Prizes

Interested in sponsoring? Please email chami.akmeemana@gmail.com for more details.

First Place

Available based on corporate sponsorship available

Second Place

Sponsored by

BitTrade

Third Place

Available based on corporate sponsorship available

#RegHackTO

Learnings from the Ontario Securities Commission Regulatory Hackathon

View White Paper

Problem Statement


Do you have an interest in helping solve regulatory issues in the Financial Services and the Energy Sector in Australia?


How do we use RegTech to make regulatory compliance a strategic advantage that's a win for the regulator, market participants and the consumer?


    Financial Services

    Today, many governments and regulators struggle to keep up with the fast pace of technological innovation. Maintaining and creating appropriate regulations is almost impossible. One glance at the gig economy such as Uber and AirBnB and it is clear that governments are unable to catch up with their disruptive implications until long after the new service is established. How government and regulators function needs to change in order to be aligned with and responsive to new technologies and businesses when they present themselves.

    On the other hand, current compliance systems are rife with manual, repetitive and tedious tasks. The government has recognised that some of these processes are a result of laws which provide that a certain technology, or paper, be used. Other inefficiencies are simply a result of a failure by lawyers and compliance professionals to innovate

    At the intersection of regulation and technology lies a phenomenon that has been accelerating the pace of change and is reshaping the fintech industry’s status quo - it’s called RegTech.

    As the RegTech landscape evolves, organizations are asking the questions to better understand how to leverage RegTech to be more effective, efficient and competitive in the marketplace. Some of these questions are:

    Examples Include
  • Is there a problem that can be solved with a RegTech solution?
  • What does the current global RegTech ecosystem look like? Is there a solution out there already?
  • How can RegTech transform core regulatory processes?
  • What are the next steps as we explore and embrace RegTech?
  • What does a digital ID look like?
  • How does KYC look like in modern regulation?


  • Energy Sector

    The energy model is undergoing a revolution as the old centralized, command and control model is challenged by distributed energy resources, the sharing economy and consumer desire for control. New technology provides the potential for individual customers to buy and sell local energy resources. This model places energy consumption (and possibly generation) in the hands of the individual consumer instead of the incumbent providers.

    At the other end of the spectrum, we are unable to adequately meet our current energy needs. As the demand for energy increases over time, we need to ensure that this is met whilst reducing carbon emissions.

    Blockchain technology may be leveraged to increase competition in the energy sector and create a new energy model. To do this we need to work through a few questions such as the following.

    Examples Include
  • What are the opportunities for blockchain in the energy sector?
  • How will improvements to storage of energy and battery technology change customers' behavior and create opportunities?
  • What does a peer-to-peer energy transaction look like?
  • How might a vertically dis-aggregated industry operate in an inherrently centralised environment?
  • What barriers exist to peer-to-peer energy transactions?
Learn More




Rules

1. Eligible participants should form teams of 2 to 6 people. Each team must have a developer and designer as well as other members such as strategy consultants, SME representatives etc. Participants must be over 18 years of on May 12 th 2017 being the date of the Hackathon. Participants must register their interest by emailing chami.akmeemana@gmail.com by noon on May 5th 2017.

2. You are required to start your project from scratch after the commencement of the Hackathon and work on it using the facilities and expertise available at the event. All team members should be present in person. Teams can use an idea they had before the event provided they do not re-use code.

3. Any designs created, code written, products built, presentations, marketing material etc., created during the hackathon will belong to creators of the codes/designs/content. We are here to help entrepreneurs realize their dreams, not destroy them. Teams can of course gain advice and support from organizers, volunteers, sponsors, and others.

4. There will be no alcohol served or allowed at the event.

5. Be kind to others. Do not insult or put down other attendees. Behave professionally. Remember that any form of discrimination or harassment and any racist, sexist, exclusionary or otherwise discriminatory jokes are unacceptable. This includes any offensive verbal comments related to gender, sexual orientation, disability, physical appearance, body size, race, religion, sexual images in public spaces, bullying, deliberate intimidation, stalking, following, harassing photography or recording, sustained disruption of talks or other events, inappropriate physical contact, and unwelcome sexual attention.

6. Winners will be judged based on the criteria set out under the heading ‘Judging Criteria’.

Attendees violating these rules, particularly rule 5, may be asked to leave the Hackathon at the sole discretion of the Hackathon organizers. Thank you for helping make this a welcoming, friendly event for all.

Hack, meet new people, get creative, and have a good time. Getting something meaningful done within such a short amount of time can be stressful, but we'd like to encourage everyone to take a break every now and then to relax and enjoy the event.

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Judging Criteria

Judging will be based on the following criteria, with equal weight assigned to each:

Innovation / Ambition

Was the idea unique, or a different take on an existing/similar app? What was added to the app that made it special or more useful? Was the idea behind the app ambitious? Creative? How well did the app execute upon the theme/category chosen?

