I would like to know more about this project. I have few questions too :
1. How can you ensure our safety,regarding anonimacy if we start sharing our personal data ?
2. How do we know the data is not corrupt ?
3. Should i consider asking myself if this is a better option that other data brokers ?
1. How can you ensure our safety,regarding anonimacy if we start sharing our personal data ?
2. How do we know the data is not corrupt ?
3. Should i consider asking myself if this is a better option that other data brokers ?
BLOCKCHAIN is the solution to all your question mate
What do you mean man? Can you explain further please?
Hello there Thimpare, aside the fact that this project relies on blockhain, all users data are kept in an encrypted state. This puts data in a more or less redundant state and guess what? Only the user has the key to decrypt the data. Again, consent of user is sought before all data exchange transactions are initiated. What's more, transaction is carried directly between user and company.
We know that data isn't corrupt as consumers are very well aware they're are going to be incentivized with tokens for releasing data and again, they release data at their own free will.
Most data brokers don't seek consent of personal data owners before trading their data which means data owners don't get compensated for their traded data.
PDATA on their other hand makes sure data trading is carried out directly between user and company. User can choose to release his data or not upon receiving a request from a company. Most amazing part is consumers are rewarded with PDATA tokens which can be traded for fiat currency like USD for selling their data.
