Presearch launches beta of decentralized search engine

Oct. 30, 2017

Presearch has announced the beta launch of a decentralized, community-driven search engine built to disrupt the multibillion dollar internet search industry, according to a press release

Already in use since 2013 as an internal tool, Presearch will launch in beta Nov. 9. The solution will allow users to search multiple engines, including Amazon and Google, and be rewarded with PRE tokens.

Presearch ranking factors combine human curation with scalable machine learning, a contrast to manipulated algorithm-driven methods standard among today's industry giants, the release said.

By rewarding members for using, promoting, and contributing to the Presearch platform, the company aims create a scalable "Wikipedia for search" to discover the best content for each inquiry.

Curation and overall development of the platform is rewarded with the Presearch token, PRE. A community-based decision-making process ensures that the interests of all participants are aligned. The Presearch community can vote on and fund new development projects, continually optimizing the platform.

Presearch has generated more than $12 million in revenue from its ongoing token sale. Lot 5 of PRE tokens will be available to the public on Nov. 14, the release said.

Also, according to the release, Anthony Di Iorio, co-founder of Ethereum and founder of Jaxx, has joined the Presearch advisory board to help guide the development of the company's blockchain-based service.

"The power of blockchain technology lies in its real-world use cases, and Presearch demonstrates this with a compelling alternative to search engines run by global corporations," Di Iorio said in the release. "I look forward to using Presearch myself, and advocating for its growth in the blockchain community and beyond."

The advisory board also includes internet pioneer Rich Skrenta, who sold his search engine Blekko to IBM Watson; open-source search innovator Trey Grainger, senior vice president of engineering at Lucidworks; and technology lawyer Addison Cameron-Huff, whose experience includes work with the founding team of Ethereum.

Source:Read the official page


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