The hardest thing about solving decentralized data creation is known as “The Oracle Problem”. Since smart contracts are unable to communicate with external resources on their own, they rely on Oracles to provide it.
But introducing external sources into a decentralized environment is risky. To maintain the benefits of a decentralized network, smart contracts require verifiable and transparent data created in a minimally trusted way.
The UVP Smart Contract Platform provides tools for teams to crowdfund and launch independent Decentralized Data Creation Networks. By giving tools to entrepreneurs and developers UVP allows hundreds of communities to engage in solving the oracle problem.
Each DCN is represented by it’s own Work Token, enabling the crowdfunding of networks and customization of token economics.
DCN developers leverage UVP modules to quickly launch new oracles or DAPPS, or integrate modules into DAOs.
Network participants are incentivized to create and maintain consistent and correct data via a “Work market”.
Requesters post bounties, and repliers stake their certainty, ensuring all participants have skin in the game. A reputation weighted consensus mechanism determines correctness and distributes reward.
Data is made available to smart contracts running on any platform. (ETH, EOS etc), in a machine or human readable format.
Access data by either holding or spending network specific tokens.
Crowdsource insights from crypto asset analysts and traders
Financial data is valuable. An entrepreneurial team leverages UVP to launch a DCN that rewards analysts for reporting data related to a crypto-asset or ICO.