Hedera Hashgraph is a public network based on distributed ledger technology (DLT), developed for businesses and companies as a platform for decentralized services and applications. Hedera positions itself as a third–generation public network, the next stage in the development of bitcoin and Ethereum. The strengths of the project include high scalability, security, smart contracts, energy efficiency and low usage fees.

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Hedera announced the hackathon with an open call for developers to build applications on the Hedera Token Service (HTS), with an opportunity to win over $35,000 USD in HBAR rewards: 
https://hedera.com/blog/hedera21-hackathon-call-for-developers-to-build-the-future-of-asset-tokenization-beginning-january-19th-2021