Many great things were derived from thinking outside of the box, so that is probably how BCG chain platform came to a realization. Imagine if you had all the needed tools in order to predict certain outcomes in the future: now imagine that you are able to use these tools for various business purposes, investing and even betting on any event that you can think of. This could all be made possible with not so known BCG blockchain decentralized market for predictions. Thinking outside the blocks (all puns intended), we are interested in checking out whether BCG could truly help you predict a close or exact outcome of any given situation.
Everything You Need to Know about BCG Platform
If we specifically take the crypto market for an example, talking about investing in digital assets, we can never be sure with full certainty what is the right time for investing, when it’s the time to sell, and when should we buy, and what?
These are all questions that surface up due to the fact that it is pretty difficult for our brain to predict an outcome of a situation that is not in our control. However, BCG created a platform that holds a potential of resolving this issue, providing all needed tools in order for its users to be able to predict the most certain outcome of any given situation.
You might think, how predicting the future of a certain situation could be possible, and luckily BCG has explained this “phenomenon” in their official whitepaper.
Apparently, BCG works similarly to the way stock markets do, so just as the traders are guessing the best price of a given asset while trying to buy it or sell it at the best price BCG works in a way that allows the participants on the network to join any of the given prediction sessions, or start their own.
But, how exactly are these predictions being submitted and processed?
As a user of the BCG prediction ecosystem, you are allowed to start with any prediction that you have in mind, so other people can join the prediction session as well, that way joining the guessing rounds and allowing the system to calculate the probability of the provided information, based on all the data it has been given by the users.
What you are investing in BCG this way is your free time and your prediction. When blended with presumptions and information provided by other users, BCG is corresponding in a way of providing information for possible future outcomes based on the provided info.
What BCG does during the process of calculating the probabilities of any events and cases, is summing up the collective knowledge that is originally being submitted in form of predictions, so that the system could generate the most probable outcome, that way predicting the future in the most accurate way possible with the currently developed technology.
The technology of predicting is backed up by the use of smart contracts and decentralized environment, while the entire system is based on blockchain technology.
BCG expects to be able to bring reforms to the industries of the lottery, agriculture, business, financial industry, insurance, sports, security, and information.
To make this possible, BCG went further from pitching the idea of predicting future outcomes with blockchain technology, by creating tools that would hold the potential of enabling their goal.
BCG chain Tools for Prediction
BCG has officially released their official website and whitepaper to the public less than a year ago, in October 2017.
Since then, BCG didn’t get much media attention, however, this platform might hold a great potential for the above-mentioned industries as its system is able to provide a close prediction of the future related to any case by acquiring collective knowledge from their users, while providing correspondence to the collected knowledge in form of accurate predictions.
In order to be able to provide accurate predictions, the BCG team has also designed a couple of tools to fit the needs of prediction network.
That is how BCG has launched a game website called BC.Game, alongside with a digital wallet for BCG units, BCG digital currency exchange as well as releasing a chatting application with instant messaging features called Fastgram.
With this tools and with the protocols enables on the BCG platform, BCG is able to become a completely functional predictive market with the ability and the capability to perform accurate and near accurate calculations based on the collective knowledge of BCG users that are participating in the prediction sessions, that way showcasing yet another useful side of blockchain-based technology.