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4.
The platform utilizes Blockchain technology and virtual reality…
Matryx utilizes smart contract systems (via Blockchain) to create bounties and incentivize solutions. Problems are posted, along with a bounty for a verified solution, so that users can collaborate to solve problems, share results, and earn a reward for contributing. All submissions are then added to the library and marketplace for future purchase via MTX tokens. By using a token, Matryx can support ongoing upgrades, and platform features and improvements, as user demands dictate.
Smart contracts also reduce the friction of tracking and compensating contributors. In each round of a bounty competition, as winners are rewarded, an iteration of a given solution is managed by tournament contracts. The provenance of an idea or work can be easily tracked, and can be rewarded fairly and publicly.
Image: Matryx.ai
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