Block.one has recently published an interview-based article on TAIKAI, one of the recipients of the EOS VC Grants Program. TAIKAI is a platform that facilitates for open innovation in order to create solutions to some of the challenges faced by different kinds of businesses and organizations. The platform serves as an open social network that connects these global businesses with a global network of developers that are capable of innovating solutions.
The term TAKAI means ‘coopetition’ in Japanese. In other words, it means collaboration between business competitors, in the hope of mutually beneficial results. Our world is in an ever evolving state of globalization, and because of technology, business competitors today are engaged in mass collaborative efforts to try advance their operations in a way that is both timely and cost-effective.
It is this kind of global collaboration that’s accelerating the pace at which society creates innovative solutions, further highlighting the efficiency of open-source projects. Additionally, TAIKAI introduces an incentivization model by tokenizing and gamifying open-source work on their platform, through blockchain technology.
When I started TAIKAI along with my co-founder Helder, we both saw the value in using tokenization as a way to provide a transparent and auditable selection process for use in hackathons and other innovation challenges. We also saw blockchain as a way to bring a new gamification layer into the platform, so it was a part of our plan from the early iterations.Mário Alves (Founder & CEO of TAIKAI)
Since launching in March 2019, to help organizations run innovation challenges and hackathons, TAIKAI has hosted 17 innovation challenges from 12 organizations, with over 4000 developers participating. This has resulted in nearly 500 open-source projects to be built through the TAIKAI platform in a fully open and transparent process that improves the quality and diversity of solutions.
The founder and CEO claims that he is an eternal optimist and that the importance of scaling “is about always trying to bring value to one more person or company”, which inevitably leads to exponential growth. As such, they’ve been partnering with companies around the globe, as well as investors, to soon deliver their first international challenges. Aligning with their ethos of scaling which they’ve had since day one.
We wanted a blockchain platform that could provide us a scalable, easy to use, cost-efficient and trustworthy solution and that choice was obvious: EOSIO. For us, it was important that the regular user wouldn’t notice any difference between using our platform and a non-blockchain platform.Mário Alves (Founder & CEO of TAIKAI)
Looking into the future, TAIKAI wants to create an environment where highly specialized individuals can exercise their knowledge on challenge-based opportunities from different industries. Essentially, TAIKAI wants people to perceive them “as the Github of open innovation, where an individual is able to work with NASA one day and Google the next.”
You can read a more detailed post on TAIKAI from their interview with Block.one, titled – TAIKAI Wants To Become “The GitHub Of Open Innovation”.
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