Big Data, the digital oil of modern day. This business is so good that even the biggest and known businesses around the world do not talk about it. Make no mistakes, data is the valuable oil of the web. Almost every business today is lubricated with data. It is getting even more prominent topic once the race for AI is mature enough to provide working products into the market. All those machine learning systems need data to be fed.
What many of us do not know is that the value is measurable and tradable. Data can be a traded as any product and service. Today as we speak there are many data providers who act as mediator between the data provider and end user. Those companies act as the gate keepers for providers and users.
Almost every business and public organization today handles a lot of data each day. To point out just the ones that DataBlockhain covers will give an overview about this market size:
Data for Digital/Online Marketing
• Data for Analytical Modeling
• Data for Media Buying
• Data for Direct Marketing
• Data for CRM/Customer Retention
• Data for Customer Acquisition
• Data for Enhancement of Existing Data
• Data for Risk Management
• Data for Health Insurance Companies
• Data for Background Checks
• Data for People finder
• Data for Real-Time Leads
DataBlockchain — solution for a real problem
The big problem most businesses face today is costumer acquisition and retention. The current available systems are either under monopolized business where you can buy data service as full pack from one source or small fragmented ecosystems of incomplete data patches. Either way the centralized systems provide no transparency, security or cost effectiveness to the buyer. Basically, buying expensive data with little or no control over it.
DataBlockchain solves those mentioned issues by democratizing those process and making it as transparent to both sides. Most importantly, they make data cheaper for the buyers. The disruptive technology will act as repository that will make data more readily available. By making it transparent, the buyers will have the opportunity to buy cost effectively the specific demand data only, without buying the whole data patch.
Data source providers will provide access to their data and provide an opportunity to buy it- basically monetizing data. By providing full transparency, traceability, and auditability to the data providers it is destined to disrupt the current data market.
Worthy project with massive scaling opportunities.
Data business looks a lot like the early blockchain ventures whose potential was not yet discovered. Same happens now in data, a lot is unclear but there are already real business applications that use it. Big data is usable by businesses and public services both. How-ever the future is even brighter as the world automates and needs data to feed AIs (Artificial Intelligence). Once that happens the demand for quality data will multiply and the market will grow in similar speed.
For those of you who would like to get more information about their ecosystem, whitepaper and project in general follow the links below.
Join Datablockchain Telegram Group:
https://t.me/dbcio
Join DataBlockchain Bounty group to make some money:
https://t.me/joinchat/Ho-YFg8O26hIutf7R8A8BA
Check the entire project :
DBC.IO