New Prediction Service Backed By Charles Hoskinson Has Been Recently Launched
Endor, a predictive analytics company has recently launched a blockchain system that allows businesses to ask and answer questions based on big data. The firm released the information on April 4 in a press release. The firm leverages artificial intelligence in order to analyze data.
Endor Releases New Blockchain Tool
Endor is a company that was founded by two MIT researchers and that is operating in the market since 2014. The firm offers enterprise prediction solutions and works with AI in order to analyze information and data.
The new recently released protocol will allow companies to offer insights about ERC-20 token performance, tokens, and more. It will be possible to analyze data such as price and volume, according to the executives.
In order to work, the protocol has released is own digital currency called EDR and that started working in June 2018. The firm was also able to complete an Initial Coin Offering (ICO) several months ago. With its product, it is possible to have better information about encrypted data without having to decrypt it. This will have a very important impact on user data security.
Hoskinson commented about it:
“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.”
Charles Hoskinson is currently working on Cardano trying to improve its network and increase the reach of the digital asset ADA.
According to data provided by CoinMarketCap, Endor Protocol (EDR) is the 175th largest digital asset with a market capitalization of $22.49 million and each EDR can be purchased for $0.03.