The post Panasonic, IBM Partner with Constellation Network to Debut its DoD-vetted ‘Blockchain of Blockchains’ in Global Hackathon appeared on BitcoinEthereumNews.com.

[PRESS RELEASE – San Francisco, USA/California, July 15th, 2024] The doors are now open for Web3 and Web2 developers to build on Constellation Network’s long-awaited Hypergraph distributed ledger technology – in development for the past several years under various contracts with the US Department of Defense. Constellation’s Global Metagraph Hackathon is a fully virtual event, free to enter, running from July 15th until September 9th, 2024. A total of $100,000 USD equivalent in $DAG (Constellation Network’s cryptocurrency) will be distributed to winners across several categories encompassing metagraph development and on-chain tooling, with the biggest single prize of $25,000 going to the most successful Metagraph. With its Hackathon, Constellation officially unveils its “metagraph” application layer technology that runs on top of its Hypergraph global consensus layer to a worldwide audience. A metagraph can be any type of Layer 1 decentralized application (dApp) network or legacy Web2 network with its own internal business logic. Other blockchains can even be metagraphs on top of Constellation’s Hypergraph. “Constellation’s Hypergraph is the blockchain of blockchains,” says Ben Jorgensen, CEO of Constellation Network. “The best way forward with Web3 and blockchain technology for all of us is interoperability and collaboration across chains and communities. There are many of us separately building these networks that can support things like decentralized AI, tokenized assets, IoT edge computing, decentralized finance and many other Web3 creations that seem to be popping up everywhere.” “But the Hypergraph?” Ben continues, “This technology can link them all together, make everything interoperable, give them an underlying infrastructure that can secure their networks and validate their data flows.” Panasonic and IBM have partnered with Constellation, along with SIMBA Chain, the C14 cryptocurrency on-ramping service, the Stardust Collective, and the National DigiFoundry, led by members from the US National Science Foundation, the US Space Force, and…

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Filed under: News - @ July 16, 2024 12:22 am