Quote from: Rigorous on October 06, 2017, 07:02:27 PM

Quote from: SixFigures on October 06, 2017, 06:53:17 PM

Quote from: Rigorous on October 06, 2017, 06:38:34 PM

Quote from: Elkmar on October 06, 2017, 04:53:00 PM

Quote from: Heimer on October 06, 2017, 03:57:13 PM

Every company wants this kind of statistics. The question is - will GATCOIN sell this info to third parties or they will be using this only for themselves?

Well, I must have a rare opinion but I'm not opposed at all to merchants having personnal datas about me. These are used to make better and more adapted products, while understanding consumers behaviour. Ok, their goal is to make more money, but they make more money because their products become better for me.

It is a generational thing. There are generations of people that still remember the world before the mass adoption of internet who are less comfortable with the collection of personal data. On the other hand, the generation that was born with a smartphone in their hand, so to speak, welcomes an internet that is tailored to their preferences.

It is that latter group for whom GATCOIN's analysis of consumer behavior would be a particular win-win-win situation: consumers benefit from better offers, retailers get more insight in their consumers and GATCOIN earns more fees.

Best example is google of course with all its genius services. Take alone google maps and how precisely it navigates you from A to B by now with all kinds of alternatives should there be traffic problems. Why is that possible? Because I give them access to my mobility data. There is a good and a bad side to that of course. But we also need to decide what we do want and what we do not want. If we want a super easy life with computers telling us everything, then data is the currency we have to use for payment.

Another example is medical data. For example, if hospitals combined all data on cancer treatments and cancer patients, there could be more effective treatments. The reason is that cancer is commonly treated in a one-size-fits-all fashion (tons of chemo and radiation) instead of a personalized treatment based on the type of cancer and its location among other characteristics.

But many hospitals prefer to sit on their data, which by the way is often stored in a non-standard proprietary format too. This situation is not helped by privacy advocates fighting medical databases.

https://www.statnews.com/2017/06/06/data-sharing-cancer-treatment/

Now we are straying far away from GATCOIN's area but I think the message that analyzing consumer data could provide a mutual benefit is clear.

Yes this is another very interesting and relevant example from your side. I think you can gain infinite benefits from analyzing data over and over again. Logically, there is no limit to the results that you could gather from a growing set of data. We need the infrastructures in place that provide sufficient security for all the data to be pooled and analyzed without violating privacy aspects. We are on the right way I think.