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Home Cryptocurrency

EOS Latest Application To Proffer Monetary Value For Open-Source Projects

by Oliver Green
October 3, 2019
in Cryptocurrency
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EOS (EOS) – In the software development world today, the role played by the idea open-source in permitting developers to build and advance on codes for the profit of all has been a very appealing one.

While these developers have been championing a major course in the tech industry, the winning project at the recent EOS Hackathon event, NouGit, made incentivizing open source developers a major goal.

Last month, Block.one’s EOS staged its global Hackathon event in San Francisco and the winning team built an EOSIO application that “aligns interests among stakeholders and / or drives more value back to users,” NouGit.

The application is flagged as one that brings decentralization and incentivization to developers. For this, it bagged off $100,000 winning prize after outshining 74 other apps. NouGit is regarded as a system that brings tracking and co-ordinating reform to source-code in files and software.

Rob Behnke, a member of the winning team, in a statement said:

“Open-source developers have been the backbone of the tech industry for the last 30 years and NouGit is going to provide a way for open-source projects to create monetary value for themselves and not Microsoft and IBM.”

He referenced the two giant companies because the duo recently acquired two of the world’s largest open-source development platforms separately. Microsoft got GitHub for $7.5 billion and Red Hat was purchased by IBM in a deal worth $34 billion.

Behnke thought the centralized model hinders collaboration potential, whereas “decentralization enables the platform to flourish and progress the open-source philosophy.”

The serial entrepreneur who will be at the hackathon’s Grand Finale event in South Africa next month to compete, Behnke, added that while the existing model faces lot of hurdles, the NouGit ecosystem helps to slash hiring friction as project managers are granted the ability to observe what a developer can offer before paying for their contributions.

“We’ve had nothing but support and constructive feedback throughout to ensure we build this on the right trajectory. And the hackathon mentors were the icing on the cake to help us push through and get across the finish line,” Behnke ended his statement.[ajax_load_more]

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