Every one of us has our own identity, unique qualities, unique ideas and other information which makes us truly unique. This information helps us to define who we are. The point i wanted to make is, everybody has a set of information we can call it as data. This data contains information about us and is more important. Data plays an important role throughout the history of mankind. Our existence derived by our personal data. Earlier we used to transfer the data by month to mouth, then through books, progressively through letter writings and then through digital mediums.
Today with the advent of internet we transfer data digitally. Technological revolutions has made it possible to transfer data through different mediums. Internet has given us a convenient way to exchanging the data with each other. But everything is not so sweet as it looks. While performing various activities in the internet we exchange and transmit our personal information with many other platforms. Knowingly or unknowingly the data we transmit is being manipulated or used for illegal activities. And it poses huge risk to the humanity.
Problems
Today we very much attached with the technology and internet. Everyday we transmit numerous amount of data knowingly or unknowingly while performing internet activities. And management of these digital data is simple. Many a times we share our personal profiles on various social activities. Today internet is filled with many crooks and monsters, they play various tricks and techniques to collect our valuable data in order to earn billions of dollars. Either they sell this data to advertisers or manipulate and misuse it for other illegal purposes. The advertisers are like a magnet they only wants to collect our data to offer product and services based on our interests. Almost every site today wants to collect our valuable data. You probably have noticed that whenever you search a product or service on the internet, you will get the same product/service ads in almost every website you browse then onwards. Advertising companies collect and use our data and then resell it to other companies. Our data flows from one company to another and we don't even know about it. Companies and cooperations earn millions of dollars from our data and we get nothing from it. The statistical data shows that companies made fortune from our personal data.
Unfortunately the big problem is that we don't even know how much our data worths? Till today we share data with many other Internet sites and with applications but we haven't earned single penny by sharing our data. We need to be very conscious about our data because companies do injustice with us by selling and utilizing our personal data without our consent.
Project objective
The project that we are taking today is aiming to create a blockchain technology powered decentralized system where we can efficiently and effectively mange, store and share our personal data transparently and securely. The project is known as DAYTA. DAYTA wants to provide an opportunity for us to control and manage our data the way we want. In order to achieve the aim the project has implemented self executing smart contracts. The smart contracts are programmed with pre-determined terms and conditions such that companies who brought our data can't resell it without our consent. Thus, it helps to know where? how? And by whom? our data being used and it also helps to earn real money from our personal data.
Principle of operation
DAYTA wants to make our digital ecosystem fully secure and transparent. It creates a decentralized exchange mechanism where without our consent no data can be exchanged or transmitted. Thus every users personal data will be protected and securely stored in blockchain technology. Blockchain's immutible, incorruptible and unhackable property helps DAYTA to achieve the goal. The DAYTA platform deploys tokenization mechanism for exchanging and storing of our digital data effectively across the network. Blockchain brings transparency in every operation and audit action. Smart contracts control and process every data exchange operation automatically and eliminates any third party interference.
DAYTA platform allows developers to create DApps on the network which provides convenience for users to manage their personal information effectively. Users can effectively choose to whom they can provide access to their personal data and in return can able to earn for doing so. Here users can get profit by selling their data. These companies are not allowed to resell the brought data of the users to any other company without the permission of the data owner. This system will not only bring justice to users but also benefits to users.
The DAYTA platform uses its own internal token called XPD for performing every platform operation effectively and efficiently.
Token structure
• Token ticker: XPD
• Token platform: Ethereum ERC20
• Total token supply: 2.5 Billion
• Circulation supply: 1.5 Billion
• Token price: 1ETH = 33750 XPD
• Softcap: 3,000 ETH
• Hardcap: 45,000 ETH
Token distribution
Conclusion
It is worth to note that projects like DAYTA are not only protecting and securing our personal data but also accelerating the growth of secured digital economy through blockchain technology. Today the internet is full of advertising magnets who are in chance of collecting our personal data and to use it for illegal or other purposes. DAYTA wants to stop this injustice and deploys smart contract features to control these kind of activities. Thus, users are sole owners of their valuable data and they can give or reject to provide access to their data to any service requests. DAYTA will bring a disruption in this field.
Finally I would suggest you to read the official whitpepaper of the project for more details. This project needs much public attention and I wish all the best for this great project.
Learn more about DAYTA:
Website: https://www.mydayta.io
Read Whitepaper: https://www.mydayta.io/uploads/white_paper/Whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5110098.0
Telegram: https://t.me/mydayta
Facebook: https://www.facebook.com/MyDayta/
Twitter: https://twitter.com/MyDayta
Medium: https://medium.com/@mydayta
Reddit: https://www.reddit.com/r/dayta/
YouTube: https://www.youtube.com/channel/UC0qmKc0f2kW25sNc_1xZSvA
GitHub: https://github.com/MyDayta/smartcontract
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1635367