Streamr Partners with Daisy AI and CRYPTICS to Enhance Global Market Predictions
After identifying the benefits of having a decentralized marketplace model for secure and transparent information, Daisy AI has finally decided to team up with Streamr to purchase data officially.
Streamr, an open source platform for the free and fair exchange of real-time data, formally declared its partnership with the Daisy AI, a Japan-based firm.
Daisy AI established that it would be using Streamr (DATA) as the primary data provider to acquire data from the Streamr Marketplace entirely.
Daisy AI can use the data for a wide range of purposes such as forecasting cryptocurrency and stock prices, economic insights, footfall, and traffic.
Daisy AI is a project from the leading AI Research Institution in the University of Tokyo. The project intends to deal with the problem of low accuracy, currently experienced in the field of forecasting by applying blockchain technology.
Benefits of the Streamr –Daisy AI Collaboration
Through this alliance, Streamr’s intensive data will help Daisy AI nurture and develop a network of increased accuracy.
By leveraging the data offered by Streamr Marketplace, Daisy AI will be in a position to provide valuable information to their users. The information is crucial in promoting and ensuring the highest level of accuracy.
The data used by Daisy AI is essential in the forecasting of meaningful metrics like prices and economic data.
According to Shohei Ohsawa, the CEO of Daisy, partnering with Streamr has helped to achieve a significant milestone in using decentralized technology to augment the forecasting of extensively-used data.
Streamr Data Marketplace has also partnered with CRYPTICS to sell data that will enhance global cryptocurrency market predictions.
The CRYPTICS marketplace, which solely focuses on artificial intelligence, will ensure that the beginners and expert investors have with them all the relevant information that pertains to decision making around trading cryptocurrencies and mining.
Immediate sentiment data through the Marketplace, in tandem with news portals, will be incorporated with the AI algorithm.
The Artificial Intelligence system will ensure that the data will be updated hourly. Hourly updates help to provide a four-hour prediction of cryptocurrency pairs.
The service offering will have both free and paid options. These alternatives will guide the investors to choose whichever is adequate for them
According to the CEO of Streamr, Henri Pihkala, partnering with innovative projects such as CRYPTICS and Daisy AI is an example of how AI expertise continues improving through new open data Marketplaces.