Eventum: Understanding The Power of Real-Time Data

Currently, we are living in the 21st century where data is considered as gold. To grow and survive, the modern industries need to be data driven and should have access to the real-time information, which often comes from external data feeds i.e APIs.
The problem is that we are surrounded by the enormous amount of data which cannot be captured and converted to a real-time API. Whether we are going to a movie, going for shopping, taking a selfie, reading the latest headlines, or even scrolling feeds of Facebook, we have to access a large amount of invaluable data which is never used and impossible to monetize.
Furthermore, the data which is available through the data feeds are often unverified and unrealistic, as it is dependent on the single data source which is vulnerable to a high rate of errors and failures. There are many notable examples around us like the fake news detection system, where it is next to impossible for detecting the new by a single human or an AI system.
Almost, all the existing real-world data APIs are fully controlled by a single company, which even has full control on the data and its price. In this way, a determined edge is included in the integrity, safety, and price of the data which cannot be guaranteed. This scenario creates a huge gap, where on the one side there are modern industries, under which there is a huge demand for a cheap and reliable data feed, and on the other side, there are millions of people who are significantly accessing these many data with no way of monetizing and providing it.
These many problems have the solution on the platform of 'Eventum'. The Eventum platform gather all the true and verified data from the data providers and then it is automatically turned into a real-time API.
Solution offered by Eventum
The Eventum is an extensible, open sourced platform integrated with an easy to use API interface and a flexible SDK. The developers in this platform get the data from the real world crowdsource with the surety of the data are true and verified. All the funds and data are stored and controlled by the authentication of the blockchain, without any interference from the 3rd party. Only, the price is controlled by the free market economy, which indicates that there is zero fees and margins on the price of data.
The Eventum system acts a connecting bridge between the developer and data providers. At first, the data providers access the important data, then they report it using an app to validate on the platform of Eventum. Then the work of validation node begins which completely verify the data, and further send the data to the developer in the form of real-time API. Then the developer locks the reward on the secured smart contract platform, which further gets split and is given to the data providers as per their work. Hence, the real-time nature of the APIs is incentivized.
The following are the benefits which are offered by the platform of Eventum
  1. Verified data gathering from the crowd sources.
  2. Integration of fair rules in the platform which offers free market economy with 0 fees and margins.
  3. The platform is very fast and secured with the blockchain encryption system.
  4. The platform is decentralized, which eliminated any type of interference which could be created by any third party.
ICO details for Eventum
The name of the token which is associated with the platform of Eventum is called Eventum tokens (EVT). There will be total 500,000,000 EVT tokens supply. The minimum target of the ICO is 1,159 ETH. The total target of the ICO is 18,539 ETH. The equivalent value of the token is 1 EVT= 0.00007416 ETH.
Token distribution:
Conclusion
In the present market, the data are considered as one of the important assets. Data should be true and verified, which is a very important factor for the people who are associated with the world of real-time data. Moreover, the platform of Eventum provides all the necessary functionality for the people to trust its platform and enjoy the immense benefit of real-world data feed.
Published by – Etheran

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