One of IOTA (MIOTA)-dependent decentralized app has won the week five of the CODEVID19 Hackathon hosted to celebrate platforms encouraging in waging war on the pandemic COVID-19.
The application, widely known as “Open Marketplace,” offers a censor-free marketplace purposely to bring local traders and businesses together in a single place.
During the 5th week of the CODEVID19 Hackathon with wide participation from different startups across the globe, Open Marketplace was named the best app.
The hackathon was fashioned to promote the introduction of decentralized apps in mitigating the spread of COVID-19.
The Open Marketplace was selected for offering an eBay like service to people in the same localities, making trading achievable during the lockdown period. The decentralized app makes use of IOTA’s unmatched technology to achieve the said innovation.
The Open Marketplace was launched to reduce the high fees charged by the likes of Amazon and eBay. The app solves this problem by bringing sellers and buyers together on a free and decentralized app that survives on IOTA tangle.
“Open Marketplace brings sellers, buyers, and delivery providers together on a platform controlled by a city not a single company,” the team said in a report.
The project is funded through open grants and donations, funding models employed by Wikipedia, Linux, and Mozilla. Open Marketplace abolishes the constraints of middlemen and comes with privacy protection.
We're happy to announce that we won the weekly challenge within the #CODEVID19 hackathon: https://t.co/IzTMRDRNNm Thanks to the whole CODEVID-19 #hackathon team for the appreciation! pic.twitter.com/jJYRCwQN4h
— OpenMarketplace.org (@marketplace_org) April 24, 2020