User Interface / User Experience

Does the UI of the app look professional/fun, or is it sloppy? Is the app easy to use? Does the workflow of the app make sense, is it intuitive?

Overall Quality

Does the app work completely from start to finish? How many and how severe were any bugs encountered? Was anything in the app that wasn’t fully implemented, like a useless button that was supposed to do something? Did the team scope their app’s features well given the time frame of the Hackathon?

Quality of Pitch / App Impact

Does the app seem like something people would want to buy and use outside of the Hackathon? Was the team able to explain their idea and what the app actually did?

Usefulness / Practicality

How will it help modernize regulatory systems?

Learn More

Judges

Anthony Seipolt

Advisor, Australian Energy Regulator
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Dr. Liming Zhu

Research Director, Data61
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Mark Pesce

inventor, writer, entrepreneur, educator and broadcaster
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Chami Akmeemana

Director at Consensys
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Georgia Beattie

CEO at Startup Victoria
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FAQ

Judging will be based on the following criteria, with equal weight assigned to each:

Who should participate?

Anyone that has an interest in regulatory solutions in the energy and financial services sector.

Any companies or start ups that want to represent the organization with a team or friends from different organizations that want to come together as a team.

Can I bring a team?

Yes, though we have a limit of six members per team. You can bring your friends or you can team up with other hackers on site. However you choose to do it, be ready to hack!

Do we own your code?

No, all code is yours. We are here to enable innovation not kill it.

What is the goal of the hackathon?

To bring together the regulators, incumbents, start ups and anyone with an idea to help solve regulator issues. We want to create an environment that embraces new ideas and regtech solutions for the industries. A place for designers and developers to geek out with worrying about failure or affecting a company’s bottom line. We know it takes longer than a weekend, but this is a great start.

What do I bring?

Your laptop and any software you need.

Will there be food?

We will serve all main meals and coffee/tea. Bring anything you want to snack on during the event.

Should I bring pajamas?

Expect to stay overnight, so bring what you need to get through the hackathon. We’ll provide some sleep spaces for those who need some shut-eye. Remember you’re in a public forum, so please act accordingly.

Will there be prizes?

Based on corporate sponsorship available.

Can anyone attend?

No, not open to the public, only registered participants and invited guests.

Learn More



Schedule

  • 2:45 pm

Registration

  • 3:30 pm - 3:45 pm

Welcome

Daniel Mulino, Parliament Secretary to the Treasurer and Minister of Finance

  • 3:45 pm – 5:30 pm

Problem statement discussion: Financial Services

Regulation - Jonathan Hatch, Senior Advisor, Innovation Hub At ASIC

Industry - Nick Reed, Group General Manager Risk at ANZ

Industry - Mark Shaw, Head of compliance and Op Risk and ANZ

  • 3:45 pm – 5:30 pm

Problem statement discussion: Energy Sector

Regulator - Anthony Seipolt, Advisor to the Australian Energy Regulator

Industry - George Gerdan, Country leader ANZ & PNG at GE Grid Solutions

  • 6:00 pm

Hackathon Begins

  • 7:00 pm - 8:00 pm

Dinner and hackathon begins

  • 8:00 pm

Workshop: Introduction to developer resources

  • 7:30 am - 9:00 am

Breakfast

  • 9:00 am - 9:30 am

Presentation: Paul Xureb, Senior Manager of Business Engagement and Solutions Delivery of Technology Services at AustralianSuper - “Blockchain for Super”

  • 10:00 am - 10:45 pm

Presentation: Rick Wingfield, Digital and Innovation Leader at Australia Post - Digital ID

  • 12 pm

Lunch

  • 7:00 pm

Dinner

  • 7:30 am

Breakfast

  • 10:00 am

Hackathon ends

  • 10:30 pm

Pitch Sessions

  • 12:30 pm

Lunch

  • 1:30 pm

Close and awards

  • 2:30 pm

Event concludes

Thank you to the following organizations for helping make this happen.

Organized By

Chami Akmeemana



Partners

Victoria Government
Austrac
Fintech Victoria
Startup Victoria
RMIT
ADCCA
Blockchain Association of Canada

Volunteers

Michael Gord - Thank you for your help with the website working a difficult time zone from Toronto

Kate Dixon - Thank you for your help with the design and branding

David Valentine - Thank you for the countless meetings you attended

Joshua Buirski

Mike Gamble

David Lam

MLG Blockchain Consulting

MLG Blockchain

Developer Tools



Truffle

Infura

Sia

Microsoft

Register

$20.00

Student

$40.00

Regular




Register

Venue Information

Location

RMIT University

Swanston Street

Melbourne

Victoria