String Labs, an autonomous financing project, has revealed a new program aimed at awarding grants for developers of open blockchain finance projects on Ethereum.
California-based autonomous financing project startup String Labs is welcoming proposals for finance projects exclusively developed on an open blockchain or distributed ledger.
Grants will vary between $2,000 and $10,000 per project, the announcement revealed.
String Labs’ initiative is one to help in the development of public and open blockchain finance systems, which will enable “end users around the world to send value, invest or borrow via smart contracts or DAO (Decentralized Autonomous Organizations.” According to the post, the goal is to reimagine finance for the common man beyond the “private and Federated chains” currently in development by the likes of R3.
Tom Ding, CEO of String Labs announced the grant in stating:
[W]e’re excited to announce a Grants Program for open chain finance projects to further support community initiatives. We welcome innovative finance project proposals globally to apply for a grant between $2,000 to $10,000 per project.
The guidelines in place for developers to be eligible will require that the applying project is open source and designed to run on the Ethereum blockchain.
Some examples of the proposals that String Labs is interested in include mobile wallet apps, financial exchange clients, P2P DApp store, new financial protocols and more.
The grant’s guidelines also demand clear deliverables over the next 6-12 months with a strong preference for projects adhering to existing code or research paper.
One of the primary pointers of a project’s proposal should see its goal and scope described.
Grant winners can opt to co-work with String Labs in Silicon Valley, California. Notably, international applicants can also apply for the grant. Awarded on a rolling basis, the deadlines for the first batch of grants will be June 31st, 2016. Developers and applicants can submit proposal(s) here.