Senno is the first to offer a sentiment analysis platform on blockchain, with an open API for 3rd party apps.
Image from Senno website
Senno decided to build upon the NEO blockchain because NEO was specifically designed to host smart contracts, ICO’s and apps in a decentralized manner. NEO is also open sourced allowing smart contracts and apps to be written and compiled in C#, JAVA with future options of Python and GO. This removes several barriers faced by developers, making entry much more accessible.
Other reasons for choosing NEO include security risks that have resulted in several forks of Bitcoin and Ethereum. Also NEO supports up 10,000 transactions per second compared to Ethereums 15 transactions per second.
One of the great aspects of using NEO is once a transaction has been confirmed it is permanently recorded and cannot be revoked. For Senno, “We believe this integrity is far more important than availability when it comes to financial applications.” These are only a few of many reasons Senno chose NEO, to learn more about Senno be sure to read their whitepaper. https://github.com/SennoGroup/SennoWhitePaper/blob/master/SennoWhitePaper.pdf
Image from Senno website
I would like to try to explain more about sentiment analysis and what it means.
The definition from the dictionary:
sen·ti·ment a·nal·y·sis
noun
noun: sentiment analysis
the process of computationally identifying and categorizing opinions expressed in a piece of text, especially in order to determine whether the writer's attitude towards a particular topic, product, etc., is positive, negative, or neutral.
"companies have key lessons to learn about harnessing the power of social media and sentiment analysis"
And here it is explained from Wikipedia https://en.wikipedia.org/wiki/Sentiment_analysis
Opinion mining (sometimes known as sentiment analysis or emotion AI) refers to the use of natural language processing, text analysis, computational linguistics, and biometrics to systematically identify, extract, quantify, and study affective states and subjective information. Sentiment analysis is widely applied to voice of the customer materials such as reviews and survey responses, online and social media, and healthcare materials for applications that range from marketing to customer service to clinical medicine.
Generally speaking, sentiment analysis aims to determine the attitude of a speaker, writer, or other subject with respect to some topic or the overall contextual polarity or emotional reaction to a document, interaction, or event. The attitude may be a judgment or evaluation (see appraisal theory), affective state (that is to say, the emotional state of the author or speaker), or the intended emotional communication (that is to say, the emotional effect intended by the author or interlocutor).
Video from Senno websiteBasically, Senno will provide a way for businesses to really understand how their customers actually feel about their service, brand, product etc. The sharing of user generated content will allow Senno to analyze what consumers really think, unlike a survey with specific questions, sentiment analysis can use algorithms to understand what the consumer’s actual perception is.
Senno has provided a platform that can scan millions of webpages to extract data in real time. Senno allows third parties to integrate crowd wisdom and data conclusion tools into their own platforms.
Senno will provide the tools needed for businesses to access opinions in real time allowing them to respond immediately. By using blockchain technology, not only is Senno more cost effective but will provide more accurate results.
Using sentiment analysis will benefit consumers of businesses that choose to swiftly respond to the feedback. In all, businesses will be more successful by having much happier customers. Long gone are the days of businesses having to guess what their customers are really saying.
Image taken from Senno telegram
Senno will have their ICO from August 1st through August 7, 2018. You can register to participate by using my referral link https://senno.io/?ref=174&subid= or by going to their website.
Read their latest article https://medium.com/senno/7-benefits-of-sentiment-analysis-you-cant-overlook-c139b4d9ace7
Website https://senno.io/
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