Crowd Sourced Wisdom
Based on Ethereum — The next generation blockchain network.
Speculate on anything with an easy-to-use prediction market.
Gnosis token auction starts on April 24th, 17:00:00 GMT.
THE HUNCH GAME
The Hunch Game is a gamified prediction market for celebrity and media gossip. It is our first foray into building apps on top of Gnosis. Hunch Game provides an example of a customized application built on Gnosis, and highlights the need for such interfaces. Although celebrity gossip is outside of our interest comfort zone, we feel that it is incredibly important to understand and cater to the needs of users outside of the crypto space. The Hunch Game is nearly ready and can be launched in the first half of 2017 as an example Gnosis app.
Prediction markets can be used for price discovery. One potential use case is a prediction market for pre-auction art valuation. We have received prediction market sourced data that such an application would be very useful for auction houses. These houses can save millions of dollars with prediction market insights into variables such as where to begin auction pricing, and how much profit to guarantee to sellers. We are excited to help facilitate information gathering applications for both traditional and new industries.
This financial markets questionnaire is the result of an ongoing collaboration with Wedbush Securities. The initial application is a non-monetized prediction market based feedback application for securities research firms to get outside feedback on expected stock fundamentals. We hope that later iterations of this application will open the door to a new generation of financial markets, allowing for trading on a wide variety of stock fundamentals. We believe that this is a development that could be truly transformational for financial markets in general: Having a continuous stream of information on fundamentals and more accurate models using conditional markets will hopefully result in more efficient markets and less volatility.
Sports betting is potentially a massive market opportunity for Gnosis. Traditionally underserved regions can be more effectively served with a decentralized platform and cryptocurrency on-ramps. Having an open platform with verifiable behavior introduces an incredible opportunity to bring a wide range of competing betting applications onto the same platform. On traditional platforms this proposition would be ludicrous, but decentralized platforms cannot change rules or offer preferential treatment, truly levelling the playing field. We can think of myriads of applications just like sports betting for which we would like to lower the barrier to entry for new competitors. Within the Gnosis framework we are aiming for a drop in cost by at least two orders of magnitude.
Gnosis will enable an evolution in the insurance market. Markets can be created for every event with uncertain outcome, while smart contracts can handle the policy. This disintermediates pricing and paperwork by crowdsourcing actuarial work and eliminating the need for costly middlemen. In addition, new forms of dynamic and micro-insurance products can be created using our infinitely flexible markets. We have created a mock up for a flight insurance app, and plan to pursue other opportunities in insurance.
Futarchy is market based governance. Instead of asking legislature, or a board, markets are created to aggregate the best possible decision information. We have implemented smart contracts for Futarchy, have received a DEV grant to research cryptoeconomic situations, and have created a mock up for a governance app. We are excited to offer Gnosis based governance solutions to other projects in the space, and to explore opportunities in corporate and state governance.
Gnosis is built on Ethereum, a next generation blockchain protocol enabling advanced smart contracts.
Ethereum is censorship resistant, globally available, and provides transparent guarantees about future operations of the platform. With Ethereum, we can eliminate middlemen and counterparty risk.
Co-founder of Ethereum,
Ethereum Chief Scientist.
Founder of ConsenSys,
Co-founder of Ethereum.
Founding Board Member Enterprise Ethereum Alliance
Founder and CEO of Smarkets (>$1.5B betting exchange).
Director of Capital Markets ConsenSys Enterprise, 15+ years financial markets experience, Co-founded hedge fund managing portfolio of life settlements.
Futarchy Inventor, LMSR Inventor, Associate professor of economics at George Mason University, Research associate at the Future of Humanity Institute of Oxford University.
Founder of the Eidoo Foundation, Senior strategist of Digital Identity Sa
Prediction market expert making conceptional design decisions.
Leads development and architectural design of Gnosis.
Advances strategy, communications, and business development.
Drives the development of backend and frontend forward.
Works closely with designers and is responsible for user-facing code.
Responsible for creative direction, works closely with ux and front end.
Designs and develops backend and frontend applications together with the development team.
Finds suitable models and algorithm implementations.
Dr. Friederike Ernst
Structures, organizes and directs company operations.
Decentralized Exchange Engineer and Futarchy Researcher.
The Reality Keys™ service provides automated and human-verified data designed to enable a new generation of automated, trust-free information services. We work together with Reality Keys on oracle standards and integrate Reality Keys into our Oracle Platform to enable anyone to easily create markets for any topic they like.
Wedbush Securities is a leading financial services and investment firm. Gnosis has partnered with WedBush to develop a capital market application.
Raiden Network is a proposed extension to Ethereum which scales-out asset transfer capacity. It's inspired by the Lightning Network which leverages off-chain asset transfers to carry out the vast majority of transactions. Our development team works closely together with the Raiden team to make Gnosis the first decentralized prediction market to scale to thousands of markets.