Yesterday, I was taking a stroll through one of the streets of Kolkata, where a lot of shops serving different delicacies are located. I was wondering which dish to choose, just then, my phone buzzed.
When I checked my phone, I found that a nearby cafe had sent me a message with their offers and different delicacies.
I was quite intrigued by this, and after doing some research on the internet later in the day, I got to know that this concept is known as real world data feeds.
Well, this is quite an interesting topic.
A nearby business knows what you are about to do. But this is just like a drop in the ocean and there are many other applications of this too.
But the problem lies in the fact that most of these real world data feeds cannot be converted to APIs, resulting in the shortcoming of the present system.
This is why, Eventum felt the need to enter the marketspace and change the scenario once and for all.
**What is Eventum?**
Eventum is a completely decentralized platform where the data is sourced from the crowd and are converted into APIs in real time.
Anyone who reports the happenings around them are rewarded, and at the same time the app developers get access to true and cheap information, which is an absolute necessity for them.
Instead of relying on a single person, Eventum uses the crowd data which removes biases and single point failures completely.
At the same time, data comes at a premium these days. Developers need to pay quite a bit to the companies selling data in order to get their hands on the data. Eventum reduces this and allows easy access of data to these developers.
Thus, it creates a bridge between the users and developers and thus solves the problem of the current industry.
**How does it work?**
Suppose, I am roaming in a locality with a few of my friends. Suddenly, I get to know about an event that is about to take place in my locality. I update my Facebook status about the same and let other people know.
But do I get any rewards for this?
Imagine, how good would it be if we could get paid for these little updates on our locality and its happenings?
Well, Eventum allows us to do exactly that.
Reporters who report about the happenings in their locality will now get paid for their reports.
On the other hand, developers are equally benefited from this wonderful open source platform.
Data for API integration for real world data feed comes at a premium. Thousands of dollars have to be spend to obtain quality and reliable data about the happenings.
But not anymore. Using Eventum, developers can get trustworthy crowd sourced data at a single click. And the best part? It's quite cheap.
Also, fake news can be filtered out more easily using crowd intelligence.
So can be the news of local sports, which are often ignored by the bigger sites.
This is how Eventum changes the way the industry works, for a better future.
**Token and ICO details**
EVT tokens are the native altcoins of Eventum platform. It operates on Ethereum ERC-20 platform. Initially 500,000,000 EVT will be issued and the softcap is 1159 ETH. The exchange price is 1 EVT = 0.00007416 ETH. The token sale will begin from 15th May 2018. The hardcap for the ICO is 18,539 ETH.
**Conclusion**
API integration of real world data feeds in real time is a very challenging task and has many blockages in its way.
Eventum makes an attempt to remove this blockages so that the industry can grow rapidly.
Users can earn some extra rewards by informing about the happenings of their locality. On the other hand, developers can get their hands on cheap and quality data.
In short, it solves the problem of both the parties and the industry, on a large scale. Surely, this is a welcome change.
Website: https://eventum.network/
Whitepaper: https://eventum.network/Eventum-whitepaper.pdf
Author: yalsik.s
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1943321
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