Eventum - The Power of Collective Wisdom
Are you annoyed with the centralisation of your data by companies like Facebook and Google? Are you annoyed that they use your data to fund their businesses without sharing the profits? Then the Eventum platform is something you should experience and sign up to use.
Eventum is a blockchain startup utilising crowd sourced data to determine the truth about an event. It is the first decentralised platform of its nature, and intends to turn these determined truths or events into real-time APIs (external data feeds).
Blockchains make it possible to view information on public ledgers, enabling trust and promoting a decentralised economy. Eventum's platform runs on the Ethereum blockchain which hosts the Eventum cryptocurrency (EVT), and Swarm gateways to sustain a built in incentive system using peer-to-peer accounting and allows trading resources for payments.
Data in the age of the internet and technology provide a wealth of information to companies who are capable of buying it. Sometimes, these data are manipulated by individuals, metrics skewed in their favour or paints a competitor in a bad light. The problem which was once too little data, has now become too much data and no way to verify and authenticate all of it. Until now.
As a user of the internet, are you certain that the data you receive is accurate and without errors? Companies that provide a data feed have measures in place but cannot monitor all the data and stamp it as verified. Viewers of the data feed and those that submit it have no incentive to verify, hence a mixture of fake data and real data. This leads to some users being duped into thinking the data was real and had real value.
Eventum wants to change that by rewarding users who submit their data to the platform. Using this data and a 'crowd' of people, they plan to source the truth through a consensus and turn the truth into an API, thus providing undisputed truthful data. One person may lie or claim that data is the truth, but a collective consensus based on the data is often irrefutable!
Scenario Use Case Example - Someone posted a news article and it shows in your data feed. You believe it to be true, read it and share it with your followers, only to be made aware that it was a hoax and an article with untruths. In this scenario, there was no consensus to verify the data being submitted, and litter or no moderation done.
Now, you're seen as someone who shares and promote fake articles and spread unwanted FUD. Your credibility will be attacked, and your reputation tarnished. Followers unfollow you, and you're known as the fake news article person. Now wouldn't it be easier and better if there was a system in place to prevent this fake news being published, and guarantee its accuracy and truthfulness as soon as its published? Then Eventum is the platform you need.
This scenario describes fake news being spread. But the Eventum platform is not limited to just news. Sports data, Image Recognition, Content moderation, live events and eSports are some of the sectors that Eventum plans to cover. At the moment, these categories seem to be the focus of the Eventum platform. Though I can see the potential to break out into other fields and categories and be a game changer in data analytics.
As with most blockchain startups, Eventum is hosting an ICO event shortly and are inviting users and investors to participate in the ICO. There aren't any details provided as to when this is, but their KYC form opens in 7 days. A limit will be placed on the number of tokens minted which is set at 500,000,000 EVTs.
They're hosting a bounty campaign to spread awareness and promote marketing as all the other startups. But what makes the Eventum project the most interesting in my view is their Eventum Alpha MVP.
This Alpha MVP gives users and investors a chance to see first hand how the platform functions and it rewards users who sign on to the Alpha Phase WITH Eventum tokens and Ethereum tokens. Most projects hosting ICOs have no project to start with or any MVP to showcase during the ICO stage. Having a MVP ready during ICO is one of the best marketing strategies I've seen for crypto startups, and Eventum is setting the bar pretty high. Sign Up to the Alpha MVP for an exclusive experience.
Eventum is the first decentralised blockchain startup with this type of idea and it looks promising. I would recommend joining their ICO to everyone interested. And I would also advise you to do your own research (DYOR) by reading their whitepaper, lightpaper, and joining their Telegram Channel, where admins are available to answer all your questions and concerns regarding the project.