The Winning Projects from ETHParis Hackathon

Chainlink participated in the ETHParis Hackathon, rewarding innovative uses of its technology on the Ethereum blockchain, with two standout projects receiving accolades. Initially set to award a single $1,000 prize, the judges were impressed by the submissions and decided to add a $500 prize for the second-place team, SmartKek from Russia. SmartKek's Cleanedapp Dapp allows users to post write-ups about tokens only after burning a portion of them, using Chainlink oracles to verify project authenticity and prevent spam. The first-place prize of $1,000 went to Nanti, a French team whose Dapp enables companies to use corporate bonds as collateral for instant payment channels, leveraging Chainlink oracles to integrate off-chain LIBOR rates into smart contracts. Both projects exemplify how Chainlink facilitates the interaction between on-chain smart contracts and off-chain data, bridging traditional financial systems and blockchain technology.

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