By utilizing the latest advancements in Artificial Intelligence, Edge Computing, Machine Learning, and imaging technologies, Elumicate is setting out to become the world’s largest decentralized outdoor capture network with the purpose of digitizing and sharing precise data pertaining to real world events in real time.
While the concept is not entirely new, applying it to gathering traffic data certainly is. One company who has been extremely successful using a very similar concept in a different market is Helium www.helium.com . Helium has over 500,000 devices deployed worldwide and many more on backorder with incredible area coverage.
The people own the network. The network will be fully decentralized and owned by all, yet owned by no single entity.
There will be 3 deployment phases.
During the first phase, participants don’t have to worry about setting up a device as we will be using public infrastructure that is already in place. Participants will use their PCs to capture events off these public cameras automatically.
The second phase will allow participants to setup their own cameras and use their PCs to perform the data mining.
The third phase will consist of the release of an all in one device that will eliminate the need to have a PC performing the mining operations.
Phase 2 and phase 3 devices can be mounted anywhere with a clear line of sight to the traffic source. This can be indoors or outdoors. There should be no significant obstructions in between the miner and the traffic area in order to track reliable data and earn maximum rewards.
The network is focused on outdoor and public data retrieval. As such, businesses dealing with the public may setup a device to track incoming and outgoing traffic entering or exiting their establishments. This may be done by having an indoor device pointing toward the entrance or exit of their establishments.
Traffic data pertaining to human activity. This includes pedestrians, bicycles, motorcycles, cars, trucks, and public transportation. All data is anonymously collected, meaning it can never be tracked to a specific individual.
There are many use cases revolving around cities, retail stores, restaurants, landlords, marketers, advertisers, and small businesses.
We take both privacy and security very seriously. The network is built using some of the most secure methods currently available and all data acquisition is done anonymously. No personal information or identifiers are kept.
Rewards are offered in the form of tokens. In order to receive tokens, a crypto wallet will need to be downloaded and a wallet address created. The address is then uploaded to the miner and rewards are automatically deposited to the wallet on a regular basis.
Rewards are based on the number of tracked events and locations with higher traffic will receive a higher percentage of the rewards. Buying a device early on and setting it up in a high traffic location will ensure the greatest rewards.
If you decide to cash out your tokens, you have the option to transfer your tokens to any wallet of your choosing and have that wallet’s owner pay you directly, or alternatively sell your tokens on a major crypto exchange platform.
The token’s value will be set by the open market. A major difference between the Elumicate token and many other crypto currencies is that our token is fully backed by the value of the collected data, which becomes more significant with every captured event.
The only way to get access to the accumulated data is to buy data credits, which can only be purchased with the Elumicate token. Tokens are converted into data credits and the credits are then used to access the data. As the quantity and popularity of the data set grows, so too does the need to acquire the token.
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It won’t be long now. Phase 1 is set to launch in the next few months. Sign up to our newsletter to be first and receive status updates!