Blockchain Protocol Bytom has announced the launch of its Global Dev Competition. The goal of this competition is to strengthen Bytom’s developer community, as well as promote blockchain technology and improve partnerships between technical peers in both China and abroad.
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BTM Global Dev Competition Details
The event is a two-day contest lasting from October 18th to the 21st, 2018 in Hangzhou, China. Two million BTM tokens will be awarded as incentives for teams to participate and perform their absolute best.
Organizers will also provide technical guidance and provide business incubation to projects that hold the most promise. In order to become a part of the competition, groups must register online, and enter into a preliminary online coding contest. Two weeks after the deadline of this first stage, a shortlist will be announced, and teams will be invited for the main event.
For teams unfamiliar with the platform, technical support, which includes a developer’s guide, will be provided to participants. In addition to this coding contest, a Bytom’s developers’ conference will also be held at the end of October in Silicon Valley.
Bytom Blockchain Protocol Details
Since the platform uses its own interpretative Turing-complete Equity language, there may be somewhat of a learning curve for groups unfamiliar with the syntax. However, the language easily allows users to manipulate assets within the platform, as well as integrate them easily in numerous business scenarios.
Assets can be operated in different forms like warrants, securities, dividends, bonds, intelligence information, forecasting information, as well as physical information. The goal of the platform is to bridge the physical and digital world, where all these assets can then be registered, exchanged, and manipulated in other use cases that even Bytom hasn’t fathomed.
With asset management a several trillion dollar per year industry, Bytom has the potential to disrupt one of the biggest global industries. Any amount of savings would be translated into millions of dollars of improved performance, which would massively help asset managers working on razor-thin profit margins.
Not only will Bytom increase liquidity, security, and value of these assets, but even new use cases will be made feasible, since Bytom is still a young platform. Dev competitions like this provide an excellent catalyst for growth, as it generates tons of ideas for the platform in a relatively short amount of time.
For information about the platform, check out BYTOM’s website. To learn more about the global developers’ competition, click here. The whitepaper is available for reading and download, for users interested in knowing more about the technical and abstract concepts about the project. For social media updates, make sure to follow BYTOM on Facebook and Twitter. For longer updates and blog posts, check out BYTOM’s Medium. To discuss BYTOM and crypto with the team and community members, BYTOM has a Reddit, Telegram channel, as well as a Discord server users can check out.