Earlier this month, Numerai announced Erasure Quant. I think it has the potential to meaningfully impact how hedge funds work, so it's worth highlighting:
Quant is the first dapp built on Erasure (Numerai's protocol), which will launch later this year. The basic idea is simple: it's a stock picking tournament that allows you to make provable point-in-time stock predictions.
The fact that these are provable (meaning you can demonstrate you made the prediction in advance) is new. This is fucking rad! There is currently no good way to do this.....On that note, Erasure is just the first of many dapps that can be built on Erasure ––and while Numerai has its own hedge fund that will trade based on these signals, eventually this will become an open market for data and predictions.
2019-06-17 | Full Review