EVENTUM: Extracting truth from crowds by using blockchain as the court system.

guchi (37)in #eventum • 6 years ago (edited)

Most individuals in the business environment must have heard the expression ‘data is gold’, but that expression may take on a whole new meaning in 2018. Data is very essential for companies and it's going to spell an era of innovation as companies attempt to balance privacy concerns with the need for more accurate targeting. It seems to be on everybody's lips these days. Individuals are generating more than ever before.
In general, data is simply another word for information. It refers to information that is machine-readable as opposed to human-readable.
People are generating more than ever before. It doesn't matter if you are selling to other businesses or ordinary members of the general public.
Whichever industry you work in, or whatever your interests, you will almost certainly have come across a story about how “data” is changing the face of our world.
They can be used to measure/record a wide range of business activities - both internal and external. While the data itself may not be very informative, it is the basis for all reporting and as such is crucial in business. These data have helped in the following ways;

Ensures your business is fit for purpose
Helps you become more cost-effective
Promotes transparency
Provides better continuity of care
Gives you a competitive advantage
Allows you to plan for the future
Despite the benefits of data, it is faced with following challenges;
-Data volumes are growing: We are making more and more data at a pace that is difficult to comprehend. Most of this new data is unstructured, this enormous amount of real-world data all around us that can not be captured and turned into a real-time API.
-Data quality is often poor. While we are accustomed to thinking about quality in the context of physical objects or products, it turns out data quality is a material issue for every firm all of the time. This data is often incomplete, inconsistent or out-of-date, unreliable and unverified because it relies on a single data source susceptible to a high rate of errors and failures. Examples of this such include;
WHO CAN WE TRUST?

Eventum, an open-sourced, extensible blockchain platform with an easy-to-use API interface and flexible SDK, provides the solution to the above-mentioned challenges. It is a bridge between data providers and developers. The data providers have access to data that is valuable, which they then report via a mobile/desktop app to the validation nodes in the Eventum system. The developers can get any real-world data in the form of an API while also being sure the data is verified. The data can not be stored or controlled by a 3rd party, and all funds are securely stored on the blockchain. The blockchain is necessary for the platform to be safe and fair.
The system makes it easy for people to get paid for reporting on real-time events and information around them, while developers can get any data they want in a cheap, fast and secure data feed.
ROADMAP