PTRN, emerging from the PATHEARN ecosystem, has announced its ambitious plans to revolutionize the digital economy by leveraging AI computer vision and blockchain technology. By becoming the world's currency for location data, PTRN aims to address the global shortage of data, which is considered the fuel for the future digital economy. This initiative is poised to significantly impact the $100 billion data and analytics market.
The scarcity and monopolization of real-world data by large corporations have long been a challenge for businesses worldwide. PTRN seeks to democratize data access by creating the world's richest distributed geolocation database. This database aims to fuel statistical and AI-based algorithms, ultimately transforming the Earth into a better place for living.
PTRN's ecosystem utilizes a combination of Artificial Intelligence (AI), Internet of Things (IoT), and blockchain technologies to digitize and harvest real-world data. The initiative also addresses major industry issues such as the lack of reliable and up-to-date digital representations of the environment and fair compensation for data harvesters without compromising personal and private data.
The PTRN token, a crucial component of this ecosystem, is designed to serve two primary functions: as a store of value and a medium of exchange. Backed by data, PTRN tokens have a guaranteed minimum value, offering stability even in volatile markets. The tokens will facilitate the sale, purchase, and exchange of data on the PATHEARN platform.
The PTRN ecosystem encompasses various sectors including data collection, gaming, IT, and blockchain. Users can earn PTRN tokens by capturing location data, with the PATHEARN app being the first major contributor. Additionally, gaming serves as a supplementary source of location data within the app, boosting user engagement and motivation. In the IT sector, AI and machine learning models can acquire and utilize data through PTRN tokens, enhancing analytics and predictive services. The blockchain component ensures a secure and fair smart contracting ecosystem, enabling multiple business scenarios and stakeholders to coordinate interactions and exchange value.
PTRN has already established multiple relationships with different location data contributors, ensuring value for every verified data record. The PATHEARN infrastructure, both fixed and mobile, will continuously generate data, which will be available on the data marketplace. This continuous data generation will provide value in PTRN tokens, supporting further development, maintenance, and system support.
The PTRN token is already being utilized in various industries such as healthcare, retail, insurance, geolocation, marketing, AI training, and environmental care. The ecosystem is open to an unlimited number of contributors, further amplifying its potential impact.
As a result, PTRN stands to significantly influence the digital economy by making data more accessible, affordable, and transparent. This initiative could democratize data access, providing a level playing field for businesses and fostering innovation across multiple sectors.
