Congratulations to PropCoin, the Blockchain-based property investment platform, who recently won the top prize at the Merdeka Hackathon 2018. Out of the 14 higher learning institutions, the top RM5,000 prize went to University of Southampton Malaysia PhD and undergraduate students, respectively: Ivan Ling Ting Yang, Chia Tze Hank, Delveer Singh, Do Wen Rei and Khee Ri Han.
One of the students, Wen Rei, explains:
‘‘Our team focused on coming up with a working prototype, as well as refining our business idea. The idea was to deal with unsold high-end properties by reimagining property investment, making it affordable, transparent and hassle-free.’’
Making property investment similar to an online shopping experience was not an easy feat. The team spent hours developing the system using NEM’s Mosaic and Namespace technology to create a Blockchain-based Smart Asset system.
For Khee, being the newcomer in the team, the experience taught him a valuable lesson:
‘’There is a benefit in joining an experienced team, as they will guide you through the process. I think teamwork is very important in a hackathon as it makes collaboration easy, which in the end makes the whole experience more meaningful and enjoyable.’’
This is the second time this group has won a hackathon event. In July, the team won the Most Impactful Project Award at the BlockchainSpirit Hackathon in Singapore.
