Opiria ICO: Fearing The Rise Of Decentralized Data Management Solut...

Recently, we have been puzzled by the news that many social media network platforms are banning ICO related advertisements. Why would they want to give up a very lucrative source of income? Why don’t they just create more stringent approval criteria? These bans are not solely to protect their customer, but also to protect their business models from the rise of decentralized data management solutions. SNS platforms make hundreds of millions of dollars in revenue every year from selling user data to companies; and none of the proceeds are shared with the users who are generating the data. In addition, this is often done without the users knowledge or consent. Therefore, disruptive decentralized data management solutions like Opiria are a threat to the current social media networks business models.

Opiria is a decentralized solution which will gives consumers control over their data, as well as greater privacy and the ability to monetize their online activities. In turn, companies that rely on consumer data will have a marketplace for better quality data at a more competitive price using the Opiria Platform. This symbiotic relationship between consumer and company will flow through Opiria’s innovative blockchain infrastructure (via the Ethereum network); accessed via their smartly designed smartphone app. After users download the Opiria app, they will be able to receive rewards from companies that wish to purchase their data. Users will be paid in Opiria’s PDATA token which will be tradable and easily converted into fiat or rewards. Both users and companies can choose whom they would like to share their data with and participate in their campaigns.

Opiria is creating a win win ecosystem for both social media platform users and well as purchasers of data generated on SNS platforms. By doing so, users will experience great control over their data and a level of privacy achievable before. Current SNS platforms should be afraid. Opiria’s ICO is currently raising funds to further develop its’ platform for greater adoption. More details on the Opiria ICO can be found visiting the following links: