How To Earn Money from Data - Opiria Platform and PDATA Preview

In today’s rapidly digitalized world data has become the new currency. As more and more data analytics companies enter the market, copious amounts of personal information is being skimmed and collated from the public and private domains and websites.

The advent of social media, e-commerce, and the Internet of Things (IoT) have created a data brokerage marketplace of over 250 Billion U.S dollars per year. Personal data is being collected and analyzed without proper consent from individuals and eventually is sold to the marketing or research divisions of profit-making organizations. Companies use this data to design and develop products and services based on the consumer insights.

Based on the Ethereum blockchain. Opiria-Platform and PDATA token create a global decentralized marketplace for the secure and transparent trading of personal data. Companies need PDATA tokens to buy personal data directly from consumers. Consumers are compensated for their personal data with PDATA tokens, allowing them to create a passive income stream by selling the data they naturally produce every day. This is how the PDATA token puts a tangible value on personal data. By exchanging PDATA tokens, consumers can cash out and receive fiat currency directly into their bank account. Consumers can also invite other users and receive PDATA tokens when they sign up to the platform. If a consumer holds more PDATA tokens then another consumer, he is more likely to receive a "personal data request” from a company earlier than consumers with less PDATA tokens. This gives consumers that keep a larger pool of PDATA tokens on-hand on average a small time advantage to sell their data to companies.

OPIRIA is a great alternative for current broken system. Companies can get some incredible data which they never before could, and the data they do get will be 100% relevant, and consumers will for the first time have an opportunity to monetize their private data and create a passive income stream.