to create more valuable data economies through Streamr’s Data Union framework.
The project Vidhira by team Atmanirbhar was selected after multiple rounds of shortlisting from a pool of over 200 registrations spanning across various industry verticals, including healthcare, media/entertainment and IoT-based products. The four month long Hackathon was interspersed with multiple meetups followed by two-week long intensive integration period. The 20 projects selected for the first cohort were incentivized by a $200 build grant each and the top five start-ups and developers pitched their projects to a live panel of judges, including Mathew Fontana, Head of Ecosystem, Streamr along with Marlene Ronstedt, PR and Events Executive, Streamr at a virtual Demo day.
The event also saw a panel discussion on the Internet of Ethereum with experts from the blockchain space who understand decentralized performance, developer and user experience, and most importantly data handling including Henri Pihkala, Founder & CEO, Streamr, Harsh Rajat, Founder EPNS, Aniket Jindal, Founder, Biconomy, Arjun Kalsy, VP-Growth, Polygon, Ganesh Swami, Co-founder, Covalent and Raghu Mohan, Co-founder & CEO, Lumos Labs.
Henri Pihkala, CEO and Co-founder at Streamr, said the Streamr Data Challenge was established with the goal to educate Indian developers about Streamr’s unique Data Union framework “We are touching a completely new territory here right now, where the combination of crypto and data crowd-sourcing can open up entirely new incentive models and use cases for internet users,” he said. “And I am excited and happy to see that this fusion has brought about some pretty interesting use cases. We have seen projects integrate the framework into existing apps such as medical ML use cases, but also entirely new products which are primarily focused on crowd-sourcing information. This is only the beginning of building the decentralized Web 3.”
Vidhira is an application developed by a four member team, team Atmanirbhar, from the Shri Ramdeobaba College of Engineering and Management to safeguard content creators from plagiarism. Their decentralization web application, Vidhira allows content creators to showcase their work without having to worry about their content being plagiarised by tagging their content with a unique ID. The Data Union records this information and streams it to a marketplace where people looking to buy content can pay for it, which in return rewards the creator of the content.
The winning team will receive $5000 as grant money along with go-to-market support through its vast investor network and mentoring to build a strong foundation for capital-efficient growth. The hackathon was launched by Streamr Network in India, in partnership with Lumos Labs, an innovation management firm specializing in running technology open innovation programs in India to expand Streamr’s developer ecosystem to India.