Oddup, the global leader in startup and investment insights, recently announced the partnership of its upcoming product Alluva with Refinitiv. This is the second partnership between the two companies, which had previously come together for the Eikon App.
The Eikon App provides license holders with data on startups, regions, industries, and investors. Alluva will soon be integrated into the Eikon app to increase data coverage and offer insights and analyses on cryptocurrencies as well as ICOs and STOs.
The Lead-up To The Partnership
The partnership between Alluva and Refinitiv was the result of the increased need for accurate and unbiased cryptocurrency data that covered a wider range of coins that are currently available in the market. While leading coins garner immense attention from crypto enthusiasts, information on altcoins is limited, consequently limiting the investment that can be made in high-potential projects lying behind such coins.
This is the very problem that Alluva aims to solve, as iterated by James Giancotti, the Lead at Alluva, who said,
“Today, crypto-assets, digital ledger technologies, the blockchain, and virtual currencies have made themselves integral to the investment sector. What is lacking is clarity and transparency, fair and unbiased evaluations of cryptocurrencies and ICOs, and emphasis on the right blockchain projects amongst the options becoming visible. Alluva’s insights will solve these problems, improve mass adoption of cryptocurrency, and enable blockchain technology growth.”
The aim of the partnership is to make cryptocurrency data, in the detail and extent that is required, available to Eikon users, so as to further improve mass adoption of digital assets for institutional investment.
Speaking on the matter, Leon Saunders Calvert, Head of Capital Markets and Advisory at Refinitiv, said,
“It is an exciting time for corporate capital raising as non-traditional forms of security issuance come to market, specifically those which service the underrepresented SME space, which includes Initial Coin Offerings [ICOs] and Security Token Offerings [STOs]. We are delighted to partner with Oddup, with whom we have a long-standing partnership associated to rating startups in Asia, in order to provide more data transparency around issuance that utilizes digital ledger technologies and ratings for cryptocurrencies.”
When speaking about why Refinitiv determined to utilize Alluva, as driven by Oddup, for its data needs, Giancotti said,
“Oddup has always been consistent in improving the investment landscape through products, services, insights, and analyses that matter. That is what led to our partnership with Refinitiv.”
Alluva: How It Works And Integration Into Eikon
Alluva is a blockchain-based product that tracks and generates sentiment data from millions of users and crypto assets to provide actionable research and data.
Alluva works by utilizing inputs from the community at large and applying a proprietary algorithm to this information. Driven by the tech team that developed Oddup’s proprietary rating system, the formula assures that data output remains unbiased and accurately indicates community sentiment.
This will allow investors to identify projects with high return potential. Development of Alluva is underway and, according to the proposed roadmap, will be integrated into the Eikon app in the second quarter of 2019.
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