Charles Hoskinson-Backed Prediction Service Launches, Offers ERC-20 Token Price Insights


0

Predictive analytics firm Endor has launched a blockchain-powered tool allowing businesses and cryptocurrency holders to ask and answer questions based on big data. The company confirmed the launch in a press release provided to Cointelegraph on April 4.

Endor, founded by two MIT researchers, has offered enterprise prediction solutions since 2014. Today’s announcement reports on the newly added Endor Protocol, which will leverage artificial intelligence (AI) to analyze data sets.

In addition to business strategy, the protocol will also be able to offer insights into areas such as ERC-20 token performance, executives say, including likely price and volume behavior.

The protocol has its own token, EDR, which has circulated since June 2018, several months after Endor completed its initial coin offering (ICO).

Endor’s product has the ability to analyze encrypted data without decrypting it, a feature the company says helps bolster user data security.

In February, Endor hired Ethereum (ETH) co-founder Charles Hoskinson as an advisor prior to the rollout.

“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,” he said about the protocol launch.

At the end of March, fellow predictive startup Numerai announced that they raised $11 million in an ICO, which will go towards hiring engineers for their decentralized unit Erasure. Erasure will operate by enabling users to sell their predictions to any investment fund in the public network.


Like it? Share with your friends!

0

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
COINTELEGRAPH

Choose A Format
Story
Formatted Text with Embeds and Visuals
Video
Youtube, Vimeo or Vine Embeds
List
The Classic Internet Listicles
Open List
Submit your own item and vote up for the best submission
Countdown
The Classic Internet Countdowns
Poll
Voting to make decisions or determine opinions
Ranked List
Upvote or downvote to decide the best list item
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Meme
Upload your own images to make custom memes
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format