Mosaic network will reward researchers with its own cryptocurrency

[Vicki Joseph]

NEW YORK (Reuters) - A group of academics and technology experts launched a blockchain-powered network that will reward quality research with its own cryptocurrency called Mosaic.

Mosaic, the decentralized network, aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis, said Garrick Hileman, the project's co-founder and chief executive officer told Reuters on Tuesday.

"I've been involved in the blockchain research community since its genesis and the dearth of quality research available at a time of such explosive industry growth is alarming," said Hileman, who is also a cryptocurrency researcher at the University of Cambridge in the United Kingdom.

Bitcoin , ethereum, ripple and other digital currencies have grown in use and popularity but have drawbacks such as volatility and not being backed by a central bank.

The group is selling its own digital currency privately before launching the platform. Hileman said the Mosaic team has not decided on the amount to be raised from the token offering.

"We're basically producers of high-quality research, information, and data and we come together in that marketplace with the consumers of that data," Hileman said.

"And for a variety of reasons, the token will help facilitate the interactions within the community on this network."

The platform will reward researchers with native tokens when they contribute to the network, Mosaic said in a statement. The reward will depend on the quality of work submitted and the sentiment of network members to it. Accessing the research will cost Mosaic tokens.

For researchers or analysts to contribute to the Mosaic platform, they will have to disclose their personal and professional affiliations with cryptoasset holdings so that research is not fueled by personal gain.

If you have any questions join here-https://t.me/mosaicnetwork

 

[Vicki Joseph]

Blockchain company Mosaic is developing a new platform to help investors better understand the value of cryptoassets.

Traditional equity metrics don’t apply to cryptoassets according to former equity research analyst, now Mosaic founder and head of research Dr Garrick Hileman.

“These networks, these platforms have new economic incentives and new value creation activities, and we’re really only just starting to learn how these work and can be valued,” said Dr. Hileman.

The Blockchain-powered research network is creating a methodology they believe will help people better evaluate a crypto-project or platform.

“Data such as the level of transaction activity, the size of the infrastructure supporting the project across wallets, exchanges and other platforms are all important indicators. The easier a platform is to use, generally the greater its utility,” said Dr Hileman.

Mosaic is building a data, research and information platform that’s trying to solve one of the biggest problems in crypto – the lack of reliable research about different cryptoassets.

The research platform gives users access to high quality data, enabling users to better assess whether a project is over or undervalued.

“That’s a big part of understand which of these projects are succeeding and which ones may be struggling,” said Dr Hileman.

The Blockchain platform will reward its community of vetted researchers with native tokens, the amount dependant on the quality of work and community sentiment.

The Mosaic platform includes data from social networks, data feeds, portfolio tracker and serves as a valuable resource for traders, institutions, funds, and enterprises looking to enter the market.

“It takes a lot of work to create great data and from great data you can have great research,” said Dr Hileman.

“Despite growing demand from enterprises, blue-chips and institutional investors, there is still a concerning lack of access to accurate, valid research material in the cryptoasset network,” he said.

Mosaic’s goal is to bring more transparency and quality control to research and analysis via the network’s analyst vetting process and world-first market intelligence protocols.