Business A.M
No Result
View All Result
Wednesday, April 29, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Technology

Hedera Africa hackathon channels $1m into real-world Web3 solutions

by Onome Amuge
April 29, 2026
in Technology
Hedera Africa hackathon channels $1m into real-world Web3 solutions

A $1 million funding push from global blockchain players is accelerating the transition toward infrastructure-driven Web3 solutions designed to solve real-world challenges. 

The 2025 Hedera Africa hackathon, organised by The Hashgraph Association in partnership with Exponential Science, drew more than 13,000 developers and generated over 1,300 project submissions, making it the largest Web3 hackathon globally to date.

Beyond participation metrics, organisers say the event marks a turning point in how distributed ledger technologies are being deployed, moving toward scalable systems that address payments, energy verification and healthcare data integrity.

Winning projects showcased a growing focus on functional infrastructure rather than experimental concepts, with solutions designed to bridge fragmented systems across industries.

Top honours went to GreenAfrica, a Nigerian-built platform for environmental verification, while Egypt’s Carboni secured second place for its renewable energy certification infrastructure. Other leading entries included Effisend X Africa, an AI-powered payments routing system, and Silsilat Finance, a cross-border settlement platform targeting emerging markets.

Commenting on the recognition, the Carboni team said:
“We’re honored that the judges endorsed our vision for rebuilding renewable energy reporting and financing, and excited to turn this win into a real service on Hedera that supports the 1.5-degree goal.”

In a move aimed at sustaining momentum, The Hashgraph Association announced the creation of a new investment committee tasked with deploying multi-million-dollar funding into promising projects and strategic partnerships.

The initiative is expected to deepen the ecosystem’s footprint in emerging markets, particularly across Africa, by providing developers with access to capital, mentorship and enterprise pathways.

Kamal Youssefi, president of the association, said the hackathon underscored the scale of talent emerging from the continent.

“The Hedera Africa Hackathon reached historic heights, scaling the depths of talent and ambition across the continent and beyond with our online participants,” he said.

“Hedera has a longstanding commitment to enabling global innovation and powering real utility, proven by the applications built this year spanning finance, sustainability, AI and DePIN verticals. Through supportive partnerships and The Hashgraph Association’s new Investment Committee, we are committed to nurturing these developers long after the hackathon ends and really focusing on empowering the next generation of builders,” Youseffi added.

The initiative also served as a pipeline for talent development, onboarding more than 45,000 participants into training and certification programmes across over 20 African hubs.

According to Paolo Tasca, executive chairman of Exponential Science, the programme reflects a structured approach to translating emerging technologies into practical outcomes.

“Any strong, innovative, and responsible technical ecosystem begins with education. At Exponential Science, we have focused on building structured pathways that enable developers to translate emerging technologies into practical, real-world applications.

“Through this initiative, we have seen that approach materialise at scale, with participants advancing from learning to the development of meaningful infrastructure. We look forward to continuing this work and supporting the next generation of builders within the Hedera ecosystem,” he said.

The results reinforce Africa’s rising role as a testing ground for blockchain-based solutions addressing structural inefficiencies in payments, energy systems and public services.

With partners including Sygnum Bank, Orange Digital Centers and Nairobi Securities Exchange, the initiative highlights increasing institutional interest in leveraging distributed ledger technology for real economic use cases.

Organisers confirmed that the hackathon will return in 2026, with expectations that the next edition will further scale investment, deepen partnerships and accelerate the commercialisation of blockchain-driven solutions across the continent.

 

Onome Amuge

Onome Amuge serves as online editor of Business A.M, bringing over a decade of journalism experience as a content writer and business news reporter specialising in analytical and engaging reporting. You can reach him via Facebook ,X and  LinkedIn

Previous Post

GTCO shareholders endorse historic N12.76 dividend

Next Post

Dangote Refinery raises petrol price by N7 to N1,275 on higher feedstock costs

Next Post
Petrol price jumps again as Dangote announces N70 increase

Dangote Refinery raises petrol price by N7 to N1,275 on higher feedstock costs

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Gold extends record rally as weak US jobs data boosts rate-cut bets

Gold rally lifts demand value to record $193bn as investors outpace jewellery buyers

April 29, 2026
Petrol price jumps again as Dangote announces N70 increase

Dangote Refinery raises petrol price by N7 to N1,275 on higher feedstock costs

April 29, 2026
Hedera Africa hackathon channels $1m into real-world Web3 solutions

Hedera Africa hackathon channels $1m into real-world Web3 solutions

April 29, 2026
GTCO leans on regional growth as Nigeria profit declines

GTCO shareholders endorse historic N12.76 dividend

April 28, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Gold extends record rally as weak US jobs data boosts rate-cut bets

Gold rally lifts demand value to record $193bn as investors outpace jewellery buyers

April 29, 2026
Petrol price jumps again as Dangote announces N70 increase

Dangote Refinery raises petrol price by N7 to N1,275 on higher feedstock costs

April 29, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M