EVENTUM: CURBING UNFAIRNESS AND MONETIZING DATA

in #cryptocurrency6 years ago (edited)

What are Real Time Data (RTD) and Real World Data?

Real Time data is information that is delivered immediately after collection while Real World Data is data derived from a number of sources associated with outcomes in different population in real world settings.

Our whole life is surrounded by the need for data whether it is for shopping, seeing movies, watching football, paying bills, rents, social networking and a lot more. This causes many to lose funds that are not even available and others try to stay away from the internet which is almost impossible. This is simply because the amount of real world data around us cannot be monetized no matter how much access we have to such invaluable amount of data. The issue of real world API is controlled by a single company giving it complete control over data and prices of data whereby excessive margins are attached to the prices devaluing worth of data. In this, data lacks integrity and quality.

The Eventum system however, is here to select and gather the truth from the crowd; transform it into real-time API since it is a decentralized platform. This will in turn give everyone payment for seeing and experiencing while developers get cheap and reliable data.

How can the truth be sourced from the crowd?
When people from different parts of the world report data i.e. from different data sources instead of only one source, there is a maximum success rate of eliminating partiality, this is done through a decentralized network in real time of validation and reporting nodes or network are in the Eventum system.
How do we get rewarded for seeing and experiencing in the Eventum system?
Since Eventum bridges the gap between the data providers and the developers, valuable data is accessed by the data provider and reported either through a mobile application or a desktop application for validation which then awaits a complete agreement whereby different data providers send same information. This is then sent to the developers in the form of real time API. A reward is generated by the developer and evenly distributed to the data providers; all this is done within the Eventum system with the backing of blockchain as a court system. So we can safely say that, Eventum is ME & YOU.

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Blockchain applied in the Eventum system is to ensure the security of funds, fair trade, safe storage and distribution. The Eventum system consists of 3 layers; the core layer, the service layer and the application layer. In these layers, decentralized nodes for real time speed and blockchain for security are safely integrated.

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The blockchain is built in the core layer to serve in governing changes made in the system.

The Eventum system also provides the following features;
*The nodes for capturing data, gathering consensus and forwarding the data to the developers which in turn generate fees per data processed.
*Smart contracts for safety and fairness in the Eventum system, for holding of funds, review mechanism and overall governance.
*Authenticity by using a hash to generate a new Eventum identity per transaction carried out giving the uniqueness of Eventum.
*Staking mainly for the data providers
Market creation whereby the developer knows what kind of data he wants and how much he is willing to pay for it.

TOKEN INFORMATION
Token name Eventum (EVT)
Total supply 500, 000, 000 EVT
Soft cap 1,159 EVT
Hard cap 12,236 EVT
Price 0.00007416ETH

Some useful links
Whitepaper https://Eventum.network/Eventum-whitepaper.pdf
Telegram https://t.me/Eventum_network
Reddit https://www.reddit.com/r/Eventum
Medium https://www.medium.com/eventumnetwork
Twitter https://www.twitter.com/eventum_network
Facebook https://www.facebook.com/EventumNetwork
Ann thread https://bitcointalk.org/index.php?topic=3002409.0
Writer: https://bitcointalk.org/index.php?action=profile;u=1820253
Eventum name: Janet

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Is this not the same Eventum that sold out in their presale? Thanks for reminding me. Let me go and invest.

@ifykiki, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

Please also take a moment to read this post regarding bad behavior on Steemit.

This is explanatory! Thanks for this, provided more insight

Beautiful write up and self explanatory.

Thank you . This engenders data integrity which directly affects data quality . You couldn't have said it any better . With the utilization of blockchain , we are guaranteed of an immutable and secure ecosystem

A very good write up...top notch... was actually looking for a place where eventum project could be summarized...and i found this...
Thanks for this amazing piece

Well written. Thanks for the information

Comment removed

Data seems to be the new gold. If we are been paid for providing relevant data then I say it is the way to go. Thanks for the expose.

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