Dentsu Group's Information Services International-Dentsu and the University of Tokyo have begun joint research on machine learning algorithms that extract data related to cryptocurrency market fluctuations from tweets posted on Twitter around the world.
According to Dentsu International Information Services, the joint research period is until the end of March 2019.The Izumi / Sakaji Laboratory of the Graduate School of Engineering will join the University of Tokyo to present the results as a research paper and consider application to areas other than virtual currency.
Although the cryptocurrency trading market continues to expand, there are many challenges for sound market formation, such as the lack of established common economic indicators like the conventional financial trading market.A reliable information distribution system is indispensable for users to trade with peace of mind.
For this reason, in joint research, we aim to develop a machine learning algorithm that can instantly extract and visualize posts that are presumed to be highly reliable from a huge number of tweets.
Izumi-Sakaji Laboratory's strength is the development of text mining methods in the financial field, and is engaged in research to analyze the factors of financial market fluctuations from text information.Information Services International-Dentsu has started a demonstration experiment of a trend information service for virtual currencies since July.
By bringing their respective knowledge together, the two companies will be able to identify high-quality influencers from the boulder-mixed tweets that are overflowing all over the world, and hope to create a system that anyone can refer to the market trends they are paying attention to.
