Delphy and Crowd-sourced Reviews
What do you do when you want to see what a new restaurant is like, or what a certain hotel is like? Well one thing you can do is look at what other people have said, because after all, if you enjoyed your experience, you naturally want to share how good it was. People are curious about what is new and popular. Sharing opinions with other people is one of the more reliable ways to finding out where to go. If you had a good experience with a particular business, you will tend to praise them online. Businesses thrive on this kind of communication and now the Internet has made it easier to spread the word.
One of the most popular platforms for spreading the word about businesses and services is Yelp. Yelp is a social networking site for giving opinions and reviews. Anyone who has an Internet connection can browse Yelp’s site. Yet, some believe crowd-sourced review sites have peaked.
This is where Delphy steps in and takes the torch. Delphy can improve this kind of service. For those who aren’t up to speed, Delphy is an open-source, decentralized, mobile prediction market. Delphy is built on Ethereum and uses market incentives to allow users to transparently communicate about the outcome of upcoming events. The decentralized platform makes it difficult to manipulate outcomes.
One of Delphy’s key characteristics is the incorporation of the ‘Wisdom of the Crowd’. This is the belief that large groups of people are collectively smarter than individual experts. Delphy hopes to use the ‘Wisdom of the Crowd’ on a decentralized prediction market to create the ultimate review of where the best place to eat is or which hotel has softer beds.
This method can be used for more than finding the best places to eat and stay. What if you wanted to know the top skills to learn in 2018? The possibilities for Delphy are endless.
About Delphy
A decentralized mobile platform for prediction markets.
Delphy is a decentralized, mobile prediction market platform built on Ethereum. The Delphy App is a light Ethereum node running on mobile devices.
Delphy uses market incentives to allow participants in a market to communicate, instantly and transparently, their wisdom regarding the outcome of upcoming events, effectively predicting the future. We designed Delphy from the start to be decentralized, which makes it difficult to manipulate prediction results.
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