Endor - Predictions Accessible for all
Project Type: Platform
Project Description: A platform that predicts tendencies based on data patterns.
Token Symbol: EDR
Token Type: ERC20
ICO Date: Feb 19th, 2018 - Mar 14th, 2018 (ended)
Company: Endor Ltd.
Industry: Artificial Intelligence.
In the business world, enterprises orient an important portion of their annual budget in Research & Development of new opportunities in order to expand their field. Customer’s surveys, industry comparatives and social trends are few of the factors that companies take into consideration to compile useful information and properly offer a product/service that fulfills their market necessity. Nevertheless, the study of this information requires a considerable time if we take into account the insights and forecasts of future behaviors.
Endor; a spinoff from MIT, grabs the idea of becoming the first decision-making helper based on the predictions of patterns integrated in blockchain platform. An interesting concept where businessmen, entrepreneurs or any individual could obtain the answers to their concerns in minutes instead of weeks. The methodology of work results as follows: the individual uploads the data desired to be predicted without the necessity of being previously cleaned in the platform, it then analyzes the information, detects the patterns of each variable and according to the question requested, it provides the predictions and forecast.
The Request for Predictions (RFP) system will start to a relatively high cost, which is counterproductive to its proposal to be a full low cost alternative. Also, the platform is not focused on the predictions of a specific industry or topic, so it might not deliver updated high quality answers to all databases.
Because of the advantages that a Blockchain system provides, many developers are up for starting decentralized alternatives in certain industries, but in the Artificial Intelligence Industry only those who can build a feasible business model will success against the big tech’s companies.
The XXI century is characterized by its fast-changing tendencies due to the grand advances in technology, which let the information flow all over the world in just a few minutes. These advantages transform information into power. A valuable data allows enterprises to make better customer’s need-driven decisions in order to increase their revenues. Therefore, companies invest a considerable amount of these revenues to the investigation, collection, study and development of necessary data, however; they are having struggles with the accuracy and the time it takes to go through all the needed phases to get a final forecast about any factor. An oriented marketing campaign, product improvement or business expansion decision has to be done with an accurate forecast based on a valid management of data. Unfortunately, after many companies waited a long time for results, they realized their decision was failed.
For those small companies, entrepreneurs and individuals, it is very expensive and risky to get predictions regarding a specific topic. They are not able to afford the logistics that this plan requires, or even less; acquire the machine learning alternatives that the centralized industry offers.
Social Physics is the new science technology invented by Endor’s founders, consisting in the study of human behavior through Big Data collection. Following the patterns that a certain database has and complemented with mathematical equations, this platform is capable to predict future crowd behaviors. Endor.coin platform emerges as a revolutionary idea based on “Social Physics”, which can predict in just minutes any questioning based on the accurate data provided to the system.
The platform comes with pre-defined predictions about crypto currencies, but through its Request For Predictions system (RFP) there is always the option to expand the catalogue of predictions that it offers. However, for those who have their database already collected and just want to get the predictions based on their information, there is an interface for self-serving, where users provide the data, the platform “studies” it and express the results according to the questions. The data provided would not necessary be pre-coded or “cleaned”, saving time and effort to the provider and being a full automatically blockchain-based system. The data’s security is extremely high, that way it allows the platform to provide unbiased predictions without human’s handling.
EDR’s token will be the payment method whereby users can acquire more pre-defined predictions to expand their catalogue. Also, the data providers will be awarded with tokens, that way they could also request any of the Endor services. Self-serve users have to use this token to pay the cloud resources fee for the prediction of their data.
Team Key Members
Dr. Yaniv Altshuler
Dr. Altshuler is the CEO of Endor, and a research affiliate at the MIT Media Lab, where together with Prof. Pentland, he developed “Social Physics”; a new science that models crowds behavior. Prior to his position at MIT and the incorporation of Endor, Altshuler was a researcher at IBM, developing a novel optimization technique used to boost the performance of supercomputers. Active in Blockchain research since 2011, Dr. Altshuler has authored over 60 scientific papers and filed 15 patents.
Prof. Alex “Sandy” Pentland
Prof. Pentland is the director of the MIT Media Lab Entrepreneurship Program, as well as the MIT Connection Science and Human Dynamics labs. He is one of the world’s most-cited scientists, and was recently declared by Forbes as the “7th most powerful data scientists in the world” along with Google founders and the Chief Technical Officer of the United States. He is a founding member of advisory boards for Google, AT&T, Nissan, and the UN General Secretary. Prof. Pentland is a serial entrepreneur who has co-founded more than a dozen companies, as well as social enterprises such as the Data Transparency Lab, the Harvard- ODI-MIT DataPop Alliance and the Institute for Data Driven Design.
Mr. Grinshpon is a veteran tech-industry expert, with 18 years’ experience in product management in companies such as SAP and AT&T. Grinshpon is a world expert in cyber defense, serving 8 years as a technological leader at the Israeli 8200 Technological Unit. Grinshpon is the author of 3 patents focusing on data analytics, and headed the R&D activities at Endor.
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Endor’s competitors aim to lend transparent and secure human behavior predictions based on Blockchain. They have a specific target market, whereby their platforms are limited to only predict questions related to the market that they are focused on. This is not the case with Endor.coin, which is capable to predict multi-topics according to its user needs. In addition, Endor.coin’s platform does not process the information with the traditional machine learning methodology, but through a deep analysis of the big data, being the only one who has the capacity to show the predictions results in minutes. This statement is possible by the called “Social Physics” science, the new hypothesis that the Endor founders propose for the prediction of human behavior, depending of the patterns expressed in the database and enhanced by mathematical algorithms.
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