Future Solutions

FORE Protocol facilitates the recording of real-world data to the blockchain across a myriad of sectors. It’s built on peer-to-peer technology to facilitate the transmission of this data in an entirely trustless way, without the need for a centralized third party. The protocol leverages smart contracts and a robust token economy to ensure a decentralized, trustless, and immutable payout of rewards to participants for productive activity. In this people-powered ecosystem, people are rewarded for submitting requests for data, data itself, and the validation of the data. Anyone can upload a request for data to the blockchain and will be rewarded for doing so upon successful validation of the request. Others can upload data to these requests and will be rewarded depending on the accuracy of this data. A decentralized network of validators performs the role of an oracle by confirming the validity of this data and uploading it to the blockchain, acting as the architects of the protocol.

FORE Protocol has created a tokenized incentive economy to mobilize, and reward, the wisdom of the crowd to problem-solve at scale. In doing so, FORE Protocol is utilizing a decentralized network of people to bridge the gap between the real world and the blockchain: forming the foundation for web3 solutions that remove friction from real-world industries such as prediction markets, data oracles, financial auditors, and more.

Applications built on the protocol are separated into two core architectures: applications leveraging the technology itself, and applications leveraging its output: the data recorded on-chain.