"It's a truly exciting breakthrough for our project and the data industry as a whole. It gives prospective data source vendors and data purchasers the opportunity to see how our platform is truly changing the data marketplace," said DataBlockChain.io CTO Jesse Brown. "We believe that this will demonstrate to our community just how committed we are to providing real and tangible value to the global data ecosystem."
DataBlockChain.io is a revolutionary data repository that stands to disrupt the way that companies and individuals gather premium data. Its product will democratize data, making it more readily available and less expensive than the current methods of data gathering and vetting. In doing so, clients can access specific data sets in a cost-effective and transparent way, collecting exactly what they need without paying for extraneous data.
The MVP is live for use from May 23, 2018 onward. The alpha version will allow for selection from 100+ million records out of a pool of an already existing 3+ billion records with valuable demographic and psychographic attributes being available for access in seconds. The data payment transaction will be conducted on the Blockchain in minutes in both an efficient and transparent manner.
Metamask will be used for the MVP to conduct transactions on the platform while using the Rinkeby Test Network to verify transactions. For the final version, DataBlockChain.io will implement its own browser-based DBC wallet that will allow for its own DBCC token and others to be stored and exchanged. In the MVP's current form, users can purchase data, download and sample it, see previous purchases and verify purchase transactions on the Blockchain.
DataBlockChain.io has provided tutorial videos on how to use the MVP, download and use Metamask and how to acquire test funds for the Rinkeby Test Network that the MVP will be running on.
DataBlockChain.io's Pre-Sale phase is set to begin on May 27 at 1:00 a.m. Eastern Standard Time (UTC -4).
How Does Data Blockchain Work?
Information firms are massive companies that specialize in selling data to other corporations, such as market analytics, customer testing, and much more. Data Blockchain is an ICO that is looking to break into this industry and change the way it operates by using the blockchain, as you may have guessed.
DataBlockchain icoThe added transparency of operating on the blockchain means that they will fundamentally change the way that the data market operates. Along with this technology, Data Blockchain will also make use of AI to source the data in the first place, making for a much more efficient process.
What Problem Does it Solve?
Data is too Expensive: Since data firms refuse to cooperate out of sheer mistrust, the cost of their information is severely inflated, which puts a drain on buying companies’ resources. Data Blockchain hopes to make their information available for a much more affordable price.
It is too Hard to Find Relevant Data: Since finding pertinent information with human beings can be a bit of a slow process, Data Blockchain’s use of AI is another one of their innovative practices.
ICO Information
Website: Here
White Paper: Read
Fundraising Goal: Soft cap: 10 million USD Hard cap: 50 million USD
Accepted Token: ETH
Bounty0x profile: jeremycole
Disclaimer: The information on this post was made for educational purposes only. If you do plan on investing in ICOs, then do so at your own risk.
Positives
AI Finds Data Faster than Ever: A data firm needs to be able to sift through large amounts of info and extrapolate what is required from it, and few things on this earth are better at doing that than computers. The use of AI allows Data Blockchain to improve their efficiency over other companies.
Blockchain Creates Transparency: At the moment, most data firms are hampered by the complete lack of trust that exists in the information industry, and the blockchain provides a solution to that. With the added transparency of this technology, firms will have no choice but to cooperate or to sink alone.
The democratization of Data: Instead of only the filthy rich being able to afford information, Data Blockchain hopes to make it slightly more accessible to smaller companies and even individuals who need it. Instead of the ultra-competitive market that exists in the info industry today, Data Blockchains advanced may be able to open it up a little bit.
Negatives
Large Investment: A massive undertaking like Data Blockchain may look incredibly promising, but they always have to be careful that they don’t crumble under their own weight. Ambitious projects like these need to be able to rake in investments as soon as possible, because they will burn through their startup capital quickly.
Website: https://www.dbc.io/
Whitepaper: https://www.dbc.io/pdf/whitepaper.pdf
Bounty thread: https://bitcointalk.org/index.php?topic=3637821.0
Author:
Bitcointalk Username: vancuongdbj
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1667647
Telegram: https://t.me/vancuongdbj