EVENTUM INTRODUCED
https://imgur.com/RIjl2q8
Eventum employ the wisdom of the crowd principle in a decentralised network data providing and validation node with blockchain as a court system. The world have become data driven and to obtaing real-time information which maybe seen via external data (i.e API) is crucial. However the challenges is huge amount of real-time API. Often times in valuable amount of data that is not used and impossible to monetize is accessed and data available through data feed is most time not dependable and unverified,reason been that it will depend on a single data source vulnerable to a high rate if mistakes and failure.
However a new design and implementation of a new platform known as Eventum is introduced. Eventum aim to present a much-needed layer of safe,dependable and cheap data feeds which do not depend on a single source of truth.
Eventum is an open source,extendable platform with an easy-to-use API interface and flexible SDK. Any real-world data in form of an API can be gotten with the assurance of the data been verified. Data cant be stored or managed by a 3rd party and all funds safely stored on the blockchain.
MECHANISM
Eventum system is a connection between providers and developers. Data providers access valuable data and it been conveyed via mobile/desktop app to validation nodes in the eventum system. Validation nodes will then hold on for a consensus to be reached,the data is then sent to the developer in the form of a real-time API. The developer locks a reward in a smart contract which is then divided and given to data providers that are part of the consensus. The reward is divided in proportion to the speed at which data was provided hence the real-time nature of the API is incentivizied. The volume of reward could be of any size the competitive offers will be selected on the free market that is controlled by supply and demand. Market prices is governed by free market economy which means there are zero fees and margins on the data.
https://ibb.co/nwCZ9S
TOKENIZATION
EVT is an important part of the platform and it drives the most critical part of the system. All EVT token will be minted and distribution in the token generation event (TGE) and total supply will not change. Validation data that is adequately captured,processed and delivered in Eventum token (EVT) will earn fee which can also be used in stalking mechanism,reputation system dispute and governance. While the fees are primarily paid in EVT. All ERC20 will be automatically exchanged in order to incentivise the use of eventum token and ensure that validation nodes are still paid consistently in EVT.
CONCLUSION
In the 21st century data is so precious. To thrive and experience growth,modern companies needs to be data-driven and be able to access real-time information which is often received via external data feed i.e (API'S).
Time is of valuable essence likewise remarks and intellectual capabilities are way beyond what artificial intelligence system is capable of,hence its adversible to make use of this and monetise what is seen,done or experienced.
Website: https://eventum.network