Published on July 20th, 2018 | by bitcoin0
New Silicon Valley startups goal is to become Wikipedia of Data
DIRT, a blockchain startup that plans to develop a trusted platform for structured data, has raised $3 million in a seed funding round.
DIRT is looking to create a protocol for crowdsourcing information using the Ethereum blockchain to organize the world’s data and make it freely accessible to everyone.
If the data is incorrect, anyone can challenge the data and earn tokens for identifying these inaccurate facts.
DIRT sees centralized data providers and companies exploring verticalized data on the blockchain as its primary competitors but competitors with obvious flaws.
The company believes that data marketplaces with existing data curation solutions come with scalability problems, untrusted moderators and more.