Applications have started for the "Akbank ReFi Hackthon", which is organized every year by Akbank LAB and will address the theme of Regenerative Finance this year.

13 August 2022

Applications have started for the 'Akbank ReFi Hackthon', which is organized every year by Akbank LAB and will address the theme of Regenerative Finance this year.

According to the Akbank statement, Akbank LAB, which has taken an active role in bringing innovative ideas to both the institution and the entrepreneurship ecosystem since its establishment in 2016, adds a new one to the hackathons it organizes every year. Focusing on digital retail banking needs with Code: Monetary Issues, savings habits with Code: Banking of Tomorrow, digitalization of SMEs with Code: KOBI Online, and Sustainable Finance for the Future and sustainable financial systems, this year the hackathon has further deepened its focus with “Regenerative Finance”.

With the 'Akbank ReFi Hackathon', it is aimed to find solutions to global problems that affect life such as climate change, environmental pollution and carbon emissions, using Web3 technologies. The Avalanche platform will be used as the Web3 technologies infrastructure.

The 'Akbank ReFi Hackathon', which will start the repair process of man and the world, will be the first hackathon to be organized by a bank on the blockchain network in Turkey in cooperation with the Avalanche network.

With this partnership, all software developers, designers and developers are invited to create innovative solutions in regenerative finance to the first layer blockchain network, which functions as a platform for decentralized applications and private blockchain networks.

At the Akbank ReFi Hackathon, which will be physically held at Sabancı Center on September 30 - October 2, participants will develop their ideas from scratch on the Avalanche platform within 48 hours.

In the final to be held on October 2, the 3 most successful teams will receive awards of 100 thousand TL, 60 thousand TL and 40 thousand TL, respectively, as a result of the jury evaluation.

Burcu Civelek Yüce, Deputy General Manager of Akbank Retail Banking and Digital Solutions, whose views were given in the statement, stated that they invited all software developers, designers and developers to build financial systems that will repair people and nature together at the 'Akbank ReFi Hackathon' organized with Avalanche technology, and said, "We follow technological developments closely. Akbank continues to build the banking understanding of the future together with volunteers who are interested in the blockchain ecosystem. We believe in the creative power of Hackathon. The 'Akbank ReFi Hackathon' is open to all innovative ideas that will design a new economy that contributes to the restoration process of people and the world through the impact ecosystem through Web3 transformation.' used the phrases.

Ava Labs' Turkey manager, Selim Kender, stated that the developments and applications to be made on the blockchain are of great importance for a sustainable common future. Avalanche technology stands out as the strongest platform with its environment-friendly architecture. Together with Akbank, we are excited to support the Web3 ecosystem in Turkey in regenerative finance.” made his comment.

According to the information given, the participants will step into the regenerative finance world with the 'Akbank ReFi Hackathon', which is also a part of the ReFi Turkey event organized by Akbank LAB and the social innovation platform imece.