Data is one of the most essentials of our life. Everything is connected somehow with data. Data has helped many businesses, companies to do what they want or trying to do. The information in a data, the usage is what makes data so valuable and a powerful tool for many places. Data is undoubtedly the most valuable tool for big companies that help them achieve their goals and also this is very much connected to our daily life.
Introduction to PData
One of the valuable tools for companies to understand what their consumers want is getting personal data. Personal Data helps them to understand what kind of service, the product that can attract more people to them or help them reach the consumer satisfaction. But yes, it's personal data. No one is really willing to share their own personal data for nothing or for just the company. After that, there's also the distribution problem.
PData is here to solve the data sharing problem. PData is a blockchain based project which has set out with the aim of creating a platform where one can sell or buy people personal data. PData will be a decentralized platform with full transparency and security to prevent any kinds of theft and to gain the trust of people. PData platform name will Opiria Platform. With this platform, one will be able to sell their personal data for someone to buy. It's in simple words, a place to monetize personal data.
The data market is big. Currently, it's worth $250 billion or more and still growing. How it's connected with big companies is what makes data so valuable and demanded. With opiria platform, one gets the opportunity to earn something in return for their data. This way they are not only attracting people to get the necessary data but also making the data market big. Currently, yes there are problems with the distribution of personal data. This is keeping many companies or businesses reach their full potential or reach the highest consumer satisfaction. Some of them are described below.
Data Sharing
Personal data is required for a company to succeed. But there's the problem of fake data, people not willing to share or maybe to protect privacy they fake data intentionally. This kinds of thing are affecting our market and many companies. To really target at the heart of the market with the product or service really desired by a lot of people, personal data has a great impact on it. For an instant, if too great people share their fake personal data and some company buys them and based on that data they make a product, that will be nothing but an utter failure. The product will have no demand, satisfaction and it will soon be gone from the market without any trace.
The reason behind this why people don't want to share their personal data is the fear of misuse and not being able to control where it gets. The consequences of the misuse of data are great and can have a great effect on one's life. Also, there's a matter of privacy. People have learned the power of data and not being able to control their own data makes people not want to share them. The power of data is too much and the data brokers have the power of thread or expose one with the data they get.
The power of personal data can be understood easily with a real-life example. Currently, we have Amazon. The Amazon company is big and used by people all around the world. Just like Amazon, there are many people who actually tried to open a place like the Amazon. But the main difference was in the collection of data. A statistics say 70-80% of total innovation of product and services loses to the market which is $12 Billion because there's not enough demand and sale to help the company get profit. Amazon has used the power of personal data of people and took much product based on people demand. That's the reason why Amazon is a big company now and why many other companies failed. This how much of an effect can this data have.
Opiria Platform
Opiria Platform is already operational and is being used by many companies and people. This is already being used to collect real-time data straight from the users. Opiria can be used on the phone or from a PC. The integration of the app on the phone has made the app reachable by any people who are connected to the internet and using a phone.
Currently, there's two type of way to collect data and know about people preferences, how they feel about something by using the Opiria Platform. First one is the mobile survey and the second one mobile diary. The mobile survey will be a quick session of answer question to know and understand their feelings about something which companies will create. The mobile diary is for sharing experience and feedback, rating about some service or product. Currently by these two companies will be able to get the data they want about their product, what is the demand and how they feel and they are all real-time data. This is PData or Opiria's way to collect data and share it with the companies.
This two service alone of Opiria currently has the solution to some of the problems when collecting personal data. Time and Money. With the help of Opiria, it's easier and very convenient to collect people demand, preferences and so on. It's not only saving time but also the money normally it requires to collect these kinds of data. Looking at the traditional system, it takes around 4-6 weeks to get the idea of the market and understand and the cost is around 20,000$ which is ridiculous. With Opiria it will take around some minutes and the cost is very small. Opiria bringing a solution to both of these.
This was just the beginning of Opiria with only two kinds of service available for the starter. They plan on adding another way to understand people feelings, feedback, behavior by enhancing their platform to understand the facial behaviors when using their service. The extra plugin into the browser will detect facial behavior to get a better idea of how the consumer feels about service and product. The mobile app will also be enhanced to be able to do this. With this service, they are ensuring high quality and very reliable data when gathering from people.
The Marketplace
PData wants to create a whole new marketplace for data buy selling. They are creating an ecosystem which will be decentralized and will be made to protect the privacy of people. They want to remove any kind of middleman in this whole process to ensure security. They will give the people the power to choose with whom to share their data and what will they do. If the data owner and the company agrees, then they are connected to make a successful exchange of their data.
This ecosystem will exclude much time and cost and help people monetize their own personal data. This way one can earn just for sharing their feedback and feeling about something.
Blockchain
The data sharing has extreme terms and condition to ensure ultimate privacy especially when it's personal data. Among the terms set for these kinds of work, one of them is to protect privacy. PData has seen the power of blockchain and the power of being trustless and secure. PData is exactly taking advantage of this and is choosing blockchain over other technology.
Team
Dr.-Ing. Christian Lange is the founder and CEO of Pdata and Opiria platform. Dipl.-Inf. Marlene Gagesch he is the co-founder of the project. Both people has exceptional experience in some fields which will help the project.
Roadmap
PData Token and ICO Details
PData Token is an essential part of Opiria and the ecosystem. The token will have various uses such as buying data, getting rewarded in PData for surveys and feedback and so on. The token will be up in the token sale for raising funds which are necessary for this platform to grow. Followings are some information about their ICO
• Token Symbol: PData
• Token Protocol: Ethereum
• Total Supply: 750,000,000
• Token Price: $0.1
• Token Sale issued: 60%
• Accepted Funds: ETH, BTC, XRP
Conclusion
Data is definitely one of the most used things in the whole world. Personal Data is something which is very much required and getting personal data is hard in our current times. But through Pdata, it will be possible to do that without any insufficiencies and more effectively. To ensure better data flow projects like this is very much needed.
More informations can be found here:
Website: https://www.opiria.io/
Facebook: https://www.facebook.com/pdatatoken/
Twitter: https://twitter.com/PDATA_Token
Telegram: https://t.me/PDATAtoken
ANN Thread: https://bitcointalk.org/index.php?topic=3076122.new#new
Whitepaper: https://www.opiria.io/wp-content/uploads/2018/01/PDATA%20White%20Paper%2020180118.pdf
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