THEMIS (THM)’s Blockchain Forecast System: The collision between the passion for World Cup and the Blockchain.
I start this article about THEMIS with two facts. So far, 2018 has been a fantastic year for the Blockchain, and the perspectives are good as more and more people are looking to get into it. This year is also a World Cup’s year, which will be held in Russia and it’s the biggest football event, seen by billions of people around the world.
Although Blockchain is revolutionary on its own, there are still a series of problems that need to be solved in this technology which still has room for optimization and improvements. The Blockchain processing efficiency is a bit difficult and there is a high degree of application and environment requirements. This leads to the fact that Blockchain technology often exists as a “concept” but it is difficult to be used for true real-world applications.
So, I’ve got two questions:
Will the Blockchain add unique features to the virtual economy for the World Cup this year?
Will this global event give a boost to blockchain development?
Offering real world application is difficult and it is a problem that Blockchain technology urgently needs to solve
Since Blockchain technology is derived from finance and has a natural high degree of integration in the financial sector, the financial sector has also become a leading area in the application of this technology. However, new technologies will inevitably bring new risks and the financial sector knows that, and it also knows not to jump on into new-tech without properly test and analyze it.
In addition to the financial sector, there are more areas where Blockchain technology can be applied in, but in real world applications it still can be hard to be applied, especially in large scale.
Forecasting the market will become a breakthrough point for the scalability of blockchain technology
In addition to the financial sector, which of the various industrial sectors in the world can have a high degree of compatibility with Blockchain technology?
In the continuous search and trial, people finally found that market forecasting will become the area with the highest level of Blockchain technology incorporated, in addition to the financial sector.
Forecasting the market is an area that needs great reliability. Blockchain’s solid technology can well solve the trust problems needed in order to predict the market. The distributed ledger method through Blockchain technology can prevent the data in market forecasting from being tampered, ensuring the process’ transparency. In addition, due to the specificity of the forecasted market, Blockchain technology is only one used to collect data to ensure the authenticity and irrevocable nature of the data. This way, the risk level will also be minimized.
Themis Chain will create a solid ecosystem of upstream and downstream information in solving the forecast industry problems
At present, the Themis Chain is focused on market forecasting problems. Themis Chain connects the entire upstream and downstream ‘ecology’ of the forecasted market by creating a ‘closed-loop ecosystem’, and it allows Themis users to predict the market. By linking the upstream data service provider with the forecasting algorithm service provider, Themis Chain can timely acquire prediction-related data and algorithms so that user-defined custom events can be passed in time and gain the participation of other users, so that the improved LMSR crowdsourced forecasting can be achieved. The algorithm solves the problem of predictive pricing. At the same time, Themis Chain will also open doors to all downstream developers interested in predicting ecosystems, allowing them to access the platform, and encourage the community to provide other pricing models for users to choose from and expand the breadth of data sources, making the whole process of forecasting the market truly transparent.
Establishing its own Oracle Predictor Themis Chain leads the industry
In addition, Themis Chain has its own Oracle. Themis Oracle is an important part of Themis Chain Platform. By taking advantage of the upstream and downstream ecologies, Themis Chain’s platform can work with data partners to help their data to be written to Oracles, and users can view the data sources of third parties. Not only that, Oracles have other important uses on the Themis Chain Platform: the forecast sponsors can create forecasts for future events of their interest, as well as setting up Oracles for predicting event results. Oracle introduces information about the state of the outside world through their signatures, allowing the identification of smart contracts to respond to the uncertain external world, with features that cannot be tampered, stabled, and auditable. When the outcome of the appointed event is determined by Oracle, the service publishes this event results on the Themis Chain and drives the distribution of the Token for the correct prediction. Themis Oracle predictor also integrates community forecasting and third-party data source forecasting results through intelligent algorithms to synthesize analysis opinions for users’ reference.
Compared to third-party oracles of other platforms, Themis Oracle has a very low handling fee, and the cooperation with the platform is flawless, so that the predictions are more accurate and more adaptable. This makes Themis Chain key for the future and ahead of other competing products.
Token design brings more safety to user’s money
Themis Chain uses the Token model as a mobile medium in the predictive value ecosystem. The Token is a THM Token that can be used to participate in rich event predictions on the platform and can also be circulated on the exchange. Holders can enjoy their circulation on the exchange and the financial value.
We believe that Themis’ team is building this forecasting platform with a great product mentality. The Themis Chain founding team members are all from well-known global companies. They have rich experience on Blockchain, big data, artificial intelligence, games, sports and other industries. At the same time, the cross-border resources possessed by the company can minimize the difficulty of project entry into various countries. With its professional experience in controlling the industry chain for many years, the team not only keeps ahead in the field of artificial intelligence and deep learning, but also leads the industry in the development and application of Blockchain technology.
Currently, Themis Chain relies on its unique advantages of transparent data and diversified gameplay. It has 88000 community users, and has become a classic case of entering this field and its applications with its safe and reliable core competitiveness.
Conclusion
It is understood that in May 2018, the first version of Themis Chain predicts that the internal beta version has been released and the official version will soon be online. On June 8th, 2018, THM will be officially launched at BitForex ( https://www.bitforex.com ) , and users will be able to trade THM within BitForex’ trading platform.
BitForex is the world’s leading digital currency asset trading platform dedicated to providing users with safe, professional and convenient digital currency trading services. BitForex effectively operates taking into consideration its user’s needs, and uses its profound knowledge of the Blockchain industry to select high-quality currencies for global users, leading the trend of Blockchain technology.
The company is headquartered in Singapore, registered at the Republic of Seychelles, and has independent operational teams in Germany, Estonia, Hong Kong, Malaysia, and Philippines. Since its establishment, it has received investments from top institutions such as Crypto Capital. The core team members are from world-renowned companies such as Merrill Lynch, World Bank, McKinsey, Microsoft, Tencent and Lenovo. Alumni from colleges including MIT, Columbia University, Cambridge University, Porto Business School, National University of Singapore, etc., holding master’s degree and above. They are high-quality talents in the fields of science and technology, finance, and Blockchain.
In addition, in order to welcome the arrival of the 2018’s World Cup, Themis Chain has reached a strategic cooperation with Lomostar, that will embed the H5 page of the Themis Chain World Cup football match prediction. Lomostar users can use THM directly to participate in event prediction, and they can also convert other Tokens into THM to participate in the predictions. At the same time, Themis Chain is making more preparations for the World Cup, providing more comprehensive forecasting data and events offering gifts to fans around the world.
The Themis Chain team will continue to optimize their product after establishing a predictive ecosystem based on the blockchain technology, and continually focus on solving the industry’s problems.
Visit us: https://goo.gl/tTm3rn
Sincerely yours,
BitForex Team
6th June, 2018
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