The blockchain technology is revolutionizing how the world uses data. Because of this, many companies focused on data services are starting to use the blockchain technology. Today, we are going to review one of these companies called Eventum.

What is Eventum?

Eventum is a decentralized platform which offers real-world data feed. It uses the blockchain technology to deliver “the right data” for people for a certain price. This is the world’s first decentralized platform to get the “truth” from the crowd and then transform it into an API which can be used by people who want it.

The base of the company is to pay people for what they see and experience and then sell this data to the developers, which can make them economize their time and their resources because they can get this data in a more cheap and reliable way.

The founders of the company are Martin Mikeln and Luka Perovic, both developers with plenty of experience in the blockchain area. Jan Horvt is the lead developer of the team and Irenej Marc is the blockchain developer.

How Does Eventum Work?

The Eventum Network is based on the Ethereum blockchain, which allows it to be decentralized, fast and secure. It uses the “wisdom” of the crowds to verify information based on consensus instead of using a single data source.

You can use the Eventum Network to detect the use of fake news, to analyze sports data feeds and for activities like real-time content moderation or even image recognition. This company’s program can be used practically anywhere or in any situation that there is data from the real world to be gathered.

In a context like today when fake news are so prominent, it is easy to be fooled, so a software like this could be very handy indeed. IT can also be used for the gathering of information about live events and even to find people using the image recognition software.

Alpha validation nodes are being currently released to the public and the full beta version of the system will be online until the half of 2018. The final version of the program, together with the mobile apps, will be released until the end of the year.

How to Invest in Eventum EVT?

At the current moment, the Eventum Network has not yet announced its Initial Coin Offering (ICO) but it has already established the rules for its bounty program. To participate in it, you have to log in the company’s platform and then go to a live event and give information to the company. By doing this, you will be rewarded with some of the 3,000,000 EVT tokens that the company is offering right now.

For more information about the future of this company, follow our updates.

The Eventum EVT ICO Verdict

Is this company a good tool for you? It can surely be as the idea behind Eventum Network is really interesting and it might be very useful for journalists and developers all around the world. In an age in which fake news are so prevalent, companies like this can really help to improve things over time.

The idea of using consensus to get a certain “truth” is not new at all, but using blockchain as a way to create the structures that will regulate this truth is a novel idea and a very interesting one that can be very good for our society. The company also looks to be a great investment because it seems like it could be very profitable.

If you want to invest in the Eventum Network, do not lose the chance to follow our blog, in which you can find out the most important news about this and many other interesting companies.