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Fannie Mae Blockchain Challenge
For this challenge, we invite you to develop a DApp, or decentralized application, using blockchain technology.
Since the publishing of the bitcoin whitepaper in October 2008, the idea of a decentralized, trustless, and immutable peer to peer network has become one of the greatest innovations in the technology space from the last decade. Satoshi Nakamoto’s vision of the bitcoin cryptocurrency has now extended even past his original intentions and we are now in the wake of Blockchain 2.0, the era of running applications and services on the blockchain. Companies have started expanding the domain in which the blockchain design is utilized, applying the concepts anywhere from land ownership to libraries. Ethereum is the most well-known platform that provides an environment to create DApps, or decentralized applications, via the feature of smart contracts. Smart contracts have brought the ability to execute code on the blockchain, thus introducing a new world of possibilities.
Today for our challenge, we are asking participants to develop an application using the blockchain concept. Your app can be anything, as long as it leverages the concept. It does not have to be related to Fannie Mae, but if it is it may receive a bonus point!
Potential uses of blockchain related to Fannie Mae:
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House Ownership
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Mortgages
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Trading platforms
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Securities (MBS or Mortgage Backed Securities)
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Derivatives
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Home Insurance
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Completeness of understanding of blockchain / description of the system
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Completeness of the solution
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Interesting application of the technology
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Visual presentation of the application
Interested in creating an Ethereum DApp? Check out this tutorial to get started.
Solidity – High level language used for developing Ethereum smart contracts
Remix Solidity - Browser based IDE for the development of Ethereum Solidity smart contracts
Truffle - Framework to build DApps for the Ethereum network
MetaMask – Browser extension to interact with Ethereum DApps
1st place: $125 Amazon Gift Card and Fannie Mae Swag Bag, per team member
2nd place: $50 Amazon Gift Card and Fannie Mae Swag Bag, per team member