We all know how important data is. Almost everyone that uses some sort of electronic device knows that their data is being tracked, utilized, and most likely sold. Data is even more important to any serious business. Without real data, businesses can't optimize their operations. Thus, decreasing sales, revenue, growth, and ruining the business in these highly competitive days.
The problem with data is the high cost, untrustworthy sources, unfocused, and erroneous data being sold from inaccessible top tier data providers. There is not a single market place that solves these problems at the moment.
Meet DataBlockChain
The DataBlockChain is a new solution to those problems. It's a premium data marketplace built on blockchain technology, more specifically, the Ethereum blockchain. The DataBlockChain allows for data sources a safe and secure place to sell their data, while businesses can buy data using a robust interface designed for the most efficient data purchase. DBC is the cryptocurrency used for all the transactions on the DataBlockChain platform.
A Smart Engine
Whether car data is being sold to all of the car dealerships or not, a strong engine to power the DataBlockChain platform is needed. In fact, a smart engine is definitely needed given the current problem of the erroneous data that is sold to buyers that don't need unspecified data. Buyers will be able to set strict parameters for their data needs. The data can be searched for using the DataBlockChain smart indexing platform. By utilizing artificial intelligence through the smart engine, the buyer can efficiently find the needed data.
A Need for Blockchain
By using blockchain technologgy, the DataBlockChain allows for instant payment once the agreements are met. The payment process is much easier due to the removal of authorization, manual invoices, etc. Payments can also be made globally without having to wait for bank transfer or other lengthy means of payment.
Higher Quality Data
Any licensed data source may give data to the DataBlockChain or they may choose to use an API that allows for access to the data. The API gives a confidence score based on the data age and attributes. This confidence score is based on all of the data submitted. The higher the confidence score, the higher the data can be sold for. Thus, giving an incentive for higher quality data providers and for poor data providers to be slowly removed. The data is also protected with privacy. Only the indexing through the smart engine knows who submitted the data, not the clients.
Incentivised Data Experience
When a business decides to make a data purchase using the DataBlockChain, the funds go to DataBlockChain, as well as the data provider/partners. Those data partners that provide billions of data points will receive a portion from every sale. This method gives incentives for all parties involved in the data business.
Partner Agreement
DataBlockChain has an exclusive agreement with a massive digital data industry called Media Direct, Inc. Media Direct, Inc is DataBlockChain's primary data partner. Media Direct, Inc. provides data and marketing services to a large portfolio of Fortune 100 Brands and Leading Agencies such as Verizon, AT&T, Wells Fargo, Nissan, Chrysler, Harte Hanks, Ford, Chevy, Lifetime Networks, and Walgreens. More partners are expected as well! DataBlockChain will be massively adopted in a matter of time.
Equifax, TransUnion, Comcast, Neustar, and iHeartRadio already use the data provided by DataBlockChain.
Conclusion
There are many ICOs that are focused on creating a better way of buying/selling data. What makes DataBlockChain different is the fact they already have a working Alpha, huge brands that are consumers, and massive adoption due to the partnerships. DataBlockChain will be the top data marketplace globally. They're also highly rated on ICO review sites, along with a Presale that has already gathered $16m+ in funds in this bearish market.
Learn more about the DataBlockChain
Official Website: https://www.datablockchain.io/
Whitepaper: https://www.datablockchain.io/pdf/whitepaper.pdf
Telegram: https://t.me/dbcio
Bounty Telegram: https://t.me/joinchat/Ho-YFg8O26hIutf7R8A8BA
DataBlockChain Airdrop: https://medium.com/dbc-io/announcement-datablockchain-telegram-airdrop-39beefe5b9bb
Create a free DBC Wallet HERE