Recently, talented blockchain developers from around the world competed during the Encode London Conference and Hackathon to build groundbreaking dapps using Flare’s enshrined oracles: the Flare Data Connector (FDC) and the Flare Time Series Oracle (FTSO).
Seeking to foster innovation that leverages Flare’s enshrined data protocols, the Flare team offered up a total of $20,000 in bounties and prizes across two tracks. Most Innovative Application using Flare’s Data Connector saw participants building data-driven dapps using the FDC to query and integrate real-time information from connected blockchains and Web2 APIs. The 1st place winner was awarded $7,000 in FLR, with 2nd place winning $3,000 in FLR.
Best DApp utilizing Flare’s enshrined Data Protocols, the other track, required participants to build a dapp that uses the FDC, the FTSO, or both. The 1st place prize was $5,000 in FLR, with another $3,000 allocated for 2nd place, and $500 (each) for four 3rd place winners.
Projects that best showcased Flare’s unique infrastructure
The Flare team was thrilled to see innovative projects built by the hackathon participants. “The range of submissions showcases the capabilities of Flare’s enshrined oracles,” says Flare’s head of dev-rel Filip Koprivec, who represented Flare as one of the judges. “We really liked how the projects were able to use Flare to connect different existing technologies into one nicely rounded product. While the projects were impressive, the range of dapps that can be built on Flare goes even further, and we’re excited to see the ecosystem grow as more builders are onboarded to the ecosystem.”
Although it was difficult to choose, the prizes ultimately went to the projects that we felt most exemplified the capabilities of the FDC and FTSO.
Track 1: Most Innovative Application using Flare’s Data Connector
1st place – Sepia – $7,000
Sepia is a secure framework designed to handle user data encryption, and processing using Fully Homomorphic Encryption (FHE) integrated with the Flare Network’s Data Connector for validation.
2nd place – WeatherShield DeFi – $3,000
WeatherShield offers a blockchain-based parametric insurance platform on Ethereum, aimed at helping farmers mitigate weather risks like droughts and excess rainfall. It automates payouts using smart contracts and real-time data from Blocksense oracles, ensuring quick, transparent, and secure transactions.
Track 2: Best DApp utilizing Flare’s enshrined Data Protocols
1st place – Prace to the Top – $5,000
Prace to the Top utilized the Flare FTSO to make Live Coin prices into horses that are bettable on; based on percentage increase between polling periods.
2nd place – GuardFi – $3,000
GuardFi is a decentralized insurance platform that provides risk assessment and coverage for smart contracts. GuardFi Uses Flare’s Data Connector to verify exploit events across blockchains, ensuring accurate and decentralized claims processing.
Honorable mentions include FlareX, DiceRoller, TicketChain, and News Sentiment Oracle, each earning $500 for their creative usage of Flare’s enshrined oracles.
Congratulations on your win! Our participation in the Encode London event demonstrates Flare’s continued commitment to fostering and strengthening the Flare developer community. The enthusiasm and creativity demonstrated at the hackathon was inspiring, and we hope you’ll continue to build with Flare.
Start building: https://dev.flare.network/