- April 4, 2019
- Posted by: giancarlo
- Category: Posts
Predictive analytics firm Endor has launched a blockchain-based tool that allows businesses and crypto holders to both and ask and answer questions about big data. Endor confirmed this news in a press release earlier today.
Founded by two MIT researchers in 2014, Endor offers its own proprietary prediction solutions, and has been described as “Inventing the ‘Google’ for predictive analysis” according to their website. Their new blockchain-powered tool is called Ender Protocol, which will employ artificial intelligence (AI) to analyze data sets.
Per company executives, the protocol will be able to give insights into areas like ERC-20 token performance, including price and volume movements. The protocol also has its own token, EDR, which was released in June of last year, months after Endor completed its initial coin offering (ICO).
Endor’s new tool will have the ability to analyze encrypted data without actually decrypting it — a novel feature the company claims will strengthen user’s data security.
In February of this year, Endor hired Ethereum (ETH) co-founder Charles Hoskinson as an advisor. Said Hoskinson of the launch of Endor Protocol:
“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.”
Recently, fellow predictive solutions startup Numerai announced they had raised $11 million in an ICO, which will be used to hire engineers for their decentralized unit, Erasure. In a lengthy Medium post published in October of last year, Richard Craib argues that the Numeraire token will soon “become the cryptocurrency of the entire hedge fund industry.” Erasure, for its part, will enable users to sell their predictions to any investment firm in the network, and is called “an unstoppable decentralized data marketplace for predictions” — a lofty claim, but whichever company can corner the market on predictive data will be a colossal winner in the crypto space.