Project Criteria and Grading Guidelines for the Fintech Olympiad 2022

To aspire participants to be a socially responsible citizen, Fintech Olympiad 2022 encourages proposal with themes about social innovation or green skills.

Criteria for Material Submissions

  1. POSTER: The proposal includes a research poster to showcase at the FTOL 2022 Finals, 14400×10800 pixels (36×48 inches at 300 dpi) in landscape (“horizontal”) orientation. Posterboard content may be multilingual, but English must be present. The digital posterboard file may be in PDF format or as a shared Figma file.
  2. PITCH: The proposal includes a 10-minute pitch presentation. The content may be multilingual, but English must be one of the languages. Speech must be in English, or if an exception is granted, must be subtitled in English. Presentation files will be presented in 16:9 on either Microsoft PowerPoint or Google Sheets; a PDF backup is recommended. The presentation video must be a maximum of 10 minutes (600 seconds) and must be in MP4 format.
  3. WHITEPAPER: The proposal includes a document describing all aspects of the project. The document is limited to 10 pages, excluding Appendices. The font requirements are as per table Font Requirements (refer to Whitepaper Style Guide). Contents must be in English (no preference on dialect); non-native users of English may submit a reference whitepaper in another language for clarification, but if complications arise, the English version shall prevail.

Marking Criteria

Domain Criteria
Technical Viability
  1. Problem and Solution
    • Accurately identify the issue.
    • A relevant, direct and specific solution for the issue proposed.
    • The solution is convincingly better than others in terms of performance.
    • Identifying and proposing remedies/mitigations of technical risks, such as how the solution can be compromised.
  2. Infrastructure
    • The solution ensures effective tech infrastructure governance (see below), considers interfacing with legacy system
    • The problem is a complex challenge that involves various parties where incentives must be provided for coordination, reconciliation, and so forth.
Commercial Viability
  1. The influence (not always about money)
  2. Potential sponsor/funding
  3. Marketing
    • Supply and demand
    • Estimated market size/target/value
    • The solution is convincingly better than others in terms of delivering value. Identifying and proposing remedies/mitigations of business risks, such as model failure, execution failure, etc.
  4. Competition and risks
    • Project is transparent about its potential vulnerabilities
    • To determine all the risks faced in real life application
  5. Project has value and can be brought into
    • the solution generates value and can capture it, and there is a plan to get it launched, and even better if there are immediate next steps or short term roadmap.
Governance, Legal, Compliance
  1. Governance refers to how the project managed
    • network membership governance, technology infrastructure governance, and business network governance
  2. The solution ensures effective governance (see below), including the non-digital assets (tokenization).
  3. Who, or what organisations, would be involved in the regulation of the services proposed in the solution; and how would they do it.
Presentation Skills [+ your optional submissions]
  1. Including all your pitching style, all other submissions, quality of written work, video editing etc
  2. Prototype and demo
  3. Workflow and user experience
  4. The graphics design and interface of the prototype

Criteria Grading Guidelines for Prototype Evaluation

  1. UX Design: Workflow
  2. A walkthrough of the proposed solution, based on the “Happy Flow”, i.e. one scenario in an ideal world, including all assumptions required for this ideal world.

  3. UI Design: Screenshots or High-Fidelity Prototype
    • A Usability: User-oriented design, i.e. designer has empathy and understanding of what the user wants and needs — BONUS: background information of the users (personas).
    • Appearance: Organized design, use appropriate color/shape to guide the user
    • Functionality: Every item appears on the screen for a purpose

Blockchain Governance

While these concepts are specific to blockchain projects, non-blockchain projects may draw inspiration from these concepts for non-technical aspects of their project proposals.

Governance refers to how the project managed: network membership governance, technology infrastructure governance, and business network governance. For more information, refer to chapter 5 in the Blockchain for Business book by Arun, Cuomo, Gaur. Demonstrate that the solution ensures effective governance, and faithful representation or tokenisation of non-blockchain ready or even non-digital assets for blockchain.

Network Membership Governance Business Network Governance Tech Infrastructure Governance
  • Member on- and off-boarding
  • Equitable and fair cost structure
  • Data ownership structure
  • Regulatory oversight provisioning
  • Permission structure
  • SLA management
  • Network support services
  • Risk optimization
  • Network operations
  • Network charter and management
  • Common/shared services management
  • Business SLA: quality assurance, performance, and network security management
  • Business exchange conditions management
  • Industry-specific requirements, legal, and regulatory compliance adherence
  • Business operations structure
  • Distributed IT management structure
  • Model of distributed maintenance
  • Framework for utilizing industry standards
  • Resource optimization
  • Technology assessment and adoption
  • Network deployment
  • Network support services
  • Risk optimization