What is Endor Protocol?
Endor protocol is a predictive services company designed for widescale use by businesses of any size, and eventually individuals. It uses the Ethereum-based EDR token as its native currency. The goal of the Endor Protocol is to make artificial intelligence predictions become useful and accessible to all by providing automated, accurate predictions in a timely matter, with no data science expertise required by the user. Primarily, it takes the approach of measuring signals of human behavior to form predictive opinions about the volatility of cryptocurrency in order to help its users minimize losses incurred during cryptocurrency transactions. In short, Endor is using a science called “social physics” to provide better predictive analytics to businesses, as well as to individuals.
History of Endor Protocol
Endor.com was formed in 2014 and is a company that provides predictive services to retail giants such as Walmart and Hallmark in order to help them manage logistics and forecast demand for supply of given items. The Endor Coin Protocol was initially co-founded in 2018 by MIT professor Alex Pentland, as well as Dr. Yaniv Altshuler, COO Inbal Tirosh and CPO Stav Grinshpon. The enterprise protocol has already been successfully tested and used by numerous Fortune 500 companies while commercially available product will be ready by the end of 2018. The token project was first announced to the public in February 2018 and the ICO, conducted a few months later, managed to raise $45 million. The EDR token went live for trading on June 1st, 2018.
How Endor Protocol Works
The development and functionality of the Endor Protocol is based on the idea of “social physics,” which is the science of understanding how people come together to develop “wisdom of the crowd” type predictions and ideas regarding the outcome of events, as measured through statistical means. AI, machine learning, and behavioral science are among the industries that stand to benefits from its services, all which can be purchasable using the platform-native EDR token. The Endor Protocol hopes to achieve success by combining its preexisting, patented software models with cryptocurrency and blockchain technology.
Why Endor Protocol?
As a platform-based token, EDR is the native currency for a proven business which is shown to provide many benefits, including:
Low cost predictive analysis. Companies or individuals looking for answers can potentially save thousands by using Endor’s software, instead of having to hire scientists to perform research and analysis for them.
MIT built. Software developed by Endor was designed by researchers and professors at the Massachusetts Institution of Technology, which has access to massive computing power, and is powered by MIT’s novel social physics technology.
Open source API. Developers can build predictive DApps and receive EDR tokens relative to their popularity.
Decentralized protocol. Because the results of Endor’s queries can be stored on the blockchain, their access can be provided in a trustless, tamper-free manner.
Accessible. Anyone who purchases EDR tokens can be granted permission to use Endor’s services, regardless of their location or profession, and their platform is built to suit individual and business needs alike.