EVENTUM: Decentralized real-world data feeds

ahtsham90(39)

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Today its very hard to grasp real information. Mostly people rally on social media or external news sources. Here also you cannot be hundred percent sure of true information. Therefore here we got Eventum which turns the truth taken from the crowd into API. In this system reporters are get paid to tell what they see and experienced. Even a common person can provide reliable information through their desktop or mobile phone app.
Eventum system works as a bridge between data providers and developers. Data providers report an event through desktop or mobile it is stored in the system and on reaching a certain consensus it is forwarded to the developers to be processed as API. Here people are also rewarded on providing accurate data and depending on the participants the reward is divided accordingly.
This system actually keeps data private until the required amount of consensus is received so it’s in developers hand whether to open up and share their findings or not. This data is thoroughly checked therefore no chance of incorporating any gossip or false communication is there. The reward mechanism also works for data providers’ availability in providing the information which actually encourages people to dig into real facts and figures. Moreover in this system people from all walks of life can deliver true information to receive a reward. The only thing that matters is true information. Here at creation of the data the developer locks the information with the reward while keeping in mind the consensus rule.
In this system block chain is necessary for it to function fairly. For that market economy needs to work fairly for the distribution of funds and rewards accordingly and the consensus should also be stored safely. There are millions of transactions in this system so every piece of information holds its own importance and truth varies as reward is only for true providers of information.
Every individuals time is important and cognitive intelligence is beyond the technology. Here eventum is used to store all the true information. An individual serves here as a data provider and this system stores the necessary information through desktop or mobile applications.

Funds Allocation in Eventum:

Core development : 50%
Marketing and communications : 20%
Legal : 10%
Operations : 10%
Education, research, misc : 10%

These data storing platforms with a reward serve as the last hope to grasp real time information. Therefore majority of people try to participate. The block chain actually functions fairly to distribute funds among the masses. Moreover the centralized system makes it really fair and scam free system. Still there can be chances of little mistake in the information you get but the consensus and votes of other participants can prove the true results and give exact information easily.

The world is expanding opportunities are growing still means of development are also going beyond the set believes and now information processing can be made different according to set rules and regulations.