IIT BOMBAY CoE on Blockchain Research invites you to participate in a Blockchain Hackathon

Hackathon Theme Topics

Build a Tokenization Service PoC: Tokenization is the process of creating a digital representation of a real thing. Tokens can represent assets, including physical assets like real estate or art, financial assets like equities or bonds, intangible assets like intellectual property, or even identity and data. Show how your tokenization service is useful in automation of event-driven asset state modification (token programmability), in verifiable representation of a process’s stage completion (like eKYC), in achieving interoperability. You are free to choose any application as a use-case scenario.
Automatic Settlement of Insurance Claims: As Blockchain creates a single source of truth it provides a real-time view of healthcare processes to the healthcare providers and the insurance companies underwriting the health claims on behalf of the insurance premium payer. The Indian Government provides one of the largest insurance covers to its citizens. Central and State governments run different schemes. In the case of the state of Maharashtra, MJP-JAY provides insurance cover of Rs. 5 lakhs per family per year. The hospitals that are empanelled on MJP-JAY and PM-JAY (the central govt insurance cover) have to treat patients for designated medical conditions to citizens based on their eligibility. Provide an automated claim settlement process using blockchain that considers scenarios that not only deal with single scheme but both the schemes simultaneously (for example, MJP-JAY precedes over PM-JAY for common disease cover, ii) PM-JAY provides unlimited insurance for super senior citizens, iii) NHA covers road accident victims cover for trauma up to Rs. 1.5 lakhs for 7 days across national highways.)

Expected Features in the PoCs

The Tokenization Service: Build a cryptographic token issuing service that facilitates token management (full life cycle: issuance, validation, revocation)
- Tokens are used for abstraction of services, assets, currency
- Different types of tokens represent distinct states of underlying abstracted entity
- Tokens help in hiding the intricate details of a transaction which either party of a transaction wants to protect from the other
- Build a token management service with offline validation facility where the relying party need not contact the token issuer
- For example,
  - Build an e-commerce application where the tokenization service sits between the payment facilitating bank and the vendor
  - Bank should issue an outward payment instruction of an amount indicated by the user
  - The bank should not know for what item the payment instruction is executed
  - The vendor and the tokenization service provider should not know who the user is.
- You may choose any other use-case with similar expected features as above.
The Insurance Claim Settlement System: Build an ecosystem of hospitals, 108/1077/1033 helpline, ambulances, TPAs, insurers who work in tandem to serve citizens for their healthcare needs.
- Each citizen has Ayushman Bharat card, which is linked to Aadhaar and belongs to a unique family ID
- Different states have different insurance policies
- Central government insurance covers across the country for families having lower income level (derived from the colour of the ration card)
- Maharashtra government insures its citizens irrespective of their income level
- Build a claim clearance platform which provides the following
  - Insurance coverage status for the querying entity (eligibility, coverage consumed, etc.)
  - Dashboard to the government (real-time status of different processes)
  - Statistical reports by querying the ledger

Participation Criteria

This hackathon is open for all, irrespective of geographical boundaries. Registration is mandatory. You are allowed to participate remotely.
Registrations are now open (teams can register here; max 4/team; teams can be a mix of industry & academia). Monickers of eligible teams will be announced on this website on December 05, 2024.
To develop the above PoCs, the eligible teams must make use of XRPL protocol.
It is recommended to use virtual machines to develop the PoCs. Efforts made to minimise the deployment efforts during evaluation will earn special consideration.
You will also share the github repo link to your codebase.
The jury will judge the PoCs for their feature-coverage with a minimum reliance on off-chain logic.

Registration & Timeline

Registration formally opens on November 20, 2024
Registration closes on December 04, 2024
Notifications of eligibility will be sent out on December 05, 2024
Ripple along with XRPL Foundation provides a online tutorial on XRPL protocol to the registered participants on December 06, 2024 (online). Meantime, you can refer to the resources listed on this website (below).
Final submission along with presentations (hybrid-mode) will happen on December 15, 2024 at IIT Bombay, India. Remote teams will present online.

Know About the XRPL Protocol

Learn to code on the XRPL
XRPL Commons
Discord channel for XRPL (Join and seek help on XRPL protocol)
Official XRPL Commons Github Account
YouTube Channel of XRPL Commons

Prizes & Motivation

First prize: INR 80,000/-
Second prize: INR 50,000/-
Third prize: INR 20,000/-
Each successful team who reaches the presentation phase will receive a certificate of participation to all of its members
Teams that are recommended by the Jury will be reached out to develop their idea further and pitch it to the XRPL Accelerator program leading to an application to obtain the prestigious XRPL Grants.

Venue for Finals & Program

IIT Bombay, CSE Conference Room, 15 Dec 2024

11 AM – 1 PM – Code & Presentation pitch
1 PM – 2:30 PM – Lunch break & Jury deliberations
2:30 PM – 3:30 PM – Award ceremony
4:00 PM – 5:30 PM – Ripple meet-up celebration & High Tea

Winner Teams


FIRST PRIZE: Team ChillGuys (for Tokenization PoC)
Vipul Bondre, Sr R&D Engineer, Synopsis
Samiksha Verma, PhD Scholar, IIT Bombay
Abhishek Shukla, Sr Engineer, Progress

SECOND PRIZE: Team SweChai (for Settlements PoC)
Swetha M, Masters student, IIT Bombay
Chaitra Gurjar, Masters student, IIT Bombay