Re: [ANN] PDATA - REVOLUTIONIZING BROKERAGE OF PERSONAL DATA
Hello,i have a quick question myself too : Who is securing ur database, what company does provide the security ? Myself and probably the other possible buyers/sellers, we would like to understand the full process and how it is going to be operated. Thank you in advance!
Hello , Good question, let me explain. Blockchains were built to function in a trustless environment in which people can transact directly with one another without needing to trust any middleman in the ecosystem. The blockchain technology and the PDATA platform ensure following (these are also GDPR requirements): 1. The consumer owns the personal data and has full control over it.
2. Personal data never leaves the consumer in an unencrypted format and only the consumer holds the key to decrypt it.
3. Personal data can only be transferred to a company with the consumers consent. In addition to that the consumer knows exactly who gets the data and for what purpose.
4. The trading of personal data is fully transparent and traceable on the blockchain whereby the anonymity of the trading parties is completely protected.
Hope this solves your question
