In this data-driven presnt world, everything revolves arround data, be it personal or public. the absence of data would lead to a collapse of many industries all-together. Data is the new currency and the companies that have more relevant data are valued more because they can care better for their customers. When competition is stiff how much important data a company has can pretty much set it aside and decide if it is the winning company or not. In addition to providing efficient services to their customers better with the data, these companies now have an extra option of increasing their income and revenues by monetizing the data directly while protecting the privacy of their users. In today world, most users life revolves around the internet and characterised by constant generation of data, it might be knowingly or unknowingly, but any how it is, most internet users have spent quality time on social media and in that process have given off their data to third parties , most at times large companies uses these data without the consent of the owner, they use it to make money for themselves without the knowledge of the data owner.
Blockchain technology and Data are two technologies in full motion, but these two technologies also complement themselves they . Blockchain in so many ways transforms data industry. In the past few years, the novel technology, blockchain is at the heart of most computer technologies. It is a cryptographically secured and also distributed database technology used for storing and transmitting information and data. It happens that Each record in the database is called a block and it contains details such as records of transaction date and a link to the previous block. Blockchain is advantageous in terms of its decentralized nature, of which no one controls the users data, every users posses the control and authority of his/her personal data without third party interference.
This is exactly what VID platform stands for, to give data owners the decentralised opportunity to be in control of their data, and not just that, but still provide data owners with opportunity to also monitize Their memories and data.
DETAILS ABOUT VID PLATFORM
Vid is a privacy-focussed AI video journal app that allows you to remember your life and monetize your memories. Think of a video diary which updates itself and will enable you to look back at your life when you want to.
VID team understands that many people can not remember their notable memories of which they would love to keep and might find it hard to recollect, VID platforms has an awesome way or which video memories can be auto generated easily and personalised digital data journal can be created , with this old memories are tagged or which the VID AI will arrange it for easy access. This tagged old memories will be arranged in form of a calender which can be easily accessed anytime the owner wants it.
SECURITY OF MEMORIES ON THE VID PLATFORM
one of the big issue on the internet is the issue of data theft. This has plagued many as their personal data has been hacked and compromised from those they gave acess to their data to, the good thing about VID is that all data and memories are secured by a zero knowledge encryption. This is a great security measure that gives only the user of the memory authority over his or her own data and memories. As it stands on the VID platform even VID team does not have acesss to the data of the data. The data and memories of the owner is soley at the discretion of the owner, he/she chooses to make it public or private without the interference of a third party.
VID PROVIDES THE ABILITY TO MONITIZE YOUR DATA
from what i earlier highlighted, many social media platform utilised their users data without the full knowledge of the owner, some even go as far as monetizing such data, with VID all data owners have the choice to monitize Their data directly with advertisers and get paid.
FINAL THOUGHT
VID is in a strong position to disrupt the social media industry, create a lasting effect on it and establish themselves to be among the elites of this space. Hopefully they can leave up to the expectations.
For more information visit :
🔹 Website : https://vid.camera
🔹 Twitter : https://twitter.com/vid_app
🔹 Instagram : https://instagram.com/vid_app?igshid=15l7mhtfqf5d3
🔹 Medium : https://link.medium.com/y6gyXhAbjX
✅ Useful links :
📄 White Paper : https://vidrec.azureedge.net/res/WhitePaper.pdf