Endor, a spin-out that originally began at the Media Lab, has acquired $45 million in token pre-sales for its “blockchain-based predictive analytics technology” notes Reuters. “Endor’s platform allows users to key in questions and get predictions as answers. Its tokens can be spent by individuals and data owners to access predictions.”
Forbes contributor Joe McKendrick describes how blockchain applications “may eventually reach into every corner of the business, providing online, ‘smart contracts.’” McKendrick cites research from the Media Lab’s Senior Advisor for Blockchain Opportunities, Michael Casey, whose recent book highlights the World Food Program’s use of blockchain for food distribution.
Deepa Seetharaman of The Wall Street Journal speaks to Michael Casey, Senior Advisor for Blockchain Opportunities at the Digital Currency Initiative about new uses for blockchain and its potential to cut costs. “[B]ecause of all of this reconciliation, all of this multiple back-checking” Casey suggests that logistics and the financial sector are two areas that will benefit from blockchain technology.