The science has various predictive models following various methods and applications: one is through the statistics and the mathematical models and second is through the machine learning and the data mining methods.
In the recent times, there is another method called the “Social analysis”. The market creates the incentives by pooling the various experiences and wisdom to help make the decisions and create a group of experts.
Predication markets can have several characteristics. They include: effective collection of diverse information, Real time information updates. The markets are widely used in various sectors of finance, healthcare, sports and public management.
The Prediction Mechanism
Delphy is based on the Ethereum smart contract. This Blockchain technology enables the Ethereum wallets and exchanges to interact with varieties of tokens. Delphy tokens can be purchased with digital tokens like Bitcoin and Ethereum.
The users can create any event, form the group and start the logical prediction of the event. For example, user can create an event “Will German Football team defend the championship in the upcoming FIFA worldcup?” The user needs to submit the detail description of the event. The event is then thoroughly analysed by the participants. The outcome can be any of the three types: Binary, list and the range.
Once the prediction platform is opened, the users start voting to their prediction of the event. The user needs to have the loss limit for his account. In case of loss, the user needs to have sufficient balance in their account. Higher the loss limit, higher is the risk of losing the amount. If the user manages to win, then the rewards are also higher.
Swarm is the decentralized file management system which helps in storing the static files. The prediction market helps in providing the distributed storage for the Delphy mobile applications.
Oracle is the information release system for the outcome of events in Delphy. It displays the outcome based on the series of predictions. Oracle can be centralized as well as decentralized.
Delphy also provides filter for the users to customize the events according to their interests. Event filters will comply with the laws and regulations based on the demography of the users.
Delphy Applications
Delphy is a mobile platform for the prediction platform and sets the Prediction as a platform (PaaS). The users can participate in the transactions as well as the Delphy API and SDK. It can be applied in the fields of finance, sports and entertainment.
With increase in the standard of living, the people are showing increased interests in travelling and tourists activities. The Delphy app also shows for the interest based on the activities of the users.
Delphy is also finding its application in the real estate markets. Delphy shows the prices of the housing in the hotspot areas of the major cities and also projects the pricing in the near future based on the population density and demand of the housing properties in a particular area.
The Team and the Roadmap
The team comprises of Bo wang, its founder and a set of experts in the blockchain and computer fields. The roadmap of Delphy includes providing API and SDK. It includes deploying the Delphy pilot run. By the end of 2018, Delphy will be developing the decentralized storage index and KYC.
For more details visit:
Website : http://delphy.org/en/
Whitepaper : http://delphy.org/en/delphy_whitepaper.pdf
Twitter : https://twitter.com/Delphy_org
Published By: karanj
Btalk profile:https://bitcointalk.org/index.php?action=profile;u=1030341