Niall Roche and Walter Hernandez-Cruz, two of our leading legal engineering experts, placed third in the 'Open Innovation' category at Devpost's CoVIDathon, winning a share of the $40,000 $OCEAN prize pot.
CoVIDathon called for privacy-centric solutions in response to COVID-19, using blockchain, artificial intelligence and machine learning technologies. The hackathon was organised by the Decentralized AI Alliance under the leadership of SingularityNET and Ocean Protocol, and involved 1,187 participants from organisations around the world.
Niall and Walter's solution built on our previous submission to the Financial Times Global Legal Hackathon, and involved the aggregation of COVID-19 data sources (such as GOV.UK published figures or WHO guidance) that were then published onto a shared ledger. This data could then inform the execution and performance of smart legal contracts, providing legal certainty in uncertain times.
The submission included a sample pandemic insurance policy that draws upon the oracle data, developed as part of the Accord Project and implemented using Hyperledger Fabric and Ocean Protocol.
Congratulations to Niall, Walter, and all other CoVIDathon participants.
Further details of the submission can be found here.