With such investors its worth to note this one especially that i feel it didnt have enough public eyes on it. Luckily theres enough time.
So before i describe the project let me make sure you get who Tim Draper is.
He has also invested in stuff like Skype, Hotmail ads and way more. Pretty much a great investor followed by loads of people.
Datawallet
Data is most valuable resource, currently you give it out for free and brokers resell it. All you get back is some access to email or website, while others make money on you withot uyour notice. Datawallet wil llet you choose what Data you sell, to whom and earny directly from it on blockchain.
By 2022, Data Brokers are expected to sell data worth $10,100 per American internet user per year, essentially absorbing around 19.2% of US household income.
The current data brokerage model also poses a severe risk for companies that rely on the data that they purchase: Data Brokers sell data that is either publicly available or licensed to them via third party agreements. On Facebook this data constitutes only around 7% of all data and encompasses largely demographic information. This Quality Problem leads to the supplied data sets lacking critical dimensions of information, thus leaving companies with insights that are highly generic and inaccurate.
Furthermore, data production by one single user is highly fragmented across multiple different platforms. However, there are no standardized identifiers that allow Data Brokers to link data from two separate sources to one specific user profile.
So any website will be able to add Datawallet API and then when you will be logging into ie Facebook or creating new Email you will know exactly what data of yours they will take and you wil lget paid for it. Its expected to get 1-3 USD per data with possibilitieso f even 100USD if the niche is very specific.
This way companies will get quality, real and updated information and people will be earning from what is theirs - data they own.
Datawallet leverages blockchain technology to deliver an uncompromisingly transparent personal data marketplace. Blockchain technology obviates the need for data providers to trust Datawallet or other third parties through the two pillars of the Datawallet 2.0 marketplace—encryption everywhere (EE) and the smart encrypted data contracts (SEDC).
ICO
Max Cap US$ 30MM
Total DXT created 750,000,000
Maximum Units of DXT Sold 250,000,000
Price Per DXT $0.18
Accepted Currencies Bitcoin, Bitcoin Cash, Ethereum
Token Sale Duration 30 days
It will be in January but currently you can get on whitelist https://tokensale.datawallet.com/ and do research
Whitepaper https://tokensale.datawallet.com/pdf/datawallet_whitepaper.pdf
Always do research before investing!
Longer writeup: http://fuk.io/datawallet-decentralized-data-exchange-backed-by-tim-draper/
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
 |
|---|