In the course of my quest for knowledge, I found out that the value of the data market is estimated to be worth over $3 trillion USD with an expected 10 fold increase by 2025. It is obvious that the stakes are high and great value lies in store for those who get in the data market. Many firms now use data in running their activities and witness significant difference in proceeds made.
It is very true that data allows companies to have an in depth understanding of customer needs and consumer buying behaviour. This gives them clarity in knowing where and how to direct scarce resources in satisfying customers better at a profit level. Any business that utilizes data properly will succeed in business and will always be two steps ahead of competitors.
Data is usually acquired from people's actions, attitudes, behaviours, movements, preference and also interactions with the environment. Therefore it will be correct to say humans are the instruments of data collection. Though most often, data is collected without their consent. Sometimes, the data collected with the consent of providers is often used for different purposes or even sold without the knowledge of data providers. This is exploitative, unjust and highly unacceptable.
Today, the world is going digital in every aspect. Every nation is working tirelessly to implement the cashless policy, others are gearing on introducing their own digital currency. This is a clear sign that technology is being embraced and it is the right time to increase investment in blockchain and put in more effort towards the absolute implementation of the blockchain infrastructure.
I am very much aware of the fact that the Blockchain is a modern technology which is changing the world economy. It is a distributed database model that acts as a book to store and manage transactions. In other words, blockchain is a chain of blocks containing information (permanent records) which cannot be deleted, changed nor modified. It is a public ledger utterly open to everyone. Instead of using a central chain management element, blockchains use peer-to-peer networks which anyone can join.
Telecoin is an outstanding blockchain innovation I came across recently. TeleCoin is bringing a new easy to use cryptocurrency solution to the table. Isn't that wonderful? The TeleCoin team has built a digital currency that works on a highly secure network and ensures super fast transactions with zero tolerance for privacy invasion. From inception, the TeleCoin cryptocurrency will use the Proof of Work protocol till it hits the 1000th block where it will change over to the more efficient Proof of Stake consensus. In my opinion, the TeleCoin has great potential if the world can see and key in while its still early.
An amazing thing I discovered about TeleCoin is ;the TeleCoin ensures that digital risks are minimised and eliminated while user data footprints are well secured and kept away from theft or other exploitative tendencies. This is what most users crave for on any online platform. A platform they can always trust.
On the TeleCoin platform, security is given topmost priority, and everything necessary to achieve optimum security is put in place.
The TeleCoin decentralized blockchain is designed to also allow its holders enjoy a democratized ecosystem where they get to vote and decide on governance issues surrounding what should be implemented or not on its master node technology deployed to secure the system. Voting participation will give users a feel of true membership within the ecosystem and will strengthen user base community.
One major outstanding feat of the TeleCoin cryptocurrency is it is energy efficient built with superior privacy and security features. It is actually an advancement on the bitcoin blockchain that will improve Obfuscation, SwiftTX and MasterNode capability.
The TeleCoin team is aiming at contributing immensely to the growth of the decentralized blockchain and build a multi talented community that can help with developing ideas and solutions for TeleCoin adoption through updates and integrations.
TeleCoin is working towards pioneering a novel era in communication through the implementation of trusted encryption called the Tele-Fone and Tele-Fone mobile Application. This will cause a paradigm shift and will give telecommunications industry a makeover.
TeleCoin's primary intentions are to progress decentralized blockchain protocols and establish a diverse community. Being so, the base (followers, contributors and wider community) would support in developing more uses for TeleCoin. This way, adoption would naturally increase in the direction that would affect the most loyal users. But as a blockchain solutions provider TeleCoin is also committed to developing new uses for TeleCoin through updates and integrations. TeleCoin is totally committed to using the blockchain to birth solutions that can change the world for good. It truly is a revolution no one should be left out of.
You can be a part of the TeleCoin project by clicking the links below.
Web: https://www.telecoin.info/
Teegram: https://t.me/TelePlatform
Facebook: https://www.facebook.com/Telecoininfo/
Twitter: https://twitter.com/telecoincrypto
White paper: https://www.telecoin.info/wp-content/uploads/2018/11/Telecoin_Whitepaper.pdf
Bounty0x username: Donrep09