Cool review to project
Endor – https://icocrunch.io/ico/endor/What – Protocol for affordable predictive analytics for businesses and users
When – TBD
Rating – 4.8🔥Idea & TokenAs a rule, predictive analytics requires complex hardware and software, lots of time for computing and iterations, data scientists, modern data models, artificial intelligence technology, and the last but not the least – money. If you have all of these, you’ll get quite accurate answer to your predictive question. So, nowadays only large corporations can afford this kind of service. Endor is aiming to use blockchain technology and automation to make predictive analytics available for everyone. The idea is based on Social Physics, a new science developed in MIT and dealing with everyday sets of data, for example credit card purchases. By analyzing these datasets you can find human activity patterns and, basing on them, obtain accurate predictive analytics. First of all Endor is targeting enterprise clients. They will upload their data to Endor’s automated “Data as a Service” platform, wait for the data processing (from an hour to a day), and then ask questions to get the required predictions. This engine was already successfully used by Coca-Cola to find out market campaign effectiveness and product adoption, and by Twitter to detect ISIS activists. The list of enterprise clients is quite long, we’d name two more monsters – Mastercard and Walmart. The experience in all of these companies showed that the computing costs were much lower in comparison to the current methods and systems. For end users, the company is planning to use blockchain technology to connect users and data providers in a cost-effective way to make predictive analytics affordable for everyone. If you are sure this won’t be interesting for you as a user, think that you could predict a token price, say, three months ahead. We don’t mean an Endor’s token, we mean literally any token you plan to invest to. This is a privilege that wasn’t available to mere mortals ever before. The Endor’s protocol will allow you to connect to an existing blockchain as well as off-chain datasets. You will pay Endor’s EDR tokens to make a prediction request, and the more complex the request, the higher the price. These tokens will go to analytical data providers who supply the data sets and to those who perform the computations. Most of the generated tokens will be spent on research and development, establishing partnerships (for example, with a world-leading research institute), and purchases of prediction engine technologies.
TeamThe team consists of 12 of world-class professionals - data scientists, IT specialists, product experts. Some of them have PhDs, many of them are directly connected with MIT. Dr. Yaniv Altshuler, co-founder and CEO, and Professor Alex Pentland, also a co-founder, both are MIT reserchers, developed theoretical base for the Endor protocol and Social Physics. They also have 8 advisors, top specialists at blockchain technology, data science, big data analytics, and many more. Endor established partnerships with those companies listed above and a number of others among which we’d name two companies connected to blockchain technology - Bancor and Enigma.
SummaryThe summary is short. A valuable idea, a top team, a strong and weighed vision, a working product, a number of huge enterprise clients. The only thing to pay attention is a lack of information regarding the token and its distribution, but we are sure they’ll do everything better than we expect.
A very strong project bringing the idea of affordable predictive analytics to enterprises and masses. Just ask any question!
