After successfully completing functional testing and auditing of the smart contracts on the Polygon that help investors and market participants to mitigate the portfolio’s systematic risk using web 3.0 technology. They are ready to launch the most innovative Datathon this summer on Polygon testnet. 

The testnet will starts on Friday, April 15th, 2022.

PredictRAM has developed the decentralized finance (DeFi) Risk Management Network using an asset-backed synthetic protocol that allows for creating, settling, and trading of decentralized tokenized assets based on deep research 

PredictRAM launching on Polygon to help investors to mitigate risk by analyzing financial and economic events with the help of Predictive Analytics, Artificial Intelligence (AI), Machine Learning (ML), Collective intelligence (CI)models and it creates event-specific synthetic asset-backed tokens. Investors can hedge portfolios before any upcoming economic event to reduce the portfolio’s systematic risk.

One of the biggest challenges for hedging and risk management is high cost & latency in transactions. Polygon provides extremely fast transactions per second & low transaction fees simultaneously. Polygon is one of the most fascinating blockchain initiatives, focusing on interoperability and scale, two of the technology’s most widely cited difficulties. By providing an extensive set of tools for developers to design high-performance, high-scaling blockchain protocols, and dApps, the network has already exceeded its initial aim for Matic.

Increased Transaction Efficiency – Blockchain transactions can dramatically improve the efficiency of traditional settlements by reducing time and cost. Complex transactions can be automated via smart contracts, thereby reducing legal and operational costs and minimizing the risk of disputes.

Polygon ecosystem can improve the financial viability of impact investments in multiple ways. First, they can eliminate or mitigate significant project & portfolio-related risks, which would otherwise need to be priced in by investors. These risks include counterparty risk, data risk, liquidity risk, and some forms of political risk. The mitigation of these risks will result in a lower cost of financing, improving the overall bankability of projects. Second, the Polygon ecosystem can decrease transaction-related costs significantly. This is particularly a problem in the case of projects based in emerging or developing countries. Blockchain enables the frictionless transfer of value, eliminating most, and in some cases all, of the intermediaries needed to facilitate transactions.

Since they already deployed on Polygon, Currently covering all Indian stocks portfolios and hedging against 50 Indian economic parameters.

Next few weeks they are going to cover US economic events and a few months later will start with G20 countries’ economic events and markets.

About PredictRAM

PredictRAM is a collective intelligence platform that aids in analyzing economies and financial markets, enabling risk management prediction using a synthetic blockchain-based platform. Through the invention of synthetic tokens, they have substantially simplified trading decentralized derivatives.

PredictRAM DeFi is part of an ongoing incubation program by the Foundation For Innovation & Research in Science & Technology SIIC  (IIT Kanpur). Member of FICCI Startup program. Member of Internet and Mobile Association of India, (‘IAMAI’) Mobile 10X accelerator program.

The founding core team has extensive experience working with financial instruments thus enabling them to devise this unique selling proposition. Team financial analytics & coding knowledge came in handy, allowing him to digitize his thoughts.

About Polygon 

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 7000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.

Website | Twitter | Ecosystem Twitter | Developer Twitter | Enterprise Twitter | Studios Twitter | Telegram | Reddit | Discord | Instagram | Facebook | LinkedIn

DK Mobile: Genesis 300x250