Eventum is the world's first decentralized platform where the truth is sourced from the
crowds and then automatically turned into a real-time API. Reporters get paid for what they
see and experience, while developers get any data they want more cheaply and realiably.
PROBLEM
We are creating new data at an exponential rate and by 2025, more than a quarter of data created in the global datasphere will be real-time in nature. Most of this data is never captured, let alone available in the form of a data feed (i.e. API), while existing APIs are often unreliable because they trust a single data source and are thus susceptible to a high rate of errors and failures.
SOLUTION
A decentralized platform where any information can be crowdsourced and automatically turned into a verified real-time data feed. Wisdom of crowds principle is used to determine the truth from multiple data sources (i.e. people reporting the data) instead of a single one, which removes the bias and single point of failure. This process is done in real-time by a decentralized network of reporting and validation nodes in the Eventum system. Asymmetrical cryptography and blockchain solutions - Ethereum, Swarm and Whisper - are also used to provide a secure and fair system with free market economics.
ARCHITECTURAL OVERVIEW
Eventum is a platform built on top of a decentralized network of reporting and validation nodes with blockchain as a court system. The platform consists of 3 layers: the core layer, the services layer and the application layer. Both the decentralized network of nodes, which provides the real-time speed, and blockchain, which provides the security and payment solution are tightly integrated into all 3 layers.
Validation Nodes
Validation nodes represent the core part of the decentralized Eventum network and are responsible for capturing the data, building the consensus and delivering the data to developers. Validation nodes earn fees for every data that is correctly processed, while also being involved in the governance of the system. They are required to stake a certain number of EVT tokens for the duration of the market they are validating and thus act as just-in-time masternodes. They are lightweight, and run efficiently on mobile devices.
TOKEN MODEL
Validation nodes earn fees for correctly capturing, processing and delivering data in Eventum tokens (EVT). Tokens are also used in staking mechanism, reputation system, disputes and governance. The increased usage of the system also increases the demand for the tokens
source by: https://eventum.network/Eventum-lightpaper.pdf
PROBLEM
We are creating new data at an exponential rate and by 2025, more than a quarter of data created in the global datasphere will be real-time in nature. Most of this data is never captured, let alone available in the form of a data feed (i.e. API), while existing APIs are often unreliable because they trust a single data source and are thus susceptible to a high rate of errors and failures.
SOLUTION
A decentralized platform where any information can be crowdsourced and automatically turned into a verified real-time data feed. Wisdom of crowds principle is used to determine the truth from multiple data sources (i.e. people reporting the data) instead of a single one, which removes the bias and single point of failure. This process is done in real-time by a decentralized network of reporting and validation nodes in the Eventum system. Asymmetrical cryptography and blockchain solutions - Ethereum, Swarm and Whisper - are also used to provide a secure and fair system with free market economics.
ARCHITECTURAL OVERVIEW
Eventum is a platform built on top of a decentralized network of reporting and validation nodes with blockchain as a court system. The platform consists of 3 layers: the core layer, the services layer and the application layer. Both the decentralized network of nodes, which provides the real-time speed, and blockchain, which provides the security and payment solution are tightly integrated into all 3 layers.
Validation Nodes
Validation nodes represent the core part of the decentralized Eventum network and are responsible for capturing the data, building the consensus and delivering the data to developers. Validation nodes earn fees for every data that is correctly processed, while also being involved in the governance of the system. They are required to stake a certain number of EVT tokens for the duration of the market they are validating and thus act as just-in-time masternodes. They are lightweight, and run efficiently on mobile devices.
TOKEN MODEL
Validation nodes earn fees for correctly capturing, processing and delivering data in Eventum tokens (EVT). Tokens are also used in staking mechanism, reputation system, disputes and governance. The increased usage of the system also increases the demand for the tokens
source by: https://eventum.network/Eventum-lightpaper.pdf
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