Creating complete data chains
Major economic indicators are estimations based on samples. The technology necessary to generate them in real-time using actual, high-granularity data has been available for over a decade. Now, with the connectivity of the smartphone and the smart contracts and ledgers of the blockchain, all major indicators - including GDP, GNP and Balance of trade, sector lending and turnover, inflation and unemployment - we can transform our societies.
A supplementary info source
The argument is that two individually derived and unbiased indicators improve decisions. Assume that national statistics measures inflation at 2.4% based on a 1% sample of vendors and products/services. Our inflation rate, based on a 25% crowdsourced sample of vendors and products/services, says 3.2%. Is the supplementary information beneficial to your decision? We believe this ability will benefit anything from start-ups to governments.
A user-driven environment
The platform architecture is open source so that anyone can add to it. That includes data, models, visualizations, feeds and user interfaces. We provide the framework and the data exchange where sources and consumers can trade; users then develop the platform forward and adapt to own needs. The data environment proposed is that of a community that consists of individuals and organizations that choose to cooperate for the mutual benefit of both.
As platform sources, model builders and expansion developers set their own prices and terms using the smart contract environment, supply and demand will eventually balance. This environment reduces our operating expenses considerably and that gain is distributed evenly among eventual token holders. The end objective is to establish a self-maintaining, continuously developing and decentralized data environment.