Blockget Puts End to Paper Documents with Blockchain

June 14, 2019

 

London, UK, 14 June 2019 – Team Blockget was named the winner of DECENT’s challenge at the HackXLR8 hackathon event which took place 12–13 June in London, United Kingdom. The team secured second place overall and won DECENT’s blockchain challenge by delivering a project that would ensure dematerialisation and elimination of paper documents and storage on blockchain using IPFS via DECENT’s DCore platform.

DECENT & runner-up team, Blockget

The hackathon, carrying the name HackXLR8 2019, was part of London Tech Week which was opened by the Prime Minister, Theresa May, on Monday 10 June. Contestants had the option to choose from three leading technological spheres: AI, IoT (Internet of Things), and blockchain.

Project Blockget’s solution exhibited an easy way to scan documents and avoid purposeless paper concentration. Thanks to DECENT DCore’s native integration of IPFS (a P2P file storage network) and NFTs (non-fungible tokens), the team conditioned the realisation of the idea by using three simple steps: scanning a file via a template inside the Blockget mobile app, permanently storing the file through IPFS, and assigning a unique ID via DCore.

During the team’s final pitch, which involved a real-time demo, developers Hellema Ibrahim, George McKinney, and designer Trevor Oakley explained the critical impetus that led to the conception of their project, stating that “seven million shareholders utilised physical paper documents throughout the whole year 2012”. Through the process of “dematerialisation”, supported by the EU itself, the project’s principle is to convert information on an analogue medium to digital formats and store them securely on the DCore blockchain.

Blockget’s earned reward was a cash prize of and project incubation as part of DECENT’s recent launch of DCube—a service focused on supporting and guiding promising blockchain projects from the technical, financial, and business perspectives.

DECENT’s Head of Innovations, Michal Geci, presenting the company’s successful projects.

From the overall prize pool, the main award of the hackathon went to Bloxis—a blockchain-based platform allowing users to view and interact with their dApps via interactive dashboards. The team claimed this would “avoid the frustration of trying to access each dApp through a ‘special’ mobile browser individually”. The unified platform would, therefore, enable users to log in to full dApp experiences served via browsers, with no additional plugins required.

With Blockget winning DECENT’s DCube incubation prize, the company plans to perpetually support the team and help to successfully realise Blockget’s project in the future.