Understanding the wolrd and what exactly it needs, then comes a hope for all, eventum platform. The world has become data-driven, and access to real-time information, which often comes via external data feeds (i.e. APIs), is crucial. The problem is that enormous amount of real-world data all around us is never captured and turned into a real-time API. We present the design and implementation of a new platform, called Eventum, where the truth is sourced from the crowd and then automatically turned into a real-time API. Anyone in the world can get paid for what they see and experience, while developers get any data they want more cheaply and reliably. Eventum utilizes the wisdom of the crowd principle in a decentralized network of data providing and validation nodes with blockchain as a court system. We aim to offer a much-needed layer for secure, reliable and cheap data feeds which do not rely on a single source of truth.
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DATA THE MAJOR CONCERNED PROBLEMS
Recently, Data has become one of the important tools one can not do without and also Data is the gold of the 21st century. To survive and grow, modern companies need to be data-driven and have access to real-time information, which often comes via external data feeds (APIs). The problem is that there is an enormous amount of real-world data all around us that can not be captured and turned into a real-time API. Whether we are shopping for a new pair of jeans, taking a selfie at a concert, reading the latest news online, watching a football game from our couch or scrolling through Twitter's newsfeed, we have access to invaluable amounts of data that is never used and impossible to monetize. Moreover, the data that is available through data feeds is often unreliable and unverified, because it relies on a single data source susceptible to a high rate of errors and failures. Notable examples include: the fake news detection systems, where it is impossible for a single human or an AI system to detect dubious news and hoaxes reliably; a real-time content moderation system, where a comment that may seem appropriate to someone could be flagged as racist by someone else; a reporter’s one-sided perspective of real-world events, such as concerts, tournaments, global conflicts, riots and protests.
There is a multi-billion dollar gap, where on the one side there is enormous demand for cheap and reliable data feeds from every modern company, and on the other side there are more than 2 billion people with smartphones and easy access to a significant part of this data, with no way of providing and monetizing it. This then bring about the difference between both demands for both companies.
THE SOLUTION EVENTUM BRINGS
The solution to some of the problems outlined above is Eventum. Eventum is a decentralized platform where the truth is determined from the outward behaviour from the crowd and then automatically turned into a real-time API. Reporters get paid for what they see and experience, while developers get any data they want more cheaply and reliably.
The Wisdom of crowds principle is used to determine the truth from multiple data sources (i.e. people reporting the data) instead of a single data source, which removes bias and single point of failure. This process is done in real-time by a decentralized network of reporting and validation nodes in the Eventum system. Asymmetrical cryptography and blockchain solutions, Ethereum , Swarm and Whisper, are also used to provide a secure and fair system with free market economics.
Eventum is an open-sourced, extensible platform with an easy-to-use API interface and flexible SDK. Developers can get any real-world data in the form of an API while also being sure the data is verified, i.e. a result of consensus, for which rules are set by the developer himself. The data can not be stored or controlled by a 3rd party, and all funds are securely stored on the blockchain. Moreover, the price is only governed by free market economy and investors, which means there are zero fees and margins on the price of data.
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THE WAY EVENTUM WORKS
Eventum's system is created to bridge the Gap between data providers and developers. They (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. Validation nodes then wait for a consensus to be reached (i.e. multiple data providers send the same information) and then send this data to the developer in the form of a real-time API. The developer locks a reward in a smart contract, which is then split and given to data providers that were part of the consensus. The reward is split proportionally to the speed at which the data was provided, so the real-time nature of the API is incentivized. A diagrammatic representation of the way eventum works is as shown below;
Now with Eventum the relationship and connection between the Developers and Data Providers is highly rated and seen.
THE UNIQUENESS OF EVENTUM SMART CONTRACTS
Every Project must have a smart contracts address, unlike others; the eventum smart contracts are responsible for the safety and fairness of Eventum and are used for staking, holding the funds, reputation system, dispute, review mechanism, and governance. At the creation of the market, the developer locks in his reward together with the hash of the consensus rules (which are saved on Swarm). After the selection process, first, the validation nodes are added to the contract and then the data providers. Another set of contracts is used for keeping and updating the reputation score of all the nodes in the system and another set for the dispute and review mechanism. Changes to the core layer of Eventum's architecture are done via a decentralized voting system implemented in the set of contracts responsible for the governance of the system. Therefore, this is where all the the eventum funds are being stored, keep for record and future transactions.
USEFUL CASES OF EVENTUM:
Fake news detection, sports data feeds, real-time content moderation, image recognition, sentiment analysis, live events data, real-time market research and more. When there is real-world data that can be captured, there is Eventum.
Sports data : Report game events from your couch and power fantasy leagues, betting systems and news
Fake news : Use crowd intelligence to filter out fake news and hoaxes
Image recognition : Provide verified real-time feedback to AI systems
Content moderation : Use knowledge of the crowd to detect inappropriate content in real-time
Live events : Get real-time insights from riots, concerts, festivals and tournament
eSports : Live coverage and complex statistics for Dota 2, LOL, CS:GO, PUBG and more.
Token Distribution
Total token supply : 500,000,000 EVT
Minimum target (soft cap) : 1,159 ETH
Total target (hard cap) : 18,539 ETH
1 EVT = 0.00007416 ETH
Team’s vesting : 3 years
Token sale : 50%
Funding team : 12%
Ecosystem fund : 10%
Future financing : 10%
Partnerships : 8%
Advisors, influencers and token sale costs : 8%
Bounties : 2%
Funds allocation
Core development : 50%
Marketing and communications : 20%
Legal : 10%
Operations : 10%
Education, research, misc : 10%
USEFUL LINKS TO EVENTUM:
https://eventum.network/
https://medium.com/eventumnetwork
https://bitcointalk.org/index.php?topic=2992193.0
https://m.facebook.com/EventumNetwork
https://mobile.twitter.com/eventum_network
https://www.reddit.com/r/Eventum/
Author's Details:
Bitcointalk username: capableuwa1
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=207762;
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