INSUBCONTINENT EXCLUSIVE:
The team behind Rlay believes that blockchain technology can play a crucial role in helping businesses crowdsource their data-gathering
tasks.Founder Michael Hirn said this is a problem he encountered while working with Sunstone Capital to develop a more quantitative approach
to venture capital, which meant pulling startup data from a wide variety of online sources
Berlin.There are other startups, like Dirt Protocol, offering blockchain-powered tools for data collection and verification
Rlay leverages the blockchain side of things to provide a mechanism for people to contribute data and be rewarded for their contributions
types of financial products
Obviously some ways are more robust than others and we outlined a very general and universal incentive mechanism in our whitepaper, but for
most of the applications that is a little bit to complex
So with Rlay, we will provide some templates in the future and certainly advice for certain ways when we work with a client, but Rlay just
gives a good interface to define these things very easily.Ultimately, this should allow companies to acquire the data they need at a lower
cost than going out and buying data sets or hiring their own data collection team
not aggregated or structured in a way that makes it easily accessible
In the ESG case, that means writing scripts to pull the data from the reports that many companies are already publishing
Ultimately, Rlay could move into collecting data from the physical world, as well.Goisser said the company is also developing various ways
