Selasa, 05 Desember 2017

How CrowdWiz Is Leveraging The Wisdom Of The Crowd

In 2014 American journalist James Surowiecki published the influential work “The Wisdom of the Crowds: Why the Many are Smarter than the Few”.

The main point of the book was that the aggregated wisdom of a crowd results in decisions which would be be better than any individual member of that group.
This book had important implications for investing. If the premise of the book was true, then even a gifted investors success could be enhanced by combining their insight with financial amateurs.
Until recently it has been challenging to put the “wisdom of the crowd” to the test. The reason for this is that in order to for the wisdom of the crowds to be effective. Surowiecki proposed that it must meet four key tenets. These are it must be:
  • Represent a diversity of opinion
  • Be decentralised
  • Be independent
  • And have a mechanism to aggregate these opinions
That situation might be about to change thanks to the introduction of Blockchain technology.
Blockchain technology is in fact perfect for delivering the kind of decentralised, independent and aggregated opinions that the wisdom of the crowds requires.
That insight has led an innovative new blockchain startup called CrowdWiz to create a next generation decentralised ecosystem built on the Ethereum blockchain. Powering that ecosystem will be the WIZ token.

Investors who want to test the wisdom of the crowds for themselves will be able to through the token sale that CrowdWiz is currently running for WIZ token.

How CrowdWiz Solves Traditional Problems With The Wisdom Of The Crowd

CrowdWiz will provide a decentralised ecosystem which gives one vote to each investor. This will help ensure that no one individual is able to get a disproportionate control over the decision making process. This is regardless of how many tokens that one individual may own.
Token holders will also be able to create their own investment groups. These can be designed to meet specific investor preferences. This will provide an overall direction to these groups.
Finally, because all of this will occur on the blockchain, it will be completely transparent to all participants. This should help to avoid the problem of conflicts of interest.

What Is the WIZ Token?

The WIZ token is used for three main purposes:
  • Voting & Escrow
  • Collateral for investments
  • Trading
The WIZ token is going to be made available for trading on a number of exchanges following the ICO.
WIZ token holders will be able to propose their own investment idea through the WizFund platform. These proposals can then be voted on by other WIZ token holders.
WIZ token holders will also be able to create their own crowds and raise funds for specific investment funds.
The WIZ token is an ERC 20 compatible token which is built on the Ethereum blockchain.

Details For WIZ Tokens

Total supply: 40 million WIZ tokens
Unsold tokens: burned at end of ICO
Token sale end date: 14 November 2017
Token sale website: https://crowdwiz.io/
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile



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