2019-4-5 23:02 |
Today, Endor, a blockchain-driven predictions-as-a-service provider, announced the official debut of its intuitive market analytics engine. The service uses blockchain, artificial intelligence, and MIT’s Social Physics technology to develop an algorithm that predicts consumer activity in real time, at a fraction of the cost of traditional market research.
According to their press release, the Endor Protocol will provide users with a wide variety of predictive analysis features including:
Predictions on the Ethereum blockchain, including all ERC-20 compliant tokens. Real time responses to user questions on market activity, in a similar fashion to Google and Amazon queries. Seamless transactions through the platform’s native EDR token. Market analysis and predictions at a fraction of the cost and time of traditional solutions. Analysis on encrypted data, in such a way that users will never have to worry about their data being compromised.With Endor, users simply upload data, ask any question of the software, and watch it generate predictions in real time. Endor’s technology puts all the power of fully fledged market research teams, usually only available to large, well-established companies, into the hands of more businesses than ever.
“Our vision from the company’s inception was to enable anyone, regardless of size and budget, to benefit from advanced AI and predictive analytics at an affordable price,” said Endor CEO Dr. Yaniv Altshuler, in the press release.
The initial phase of the launch will include ERC-20 and Ethereum blockchain data exclusively available through use of the EDR token, with wider functionality scheduled for later implementation.
The ability to make predictions based on encrypted data could be a watershed moment for data privacy. “Recent data security and safety breaches have become huge barriers for companies to use their own data efficiently,” explained Dr. Stuart Haber, a cryptographer on Endor’s scientific advisory board.
“The surprising power of Endor’s proprietary Social Physics based prediction engine is the high quality of its predictions, even when the underlying data elements are encrypted,” Dr. Haber added. “Now you can generate accurate business predictions while keeping your data safe.”
Of the recent launch, Charles Hoskinson, Cardano creator and Endor advisor, said: “Endor’s platform makes AI-powered business predictions scalable and accessible to the masses. This is an important step towards democratizing access to AI and Data Science, as such advanced technologies were previously available only to large companies with deep pockets.” Blockchain tech continues to decentralize and democratize resources and capabilities which were previously only available to a privileged few, leveling the playing field for finance and entrepreneurship.The author is invested in digital assets, but none mentioned in this article.
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