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Numeraire is an Ethereum-based blockchain platform that allows data scientists to predict financial models by providing encrypted data. By combining the power of machine learning, AI technology, data science, and cryptography, Numeraire builds an optimal economic model without sacrificing data security.

Founded in late 2015 in San Francisco, Numerai was the first hedge fund to launch a cryptocurrency into the market, allowing users to protect their portfolios from market volatility while generating positive returns in both up and down markets. However, unlike traditional hedge funds, Numerai creates a hedge fund that requires the cooperation of data scientists to develop the system and get the most out of it.

The development team claims that Numeraire is the first hedge fund to use machine learning in its investment strategy. Numeraire aims to combine data science, machine learning, AI, and cryptography to incentivize scientists to predict financial models.