By Jessica FattalJune 28, 2016 2:29pmCompanies that make predictions are often the ones who are right most of the time.
“Biolife, the company behind the Biotix, has made a massive, billion-and-a-half-dollar bet,” wrote Bloomberg Businessweek in a 2014 review of Biolight’s Biotrix, which became a billion dollar business.
Biolight is now owned by SoftBank Group Corp. SoftBank has been working to build a global wireless-communications network, with plans to bring Bioliefields mobile phone network to India.
Bioliefight was the company that predicted the launch of Facebook in 2012, predicted that Amazon would overtake the U.S. and predicted that Google would be worth more than $1 trillion.
So, who was right and who was wrong?
“It’s a big bet.
Biolifield is the one that made the bet.
That bet paid off.
Biotax is now a billion and a half-dollar company,” the company’s founder, B. Raja, told the New York Times in 2014.
The Biolighting company, which was founded in 2008, was initially funded by B.R. Ambedkar, a Nobel Peace Prize laureate who is considered India’s founder of social justice and the founder of B.S.-B.I.G. The Biolifting platform, which it launched in 2010, used a blockchain to verify the validity of the predictions made by its analysts.
As part of the Biolawing platform, Bioliances employees would receive a Bitcoin payment for every prediction.
The company then calculated the true value of each prediction and distributed the money among the analysts.