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Data and its usage have become a contemporary major issue for those seeking the information and those that have it to give for a monetary reward. The issues of data are very sensitive and must be handled with extreme caution. There are discrepancies in the data industry regarding usage. The issues are many and can be scaled down to lack of transparency in terms of transaction pathways and trust. The data industry is lacking a lot of transparency so both owners and users of data cannot be sure about the paths or sources of such data. Data holders cannot make a good valuation of their information that used by these industries for production purposes, research and many more. The owners of data find it difficult to know who is holding their information and how much they can gain from such information.
THE SOLUTION
There cannot be an any better way that transparency and traceability of sensitive information like personal data than the blockchain technology that we have now. Blockchain transactions are permanently recorded on the chain that cannot be erased by any other method hence it will allow both owners of data and users to trace the data. This will help data owners to know where their information has been sent to and who is holding such data. Data owners can also track any payments that are made through the chain on their data. In the same vein, the users of data can determine where the data they are getting comes from so as to determine the authenticity of those data that they are holding with them. All these will help to make users of data get real and authentic information that they need for the proper development of their products.
DATABLOCKCHAIN MAGIC AND THE MAGIC SIE
There is no company that can do this work better on the blockchain than Datablockchain.io project that has integrated various data platforms onto the blockchain technology so as to perform this task with greater efficiency. This is the first of its kind where our Smart Identification Engine(SIE) continuously searches and indexes all the data that is available from different data platform. This allows the SIE system to draw out the best information that is available and solves the specific needs of a company or an individual firm that requires such information for the best possible production. The SIE organizes all information n in a well-defined manner that will help to save time and enhance productivity using the best blockchain technology possible available. This is how best the datablockchain project is in to do for companies
EASE OF USE AND PAYMENT METHODS
The datablockchain project understands the challenges and complexities that the usage and management of blockchain wallet can be. So the team has emerged with an unprecedented wallet that will make payments and transaction in the datablockchain platform. This will make things easier and fast to go at just a few clicks. The wallet is built in just a way that the wallet is added to a browser extension where the user can easily buy and store coins for easier transactions. This wallet will also help to protect the user from any blockchain attacks from scammers. The browser extension wallet does not expose the private keys of the user to any of these blockchain attacks. It will also allow the user to easily buy precious coins from the exchanges for storage and easier usage. We at datablockchain technology have the best interest of both holders and users of data at the center of all our decisions.
TOKENOMICS AND ROADMAP
FOR FURTHER READING
WEBSITE https://www.datablockchain.io/
ANN THREAD https://bitcointalk.org/index.php?topic=3361166.0
WHITEPAPER https://www.datablockchain.io/pdf/whitepaper.pdf
AUTHORSHIP
BITCOINTALK PROFILE LINK https://bitcointalk.org/index.php?action=profile;u=1888047
FORUM UERNAME; mimienamphine
Great work and fantastic idea.
Transparency in the usage of data? That is nice
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