In our last category, we'd like to invite developers to create prediction market applications that integrate into other existing blockchain projects. We see great application possibilities for prediction markets in the existing blockchain space, and expect to see even more in the future as the ecosystem will keep growing in the coming years.
One use case we're currently working on is the incorporation of prediction markets within Propy. Propy is a global real estate store, allowing buyers, sellers, and all other parties to come together through blockchain smart contracts. With Propy integrating a Gnosis prediction market, users will be able to predict future real estate prices, and hence give investors never-before-seen insight into real estate market prices to ensure they're entering the market at the most opportune moment.
We're also in the process of building out a prediction market integration with Frontier, a decentralized token research platform. Frontier is part of the Brooklyn project and aims to to produce premium quality fundamental analysis for the token market, while employing innovative token models to ensure transparency and accountability for fund managers and analysts. They could leverage Gnosis prediction markets in order to track analysts' calls and generate research signals around token-based projects.
Another great blockchain project integration for prediction markets is Aragon, a project that aims to disintermediate the creation and maintenance of organizational structures by using blockchain technology. Aragon is on a mission to empower people across the world to easily and securely manage their organizations. In the context of decentralized governance, prediction markets could be used to for decentralized decision making processes, such as those handled by the Aragon Network Jurisdiction Decentralized Court. All issues that are not accounted for in the smart contract code are solved by Aragon's Decentralized Court. If the applicant is ever unsatisfied with the ruling of the Decentralized Court, they have the option to elevate the issue to the next realm. This means that they would use a prediction market were all the Judges of the Network can participate, providing the applicant with a much larger audience assessing the Court's ruling. The judges would then review the rules and materials, and vote on their judgement.
We believe that prediction markets will be an important tool for the blockchain space, and we can't wait to see which integration examples you can come up with that connect promising blockchain projects to the power of prediction markets.
Joseph is the co-founder of Ethereum and founder of ConsenSys. He has a background in Electrical Engineering and Computer Science from Princeton University and research experience in the field of Robotics Learning.
ALEX VAN DE SANDE
Alex Van de Sande is the lead designer for the Ethereum Foundation. He is working on the Mist browser focusing on all parts that interface with end users.
Martin Köppelmann, Stefan George, and the Gnosis team will evaluate submissions.