Binance Launches Build For Bharat

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Binance Launches 'Build For Bharat' To Accelerate India's Blockchain Ecosystem

Binance, a global crypto exchange recently announced the launch of the hackathon, "Build for Bharat" in India. This hackathon will focus on Defi together with the accelerator program. Back in March 2020, the exchange collaborated with WazirX with the aim of improving the blockchain ecosystem in India.

Build For Bharat is India's first Defi focused Hackathon

Binance has announced that Build for Bharat will be India's first Defi-focused Hackathon. With the help of this hackathon, the company aims to bridge the gap that exists between blockchain and mass adoption in the country. Through a blog post on August 24, the exchange has announced every special detail about the hackathon.

Binance will select around 100 teams for the Build for Bharat event and will receive application forms until September 11, 2020, for the same. It was revealed that together with Defi, Binance will accept other projects as well such as trading platforms, digital asset wallets, and many others.

Binance expects great participation

The current Defi ecosystem in India is relatively small compared to other Defi markets. However, Binance expects that due to the good exposure of the Build for Bharat event, there will be a large amount of participation. Google Cloud, Marlin Protocol, Ankr Cloud Infrastructure, Band Protocol are sponsoring this hackathon. This acceleration program is sponsored by the Polaris Accelerator program. Due to all these partners, the company is targeting large participation in India.

An invitation from Binance reads, "Build for Bharat invites creators, innovators, and builders from all over India to come and showcase their talents by building unique and creative products using digital assets and blockchain technology." It was also stated that companies are not looking for big companies as this event is focused on startups and individuals.