In today’s world, in parallel to the progress made in Information Technologies, the rate of inclusion of innovative products and services into our lives increasing every day. Thus, our lives are becoming more digitalized each day. With all the digitalized products and services introduced into the daily lives of us, data generated increases enormously. For the time being these large amounts of data are owned by large entities and utilized for their own interest.
The growth in digitalization reflected to the scientific use cases similarly. For example, increasing awareness to environmental issues brought stricter regulations and necessity to monitor both industrial processes, surface water and air qualities. There are more sensors placed in service in distinct places on earth every day. The growth in these kinds of applications need data to be collected and transferred to the regulative bodies in a trustworthy way.
There are problems related to utilisation of these data. First, it is not ethical in the sense that monetization of these data is not processed with the consent of the real owner of data, which is the generator of data, ourselves. The other problem related to the current utilisation scheme is that there are many fake reviews and comments regarding products or services which lowers the quality of data utilized. Moreover, there is not a proof that the data provided by central organizations are accurate where, accuracy makes the data valuable or not.
The platform brought by Enkronos team which is called “Enkronos Apps” is a multi- application platform. Main purpose of the platform is to serve as a trustful platform for advertising, marketing, AI and big data solutions. There are currently 7 applications available on the platform each designed for different purpose which vary, from marketing and promotions, to AI/AR engagement, to IoT+AI monitoring and prediction, to mass interaction.
Ekronos Apps platform targets many sectors but main sectors would be summarized as loyalty programs, digital advertising, agritech, artificial intelligence applications in marketing, augmented reality, location based services and internet of things.
As explained above, Enkronos Apps targets to a wide range of market segments. The total size of these market segments reaches to $700 billion. Whereas, serviceable available market is approximately $100 billion. Enkronos estimates that serviceable obtainable market size is $5 billion.
ENK token is an ERC20 token. Initially it will be used in crowdholding and crowdsourcing platform. It will be the main payment method within the platform in the future. Businesses will use it as a payment for using Enkronos Apps. Users will be able to buy products and services in the Crowdhoding Marketplace. Total number of ENK tokens created will be 500 million.
Enkronos Apps token sale have already been completed by November 20th. They have raised 12,6 million USD during the token sale period.
