The Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg has hosted the first LuxBlockHackathon on May 8 and 9. Over 36 hours, teams worked on a challenge to create a KYC-compliant P2P asset exchange using blockchain-based technology.
Organised by Melufina, a blockchain think-tank established by SnT computer security specialist Radu State, Ripple Luxembourg managing director Evan Schwartz and Frank Roessig, head of the Digital Finance Solutions department at Telindus, the LuxBlockHackathon involved 50 blockchain coders from Luxembourg, San Francisco, Kiev, London, Paris, Lisbon, Rotterdam and Cologne using the Stellar, Hyperledger, Ethereum and Monero blockchain platforms.
A jury consisting of Gerard Hoffmann (Telindus), Marco Houwen (InfraChain), David Mazières (Stanford University), Melinda Roylett (PayPal), along with State and Schwartz, selected two winning teams, DLTeam from Distributed Lab in Kiev and CryptoLux, that were judged to have developed original and realistic solutions. They share a prize of 1.5 million Stellar lumen currency units donated by the Stellar Foundation in San Francisco.
The event, which was backed by the SnT, Telindus, Stellar, Infrachain and Digital Lëtzebuerg, also included various blockchain demos featuring payments, claims and wallets, enabling attendees to take part in carrying out live blockchain transactions and to claim Stellar lumens. In addition, Mazières, who is a professor of computer science at Stanford and creator of the Stellar Consensus Protocol, delivered a lecture entitled ‘From Dollars to Quorum Slices: Internet-level Consensus in Stellar’.
