In the 21st century, Data is the gold. For mere survival and scaling of your business, you need to be data driven and have access to real-time information. But more often than not, these enormous data is rarely reliable and unverified, because it relies on a single data source susceptible to a high rate of errors and failures.

Eventum is a decentralized ecosystem where they source truth from the crowd and then, they automatically turn it 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. They use Wisdom of crowds principle to extract truth from multiple data sources.

Eventum Basically captures Fake news that revolves around the sports content, real-time content moderation, image recognition, sentiment analysis, live events data, real-time market research and more.

The Technology

They act as a bridge between data providers and developers, where these 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. Post this, they validate the source and push the news to the reporter in the form of a real-time API.

The developers receive a reward via the smart contracts technology, which is split proportionally to the speed at which the data was provided, so the real-time nature of the API is incentivized. Eventum uses a small set of predefined fields and leaves everything else to the developer. To create a consensus, Each data feed needs to be defined by one or more supported data types. They also have a parallel set of smart contracts to update the reputation score of all the nodes in the system or to settle disputes.

The Ecosystem

The platform consists of 3 layers: the core layer, the services layer and the application layer. All these three layers are perfectly synced with each other , which provides the real-time speed, and blockchain, which provides the security and pay0ment solution.

For funds to be transferred safely, stored and distributed, it is necessary to build the ecosystem of Blockchain technology. This is processed in real-time by creating decentralized structure of reporting and validation nodes in the Eventum system. All sensitive data is stored in the blockchain layer so as to provide with maximum protection to the data. In order to stop people from guessing the outcome, developers must define data to be reported with unique properties. They also have a built-in push notifications system which will help them search and filter for specific data types, events, names, dates and locations.

• The Platform is secure fast and encrypted data on the blockchain

• The verified system of operation

• No charges no fees and no intermediaries involved

Token and ICO

Total token supply: 500,000,000 EVT

Minimum target (soft cap): 1,159 ETH

Total target (hard cap): 18,539 ETH

ICO= 50%, Team=12%, Partnerships=8%, Advisors/sales costs=8%, Future financing=10%, Ecosystem fund=10%, and finally Bounties=2%

Conclusion

The ICO is a hit and worth considering to invest in. They have a highly functional team of technical developers, investors and stakeholders who have helped them scale the company to bigger heights. The entire concept is new and the industry will be benefitting greatly by the integration of blockchain technology to unite data providers and readers.