The Horizon project, an innovative brainchild of the Brazilian duo, Raffaela Loffredo and Barba, has been named one of the twenty winners of the Chainlink Constellation Hackathon’s ‘High Quality’ award. The hackathon, which took place from November 8 to December 10, acknowledged Horizon for its forward-thinking implementation in the realm of blockchain technology.

Horizon: A Blockchain Consortium Platform

Horizon is a consortium platform operating entirely on blockchain. Here, users deposit values into a pool and partake in monthly adjudication rounds, echoing the workings of a traditional consortium. The adjudicated user selection is performed via Chainlink’s VRF random number generator. To withdraw the value, an equivalent collateral must be left behind. The collateral’s price is verified using Chainlink’s Functions tool, which collates real-world data through APIs.

Interoperability and Investment Opportunities

A standout feature of Horizon is its interoperability across various blockchains, courtesy of Chainlink’s CCIP resource. Moreover, the platform proposes investing the pool’s funds in low-risk DeFi protocols to generate returns.

The Visionaries Behind Horizon

Loffredo and Barba, Horizon’s creators, are newcomers to the blockchain industry. They chose to participate in the hackathon after engaging with Brazilian Web3 communities and receiving support and advice. Despite challenges and the need to learn new concepts like frontend development, they successfully developed Horizon’s interface within a week.

Future Plans for Horizon

The duo has plans to enhance and sustain the project, including fee management and the selection of DeFi protocols for pool capital investment. They envision their platform’s immense potential to ease credit access and assist in financial dream realization, particularly through the tokenization of real assets on the Drex layer.