After the Associated Press reported today that President-elect Joe Biden defeated incumbent Donald Trump in the U.S. presidential race, the 174-year-old organization that has covered elections since 1848 later posted his talk about Ethereum and the EOS blockchain. … Result in at least one forecast result.

However, some are skeptical about the correctness of using such a conversation as evidence and raising broader questions about security and determinism in smart contract prediction markets.

On October 15, 2020, Everipedia, a commercial vocabulary and blockchain company, announced that it would provide signed data with cryptographic evidence confirming that the data came from APs to EOS and Ethereum using the infrastructure provided by Oracle’s Chainlink network.

Everipedia’s VP of Business Development David Liebowitz said in a press release: “We want to go down in history as the first to subscribe directly to AP, shout and publish to use the blockchain.

Following the announcement of YieldWars, the company launched its competitive agriculture and forecasting marketplace, Trump / Biden Forecast Market, using AP data as an Oracle tool. In just two days, the market has collected over $ 250,000 in games.

In an interview with Cointelegraph, the anonymous founder of YieldWars, Owl Everipedia’s collaboration with AP was a natural choice:

“When we looked more for an alternative (alternatives), it became clear that this was our best choice. You can say that AP is the most reliable media in the world, and as an anonymous project, we knew that people should trust us“ We need the primary source “.
Critics – many of whom seem to support Donald Trump’s claims that the election is not finalized – argued that the AP is not a sufficient step.

A Twitter user said:

“Be there. Lying on the blockchain, because truth is a dangerous path, it can continue to win, but recounts and litigation continue, so how can it be true on the blockchain. ”
Another user with the nickname “cryptualet” asked: “Can I also write on the blockchain that I am the boss now?”

However, Owl believes that racing markets and future predictions may offer a more powerful set of illusions and ideally addresses the following complaints:

“In the future, I represent as many illusions as the AP, and I expect to see that in the next elections. A set of reliable illusions for the settlement of markets should resolve almost all disputes. “

Source: CoinTelegraph