With the recent face book vs. Cambridge analytical data breach and the unholy financial aggrandizement that must have come into the bank accounts of the perpetrators, there seem to be a reawakening and awareness as regards to other exploitative practices carried out mostly by digital advertisers and social opportunist within the cyber space. In the midst of all these challenges the owners/managers of social platforms and websites can only but do little to prevent a future re-occurrence. The process of breach and exploitation of our personal data involves the coalition of personal information, personal documents and credentials, interest and preferences, personal history, health information, memberships, personal permissions, digital possession, personal buying and selling history etc.
The Algebraix will create a basis for individual/user to safe guard, initiate and effectively utilize their personal data; the algebraix works on the block chain platform using (ALX token) as a payment purposes
What is Algebraix?
It is a high tech system that comprises of personal secure vault (PSV) which provides the user interface media in the algebraix platform. It is a mobile application that is designed to work on all kinds of handheld devices, it also provides medium for user data monetization, the app does not just store data but also encrypt them locally with the end –to -end encryption mechanism. It has a digital wallet (pocket) for storage of ALX token (earnings) and also for prompt online payment that are also crypto- inclined. It also has provision for viewing ads that will allure user experience and satisfaction, it's unique anonymized structure uses cipher AES – 256 encryption to prevent compromise and hacking of database within the system, it is multifaceted as it provides access to other varieties of block chain services using the inter block chain communication fabric (IBCF)
The algebraix will provide:
- Bases for data owners to determine the information that can be accessible
- It allows for advertisers to scrutinize profile that suit their needs so as to generate anonimized list
- Owners of data who view the ad will be paid for their attention receiving the specified reward
- Every other step outside this would be governed by smart contract
- The algebraix will strike a clear balance and understanding between data owners reputation and advertisers reputation
Conclusion
The algebraix platform is founded on the pinnacle of trust because trust is the most important aspect of any crypto-currency inclined venture, although many might have lost faith in the system but the advent of algebraix provides full basis for transparency, self sovereign identity and data management, responsiveness to stakeholders, security and regulation.
For more information, algebraix.io
Telegram Group Link: https://t.me/Algebraix_Data
My Bitcointalk Username: dapero
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1653612;sa=summary