Software Design Contest for Global FX Marketplace Using the Distributed Ledger Technology Pioneered by Bitcoin

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Lykke is launching a contest for the best software design of a global FX marketplace using the blockchain. The Competition will take place from October 8, 2015 to December 14, 2015.
  Lykke is a movement that aims to build a global marketplace, where all assets and instruments can be traded. The marketplace uses the distributed ledger technology pioneered by Bitcoin and offers immediate settlement and delivery. The Lykke goal is to provide everyone around the globe direct access to the marketplace. The Lykke founders are technology experts with deep experience of the internal mechanics of the global financial market system. Their goal is to build an efficient FX marketplace that seamlessly integrates with the existing banking system. Richard Olsen, one of the founders, is academic and entrepreneur. He is a pioneer of new technology in finance and co-founded OANDA. In 2001 OANDA revolutionized the FX market by launching a trading platform without discrimination for small traders and second-by-second interest payments. The competition will run in three stages with 21 prizes in total: 16 prizes of 500’000 Lykke coins or 2000 USD for winners of the first stage; 4 prizes of 1’000’000 Lykke coins or 4000 USD for winners of the second stage; in the final stage, there is a prize of 2’000’000 Lykke coins or 8000 USD that goes to the winner of the competition. The winner will receive a total of 3’500’000 Lykke coins or 14000 USD for winning all three stages. The winner will lead the software implementation of the marketplace. Recipients of the prizes can choose, if they prefer Lykke coins or cash. The invite to the competition is available at www.lykkex.com and the details of the competition are posted at wiki.lykkex.com.
Richard Kastelein

About Richard Kastelein

Founder, Publisher and Editor in Chief of Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC, Richard Kastelein is also an advisor with a number Blockchain startups doing ICOs including DECENT.ch, Inchain, Humaniq, Chronobank, eGaas and others.

He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List. As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain technology and crypto-currency and, consequently, has built a notable network inthe scene.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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