Eventum is the world's first decentralized platform where the truth is sourced 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.

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, which means there are zero fees and margins on the price of data.

Problem

We are creating new data at an exponential rate and by 2025, more than a quarter of data created in the global datasphere will be real-time in nature. Most of this data is never captured, let alone available in the form of a data feed (i.e. API), while existing APIs are often unreliable because they trust a single data source and are thus susceptible to a high rate of errors and failures.

Solution

A decentralized platform where any information can be crowdsourced and automaticallyturned into a verified real-time data feed.Wisdom of crowds principle is used to determine the truth from multiple data sources (i.e. people reporting the data) instead of a single one, which removes the 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.

How it Works

Eventum's system is a bridge between data providers and developers. 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.

Architectural View

Eventum is a platform built on top of a decentralized network of reporting and validation nodes with blockchain as a court system. The platform consists of 3 layers: the core layer, the services layer and the application layer. Both the decentralized network of nodes, which provides the real-time speed, and blockchain, which provides the security and payment solution are tightly integrated into all 3 layers.



Validation Nodes

Validation nodes represent the core part of the decentralized Eventum network and are responsible for capturing the data, building the consensus and delivering the data to developers. Validation nodes earn fees for every data that is correctly processed, while also being involved in the governance of the system. They are required to stake a certain number of EVT tokens for the duration of the market they are validating and thus act as just-in-time masternodes. They are lightweight, and run efficiently on mobile devices.



Road Map

The team has consistently followed the laid down plan in actualisong the set goals as shown below



Token and Fund Distribution

This is explained with the image below for easy understanding

Team And Advisor

Eventum Network is backed up by wonderful key players in the Cryptoworld who understands what it takes to make the project happen.





https://eventum.network/Eventum-whitepaper.pdf

https://alpha.eventum.network/?ref=QHijFQwB