See how EVENTUM is turning the world into a data feed.
Today, the world is majorly centered around the use of data. With data being a case for understanding how the new world operates. The world is now fully data driven and always in need for a quick access to real time information. These information are gotten through a series of sources like an external data feeds.
However, the problem comes because a huge number of real time feeds(API) are never really captured. Thereby making the ones available unreal and not from the right sources.
Because, Whether you are on a shopping spree, or just buying some new clothes, or checking out for the latest/trending news, watching a football game or following your favourite sporting event, you are getting the access to an incredible amount of data. These data may not have been monetized or even verified, worst cast, not reliable. This is because it could have been from a single source, leading to a high chance of errors.
Errors and false information has become the norm of the day in our world because we have neglected the use of a system that should curb the spread the spread of dubious or fake news.
Other times, there were case where our human differences have come in play,. Scenarios where what is considered rude and/or racist in a race isn't seen as such in the other races.
This has left a multi-billion gap business opportunity in the data market, because people are in need of a cheap and reliable data feeds. These feeds can be used by organisations to further chase thier business goals.
Because authentic data can only be gotten from the original source, which in this case, are the people responsible or witnessing this real life occurrences. This is why EVENTUM is here.
EVENTUM is a platform where data is gathered through a real and authentic source, the people. Here, the truth is sourced from the crowd and converted into a real time API.
What EVENTUM does is very simple and straightforward. Anyone from any part of the world can be rewarded for helping gather real life experiences, real life events. Utilizing the the wisdom of the crowd and people to gain a network of real time APIs.
Eventum implements a blockchain technology to build a decentralized ecosystem where users engage in the provision and validation of nodes. This creates a more secure, fast and transparent system with a cheap and affordable data feed that transcends a single source.
While developers get any data they want more cheaply and reliably.
The blockchain solutions, Ethereum , Swarm and Whisper, are also used to provide a secure and fair system with free market economics.
HOW IT WORKS:
The Eventum system platform is created to cut down the gap between the data providers and the developers.
To create a platform that will enable a conducive system for the transfer and implementation of data that are really valuable and authentic. This can be reported through a mobile or desktop application to the validation of the nodes in the EVENTUM System. Validation nodes waits for a consensus to be put in place, and then forwards to the developer in the form of a re-time API.
The developer from his end locks a reward using a blockchain smart contract, which splits and gives to the data providers who had formed a part of the consensus. The reward is split proportionally to the speed at which the data was provided.
THE UNIQUENESS OF EVENTUM SMART CONTRACTS:
Here, each project comes with a smart contract address that are responsible for the safety and transparency needed for the staking, holding, reputation system, review mechanism, dispute, and governance.
The developer locks in his reward together with the hash of the consensus rules (which are saved on Swarm). After each selection process, first, the validation nodes are added to the contract and then the data providers.
Other set of smart contracts are created for the use of keeping and updating the scores and reputation of all the nodes in the system.
Changes are done to the core layers of the system through a decentralized system where the voting systems are set out to be be in governance of the system. This is where all the Eventum funds are being stored, kept for record and future transactions.
USEFUL CASES OF EVENTUM:
Eventum can be used for some real life case scenarios like for fake news detection, sports data feeds, image recognition, live events data, sentiment analysis, real time market research, real-time content moderation, live events data, real-time market research and more. Eventum captures all the real life data.
Token Distribution
Total token supply : 500,000,000 EVT
Minimum target (soft cap) : 1,159 ETH
Total target (hard cap) : 18,539 ETH
1 EVT = 0.00007416 ETH
Team’s vesting : 3 years
Token sale : 50%
Funding team : 12%
Ecosystem fund : 10%
Future financing : 10%
Partnerships : 8%
Advisors, influencers and token sale costs : 8%
Bounties : 2%
Funds allocation
Core development : 50%
Marketing and communications : 20%
Legal : 10%
Operations : 10%
Education, research, misc : 10%
As you know, this article doesn't cover all the parts and technicalities of the this project, more can been seen by using any of the following links.
https://eventum.network/
https://medium.com/eventumnetwork
https://bitcointalk.org/index.php?topic=2992193.0
https://m.facebook.com/EventumNetwork
Written by Goodnuel
Bitcointalk username: Goodnuel
Bitcointalk profile url:https://bitcointalk.org/index.php?action=profile;u=1304832;sa=summary