Labs Relay Bounty: Open Finance

zherring commented 5 years ago

Bounty Prizes

1st Place - 20 ETH 2nd Place - 10 ETH 3rd Place* - 5 ETH

Note - 3rd place is conditionally awarded, determined by # of entries and quality of projects.

Open Finance

The rules of our economy were written for a different century. Individuals have gained access to move money easily within their own country, due to federal laws and national banks. Additionally, communities are becoming more global and inter-continental transactions continue to increase.

And yet, individuals are significantly penalized for the cost of transacting globally. Consumers will pay $30 billion in fees just this year to process transactions, which will be pocketed by intermediaries like banks and governments. The unbanked are unable to conduct transactions due to a lack of credit score, and countries with high inflation currencies will be trapped utilizing a worthless asset.

Crucially, blockchain technology is uniquely positioned to create a more open, more equitable, and more effective banking and financial infrastructure as people, goods, and currency move throughout the world. We are looking for entrepreneurs and builders to design these new protocols and financial instruments for global financial activity. We leave it to you to design the new conditions for global financial activity, and offer the following provocations as a place to get started:

How might we design custom financial solutions for individuals transacting in a global market?
- Examples: Only charging transaction fees for transfers between people that don’t know each other on the platform and a higher burden of proof for platform “Friendship,” creating a complete picture of someone’s financial history that considers all transactions including paid and requested transactions, allowing transactions for unbanked or populations without government-issued identities.
- How might we reinvent the definition and evaluation of financial risk?
  - Examples: Gamifying assessment of risk tolerance, humanizing the process of smaller sized financial risks under a certain dollar threshold, leveraging a combo of local experiences and ever-present technology to make educated bets around financial risk.

Submitting Open Finance Bounties - Details and Instructions

Review the Submission

Review the submission instructions on the readme.md on the Road to DevCon Relay repo.

Submission Deadline

All bounty submissions must be received no later than 11:59 PM EDT on October 4th, 2019 to be considered.

Judging Date

Projects will be assessed from October 5th to October 10th, 2019, and winners will be announced by GitCoin and Labs.

gitcoinbot commented 4 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

This issue now has a funding of 20.0 ETH (4385.73 USD @ $219.29/ETH) attached to it.

If you would like to work on this issue you can 'start work' on the Gitcoin Issue Details page.
- Want to chip in? Add your own contribution here.
- Questions? Checkout Gitcoin Help or the Gitcoin Slack
- $160,869.19 more funded OSS Work available on the Gitcoin Issue Explorer

gitcoinbot commented 4 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

Work has been started.

These users each claimed they can complete the work by 2 years, 5 months ago. Please review their action plans below:

1) prorokeskobar1 has started work.

Ooooooooooooooooooolgjfjtkaaaaaaaaa 2) brianspha has started work.

I will update the team as my team makes progress 3) brianspha has started work.

I will update the team as my team makes progress 4) abhimanyu121 has started work.

I will keep the team updated as i make progress 5) cspannos has started work.

I will soon open a GitHub repository outlining my project title, mission, and vision in the README.MD file. I will also highlight the core component that will define this proof of concept, the problems that my users face and solution that my open finance dApp provides. 6) viraja1 has started work.

I will work on app which allows you to send or receive eth using email 7) solexplorer has started work.

I am building a way to tackle credit scores problems. More to come with the submission!

Learn more on the Gitcoin Issue Details page.

connoroday commented 4 years ago

Hey @prorokeskobar1 it looks like you provided your Discord username but have yet to join our Discord. Could you please do so at this link when convenient? https://discord.gg/j5Qh94X We'll be doing the team formation on there and it will be the easiest way for you to get in touch with sponsors with questions. Thanks!

0xadri commented 4 years ago

Slightly off-topic question: is there any other Open Finance bounties or grants funded by Consensys?

gitcoinbot commented 4 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

Work for 20.0 ETH (3475.35 USD @ $173.77/ETH) has been submitted by:

@zherring please take a look at the submitted work:

PR by @Solexplorer
PR by @Brianspha
PR by @Abhimanyu121
PR by @viraja1

Learn more on the Gitcoin Issue Details page
Want to chip in? Add your own contribution here.
Questions? Checkout Gitcoin Help or the Gitcoin Slack
$150,704.74 more funded OSS Work available on the Gitcoin Issue Explorer

gitcoinbot commented 4 years ago

⚡️ A tip worth 6.68000 ETH (1227.68 USD @ $183.78/ETH) has been granted to @brianspha for this issue from @zherring. ⚡️

Nice work @brianspha! Your tip has automatically been deposited in the ETH address we have on file.

$143307.06 in Funded OSS Work Available at: https://gitcoin.co/explorer
Incentivize contributions to your repo: Send a Tip or Fund a PR
No Email? Get help on the Gitcoin Slack

gitcoinbot commented 4 years ago

⚡️ A tip worth 6.66000 ETH (1224.0 USD @ $183.78/ETH) has been granted to @papealioune for this issue from @zherring. ⚡️

Nice work @papealioune! Your tip has automatically been deposited in the ETH address we have on file.

$143307.06 in Funded OSS Work Available at: https://gitcoin.co/explorer
Incentivize contributions to your repo: Send a Tip or Fund a PR
No Email? Get help on the Gitcoin Slack

gitcoinbot commented 4 years ago

⚡️ A tip worth 6.66000 ETH (1224.0 USD @ $183.78/ETH) has been granted to @owans for this issue from @zherring. ⚡️

Nice work @owans! Your tip has automatically been deposited in the ETH address we have on file.

$143307.06 in Funded OSS Work Available at: https://gitcoin.co/explorer
Incentivize contributions to your repo: Send a Tip or Fund a PR
No Email? Get help on the Gitcoin Slack

gitcoinbot commented 4 years ago

⚡️ A tip worth 5.00000 ETH (918.92 USD @ $183.78/ETH) has been granted to @abhimanyu121 for this issue from @zherring. ⚡️

Nice work @abhimanyu121! Your tip has automatically been deposited in the ETH address we have on file.

$143307.06 in Funded OSS Work Available at: https://gitcoin.co/explorer
Incentivize contributions to your repo: Send a Tip or Fund a PR
No Email? Get help on the Gitcoin Slack

gitcoinbot commented 4 years ago

⚡️ A tip worth 5.00000 ETH (918.92 USD @ $183.78/ETH) has been granted to @thesachinmittal for this issue from @zherring. ⚡️

Nice work @thesachinmittal! Your tip has automatically been deposited in the ETH address we have on file.

$143307.06 in Funded OSS Work Available at: https://gitcoin.co/explorer
Incentivize contributions to your repo: Send a Tip or Fund a PR
No Email? Get help on the Gitcoin Slack

gitcoinbot commented 4 years ago

Issue Status: 1. Open 2. Started 3. Submitted 4. Done

This Bounty has been completed.

Additional Tips for this Bounty:

zherring tipped 5.0000 ETH worth 900.04 USD to thesachinmittal.
zherring tipped 5.0000 ETH worth 900.04 USD to abhimanyu121.
zherring tipped 6.6600 ETH worth 1198.85 USD to owans.
zherring tipped 6.6600 ETH worth 1198.85 USD to papealioune.
zherring tipped 6.6800 ETH worth 1202.45 USD to brianspha.

Learn more on the Gitcoin Issue Details page
Questions? Checkout Gitcoin Help or the Gitcoin Slack
$139,622.37 more funded OSS Work available on the Gitcoin Issue Explorer

Consensys / Road-To-Devcon-Relay