Blockchain technology is solving problems in the financial industry, this includes processing of data for investments decisions making and since data processing requires a lot of data for use by artificial intelligence the database used by distributed ledger technology can be of useful help in using machine learning and artificial intelligence to process data in a large decentralized database.
The records stored in distributed ledgers have a magnitude of providing analytics that can be useful in making financial decisions. The database of distributed ledger technology is well structured and arranged based on financial transaction and movements on the blockchain, this data will be available for analysis. The distributed ledger is used to store files but doesn't offer analytical capabilities, SVANDIS a research and visualization platform plans to bridge the gap between this databases and investors through empowering its platform with tools towards analyzing and visualization of data on the blockchain.
(Video Source: Youtube - Svandis Platform Introduced)
SVANDIS will allow the users to analyze the database in real time towards decision making, the blockchain database contains rich data arranged in time frames allowing users of the platform to mine data patterns for analysis purposes.
The use of artificial intelligence and machine learning on the platform will allow the platform to reject any input that it cannot verify and this allows rich output for analysis which is more likely to be accurate than when using traditional methods of analysis. Let's take a look at what is SVANDIS and how it plans to use blockchain technology to revolutionize the data analysis and visualization market.
SVANDIS
SVANDIS is a revolutionary start-up using blockchain technology, machine learning, language processing and correlation analysis to improve data analysis, the platform mainly targets the crypto markets where vast information is stored in distributed ledgers. The platform plans to empower analysts with tools to help the analyze data on the blockchain in order to make informed and strategic decisions based on the rich data they will get as output from the platform. SVANDIS plans to use language processing to enable the natural language to improve on the quality of inputs the analysts makes on the on the platform, this will be backed by Machine learning that will use algorithms towards processing data automatically increasing the efficiency and effectiveness of processing data on the platform, SVANDIS will also use correlation analysis that will be based on various useful financial indicators and this tools will be made available for users on the platform.
WHY SVANDIS
SVANDIS Platform allow the use of distributed ledger records which contains rich information that can be beneficial to analysts, the sharing ability of this data can be beneficial in allowing improved quality of data for input towards analysis.
The platform will be a solution for analysts, because the platform uses blockchain technology to source for information during analysis, this will eliminate the need of using any other third part analytical source since blockchain technology stores all information in the distributed ledger technology.
SVANDIS ICO
Currently investors can join the project through the ongoing ICO where there are attractive bonuses available, they include a 20% bonus on presale, a 10% bonus before the ICO raises 3 million tokens and the left amount will attract no bonuses. The funds will be used for development, marketing and operations. I have included a chart below for more information.
Conclusions
Blockchain technology is using distributed ledger technology to store data and the database is growing every day, this data is rich in information that can be used by investors and SVANDIS is empowering analysts through tools that they can use to process this data for use towards investment decision making. As more researcher find the platform useful it will attract regular customers enabling a continuous growth of the platform. This is one of the projects I would love to see realizing its goals. I have included important links including the website, whitepaper and social links in the reference section below for your educational purposes.
References
Svandis is a new era in information processing and analysis!
Web: https://svandis.io
Telegram: https://t.me/svandis_chatroom
Twitter: https://twitter.com/svandisio
Facebook: https://www.facebook.com/svandisio
Bitcointalk: https://bitcointalk.org/index.php?topic=3314886.0
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
Ether Address: 0x8E8A5B6e2ABF1Bb64759bDd4DBe788F45B1D4f54