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Use Raiden for fast privacy preserving payments
raiden, payments, hackathon, privacy
### Prize Title
Best hack that uses Raiden to do private payments
### Prize Bounty
The best submission will be rewarded with 3,000 USD worth of RDN (at the time of creating the Gitcoin bounty).
### Challenge Description
Raiden aims to make payments for dApps easy by enabling fast and cheap off-chain transfers. Raiden is especially useful for micro payments or all kinds of streaming, paywall or IoT payments. Furthermore, Raiden offers pseudo anonymous / private transfers by only interacting with the blockchain for opening and closing channels. This means that everything that happens in between is not submitted to a public blockchain for everyone to inspect.
With this in mind we want to see the best hacks that utilize Raiden to preserve privacy in payments.
As Raiden is envisioned to be a technology to power all kinds of payments from any kind of device to any other kind of device, we are hoping to see it being used together with other technologies that are also part of this hackathon. This is not a requirement though.
### Submission Requirements
- Build an application that uses the Raiden API to protect privacy in payments
- Provide a good documentation of what you have done and how it can be used (ideally including a video demo)
- Your submission represents an innovative use case leveraging off-chain payments / token transfers
### Submission Deadline
11:59pm UTC on July 7th
### Judging Criteria
1. Quality of the technical implementation
2. Soundness of the use case
3. Quality of the supporting documentation
4. All submission requirements as outlined above need to be met
### Winner Announcement Date
Until July 14th
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