Augur is an open, global, self-sustaining platform for anyone from anywhere to create, monitor and participate in prediction markets about any topic. It can be considered an "Early Warning System...'', "Google Search..." or "Bloomberg Terminal for Event Forecasts" that harnesses the "Wisdom of Crowds'' ("collective intelligence'') via market incentives, "Long Tail'' dynamics and blockchain technology to securely generate a more accurate, robust and unfiltered array of dynamic event forecasts than any alternative can match. Prediction markets are widely considered the best forecasting tool. Augur is a decentralized, self-regulating, pseudonymous and autonomous platform for prediction markets without exposure to counterparty risk, principal-agent problems or central points of control, failure or censorship. No person is ever in direct control of someone else’s funds or in a position to single-handedly threaten the system’s integrity. The software is comprised of smart contracts perpetually deployed on a blockchain network, which enables applications deployed to be immune to local outages while benefiting from the entire community's security. All interactions with markets are communicated as database transactions between unique accounts powered by immutable software instructions.
Name CEO: Jack Peterson
Founded in: 2014
Company Twitter: https://twitter.com/AugurProject
Category: Blockchain / Bitcoin
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