Gnosis is a decentralized prediction market built on the Ethereum protocol. Gnosis provides an open platform for people to predict the outcome of any event, greatly simplifying the process of creating custom prediction market applications. At the same time, Gnosis makes use of the features of blockchain trust machines and automatic execution of smart contracts to allow players to enter the prediction market more flexibly and freely, bringing greater imagination to the prediction market. In the future, Gnosis participants will not even need to be natural persons. In the Internet of Things, the information collected by sensors can also be easily entered into the blockchain as an information asset to be bought and sold.
Project Highlights
Gnosis is built on Etruum, a next-generation blockchain protocol that supports advanced smart contracts. Etalum is censorship-resistant, globally available, and provides a transparent guarantee for the future operation of the platform. With Ethalum, we can eliminate middlemen and counterparty risk.
Scenarios
Prediction markets can be used to estimate prices, one potential use case is prediction markets for pre-auction art estimates. One use case for a financial markets application is demonetizing forecasts by securities research firms to get outside feedback on expected stock fundamentals. Allowing trading based on a wide variety of stock fundamentals is a potentially truly transformative development for financial markets as a whole, promising a more efficient and less volatile market.
