Currently, there are a large number of online and offline services, such as insurance, credit, medicine and others. The inevitable stage of interaction with these companies is the transfer of personal user data to companies providing services. Often these data are strictly confidential: bank account number, patient’s medical history, addresses and telephone numbers, names of loved ones, passwords. Unfortunately, the client cannot always be confident in the safe storage and fair use of this information.
In addition, there are frequent cases when companies resell the personal data of users to third parties who use them for marketing research, etc. In addition to personal data, we are talking about the results of intellectual activity, such as articles, photos, videos, etc.
As a result, a situation arises where user data at any time may be in unreliable hands. First, the user may become a victim of losing their data, transferring them to third parties. Secondly, although it is quite obvious that all personal data is the indisputable property of a person, the company receives the greatest benefit from this information. A rather strange situation, isn't it?
The presence of such serious problems in the data market inspired developers to create a project.
WHAT IS DATAXCHAIN
DataXchain is a blockchain platform for decentralized data trading. According to the company's plan, decentralization will help create a new form of data exchange, in which the full rights to their own information belong to the person himself, and not to corporations, as is happening now.
All transactions within the platform are carried out through DXCT tokens followed by recording in the blockchain, necessary to confirm the fact of data transfer.
As a result, each user will be able to create their own information assets and receive dividends from their sale. In other words, the mission of the platform is to create a fair system for the sale of data, as well as to protect the rights of ownership of personal information.
ECOSYSTEM DATAXCHAIN
The main parties involved in the ecosystem are the owners of personal data, users of this data, as well as participants (wholesale buyers of data) of the platform. Each of these counterparties gets its benefit from participating in DataXchain.
- Owners of information. This is any user who puts the results of their own intellectual activity for sale, or their personal data.
- Users of the data. These are individuals, legal entities, or public organizations, government agencies that use user data for their own legitimate purposes.
- Platform users. The main task of this party is to create a significant turnover of data trade. They will purchase large amounts of data in bulk and then resell them in small batches.
PROJECT BENEFITS
- Friendly interface that allows you to easily carry out the necessary operations of any of the parties.
- The use of artificial intelligence technology allows you to effectively catalog all incoming data and combine them between the seller and the buyer.
- The possibility of simultaneous processing of a large number of operations, as well as connecting to an ecosystem of third-party open source services.
- Full security of the data transfer process due to the smart contract.
- Stability and stability of the system thanks to the flexible software architecture DataXchain.
HOW DATAXCHAIN EARNS
The main source of income of the platform is the fee charged at the time of the transaction between the owner of the information and the user of the data. In this case, the commission is divided as follows: half is poisoned in DataXchain and is necessary to finance the functioning of the company; the second half goes to the Tobelet Foundation and is used to maximize DataXchain, for charity and other purposes.
SUMMARIZE
DataXchain is a unique project aimed at preserving intellectual property. Using the DataXchain platform, you achieve two goals at the same time: securely store your data and do not worry about their security, and also have the opportunity to make a contribution to various charity projects. With DataXchain, you no longer have to worry about your privacy!
ABOUT ICO
Token: DXCT
Price: 1 DXCT = 0.06 USD
Platform: Ethereum
Accepting: BTC, ETH, Fiat
Country: Singapore
USEFUL LINKS
Official website: http://dataxchain.org/ico/main
Whitepaper: http://dataxchain.org/ico/files/DataXchain_whitepaper_en.pdf
Telegram: https://t.me/DataXchain
Twitter: https://twitter.com/DataXchain
Facebook: https://www.facebook.com/DataXchain
Author:
Bitcointalk username: Troma666
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1938095
ETH wallet address: 0xda40436e25Db4242cb51ACaD19242C7762371234