PDATA Token ICO – The Opiria Project – monetize your personal data in the blockchain. PDATA ICO is Live! Check their website to participate.
Data brokerage is a $250 billion industry that helps thousands of companies world-wide to target sales and effectively develop their products.
The high demand of consumer data led the data brokerage industry to expand, of which, the Opiria Platform also came to exist.
Now to further develop the already existing Opiria platform, PDATA and Opiria has launched their ICO to build a tech-enhanced and secured platform within the blockchain that will cater to the needs of data owners and businesses worldwide.
Would this be something that you will consider as part of your portfolio? Well, let’s take a closer look on what this platform offers and how it works.
PDATA Token and the Opiria Platform
Opiria is the company that made all of this happen. It has an “already existing” marketplace app – Opiria app – wherein, users can download and share their data by participating in a survey.
The Opiria platform is currently being used by companies worldwide – including Fortune 500 brands. The web-based and app-based platform help these companies understand the consumers needs.
These data gathered from the customers will then be used by businesses to know more about their customers’ needs. With these data on hand, businesses will be able to determine the way to develop better products based on the consumer’s needs and forecast the market.
So, you might be wondering why the blockchain is needed for an already successful Opiria platform. Here are the reasons why:
- The company aims to provide a global decentralized platform, wherein, companies can directly acquire data from data owners without intermediaries. And this can definitely be done by utilizing the blockchain technology.
- Through the blockchain, they will be able to provide full transparency to consumers. This will enable users to easily track all details on accessed data and all transactions made within the system.
- They want consumers to have full control of their data. Consumers get to decide to whom and when their personal data should be provided. This will build trust within the system and will lessen the risk for unauthorized use of data acquired.
- And the most important of all, consumers will be properly compensated with PDATA tokens for the personal data they have provided.
- For businesses, through the blockchain-based Opiria platform, specific pieces of data needed from the consumers can be possible due to the business-consumer direct contact and the ability to track data from wearables, smartphones etc. With these features that businesses can take advantage from the platform – better decision making will be in place when developing products or creating new ones and an enhanced targeted marketing and sales activities can be achieved.
What is the role of the PDATA token on this project?
As mentioned earlier, consumers will be fairly compensated for the data they will provide. The PDATA token will create a currency that will express the value of the personal data provided.
On the other hand, the PDATA token value will depend on the market forces – supply and demand. As the demand on personal data grows higher, PDATA token value will go to that same direction.
Another great advantage of having token-based ecosystem is security. And this is brought by the blockchain technology – all data will be just an internet address.
And for all of the features of the Opiria platform to be put in place, the blockchain technology should be utilized – which of course includes the need of having a utility token.
ICO Details
Ticker: PDATA
Token type: ERC20
Accepts: ETH
ICO Token Price: 1 PDATA = 0.10 USD
Hard Cap: 30,000,000 USD
Total Tokens: 750,000,000
Available for Token Sale: 60%
The Verdict
We can all agree that the idea of getting compensated for the personal data that we share sounds very inviting. Not to mention the purpose it serves – helping companies create a better version of the products that we need.
However, security is the biggest factor for participating on such data sharing. But if the Opiria platform will truly keep all security and privacy features on check, then, it’s highly likely that a lot of consumers and business will support this project – which will lead to its success.
And along with the possible growth in its community, demand will go up as well leading to a higher value of their token. If this will be the case, then, participants of the ICO will definitely earn a fair sum of revenues in the long run.
In addition, the data brokerage industry is huge. And with the Opiria project revolving around in an industry this big – it deserves a second look.
Website: https://opiria.io/
Telegram: https://t.me/PDATAtoken
ANN/Bounty: https://bitcointalk.org/index.php?topic=3076122.0 || https://bitcointalk.org/index.php?topic=3081090.0
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