Welcome to CryptoNewsICO,
on this occasion I will discuss DataBlockchain Project. Why am I writing about
the DataBlockchain Project?
Because I am sure you
will need this project in your life very much, this project is very useful for
us all around the world.
Yes please, you guys on
the DataBlockchain project.
DATABLOCKCHAIN.IO
DataBlockChain.io, in
association with Media Direct, Inc. aims to democratize big data and level the
data playing field by providing the most comprehensive marketing data solution
to all businesses and individuals.
DataBlockChain.io will
provide a robust interface between the business or individual and the data
sources. The backend systems will ensure full confidence in data quality for
the end user as well as transactional finality for the data providers.
Our
main objectives are:
To empower Data Source
Providers to provide access to their data and monetize it
To provide full
transparency, traceability, and auditability to the data providers
To build confidence
between the end user and data sources
To give Businesses and
Consumers quality verified data
To give End Users a
simplified easy-to-use interface with a quick payment system
DataBlockChain.io will
comply with applicable privacy rules and regulations including the General Protection
Regulation Act. DataBlockChain.io will not offer financial data covered in the
Graham Leach Bill.
Information
ICO
Token DBCCoin
PreICO Price 1 DBCCoin = 0.08 USD
Price 1 DBCCoin = 0.12 USD
Accepting ETH
Minimum investment 1 ETH pre-ICO, 0.1 ETH ICO
Soft cap 10,000,000 USD
Hard cap 50,000,000 USD
Whitelist/KYC KYC & Whitelist
DBC
WALLET
The current process for
using utility tokens is very complex and not user friendly, thereby limiting
potential usage.
The user will require
multiple wallets and a technical understanding of Exchanges , Ethereum,
Wallets, and Token Exchange. The process is complex and involved. The steps
include:
1.
Creating an Ether wallet that has access
to the main Ethereum network. (This is a complex process that involves many
steps and an understanding of Private and Public Keys)
2.
Use an exchange to purchase Ether which is
stored in the exchange wallet. (Some exchanges allow Fiat to Ether purchase but
others require you purchase BTC separately and then convert the BTC to ETH)
3.
Transfer the Ether from the exchange
wallet to the user wallet. (Needs an understanding of wallet addresses and
exchange fees)
4.
Find the Token Sale for DBCCoin and
transfer ETH using a Smart Contract to exchange for DBCCoin. (Requires an
understanding of Smart Contracts, Gas, Wei, and Transaction Hashes)
5.
Use DBCCoin for purchases by sending
DBCCoin to a transaction address.
THE
DBC WALLET MAKES A COMPLEX PROCESS SIMPLE
DBCWallet is a browser
extension that allows the user to store DBCCoins and use them to purchase
services on DataBlockChain.io with a few clicks.
The DBCWallet creates a
secure local Ether wallet that is stored on the user’s computer. DBCWallet
creates a simple process for the user to purchase Ether through a trusted
exchange. The Ether can then be easily exchanged for DBCCoin with one click
using the wallet. The DBCWallet can be used to pay for transactions on the
website like a credit card.
TOKEN
MECHANISM
DBCCoin is an ERC-20
Token (with ERC-677 functionality) that is implemented on the Ethereum
blockchain. DataBlockChain.io utilizes Smart Contracts written in Solidity for
transactions, auditing and payments. The DBCCoin tokens will be used for
transactions on DataBlockChain.io and be used to remunerate Data Providers. The
DBCCoin token will also function as an essential marketing tool for
DataBlockChain.io as it will serve as the basis for the Rewards Program as well
as incentivizing partners through a Promotion Program. These functionalities
will be fully supported in the Smart Contract using Solidity.
DEVELOPMENT
ROADMAP
*MVP, the Minimal Viable
Product, will demonstrate the capabilities of the system and have a functional
UI for querying and purchasing data. The query system will utilize the Smart
Indexing Engine Beta. The payment system will utilize Blockchain technology.
CURRENT
LANDSCAPE
DataBlockChain.io’s
objective is to provide a comprehensive solution that serves as both an upgrade
to the demand and supply side of the data industry, and solves two key market
flaws: disparate data sources and lack of transactional transparency, both in
utilization and payment, to data owners.
Today, an individual,
entity or brand looking to acquire a specific data set will have to spend
extensive time and resources locating sources that meet its target audience,
negotiating costs, and establish privacy standards for the transferring of the
data. This leads to a decrease in quality and a duplication of data records.
These three (3) challenges not only make it extremely cost prohibitive to
identify and acquire the multiple datasets required to build the exact data
that is needed, but for small and medium sized businesses (SMB), it creates a
barrier to enter the data marketplace.
Attempting to generate
revenue today from existing datasets brings its own unique set of challenges.
The first main challenge is the time and money it takes to create data cards
and collateral for the data owner to monetize. At the same time, they need to
identify the right organization or marketplace offering the widest reach and
one which represents the highest demand for their data. The second major
challenge is integrity and accountability. Data owners do not trust outside
organizations to properly store, manage and monetize their data. The last major
concern surrounds the security of the storage environment. Data abuse and lack
of transparency in the revenue share business model are underlying fears that
will ultimately prevent a list owner from making his/her unique data set
available for purchase.
DataBlockChain.io aims to
remove layers of inefficiency, provide an open and transparent audit into data
use and payment, as well as maximize profits for both the data owner and data
purchaser.
OUR
VALUE
DataBlockChain.io will
revolutionize the data list industry by eliminating unnecessary middlemen and
creating a more efficient data sourcing and delivery process. DataBlockChain.io
will build a unified User Interface to allow an entity to search varying and
diverse sources of data for records that match their search query parameters.
The parameters can range from geographic, demographic, psychographic and
behavioural attributes. A single query would be able to span hundreds of
sources and billions of records.
SMART
INDEXING ENGINE
The Smart Indexing Engine
will utilize predictive analytics (a type of artificial intelligence using data
analysis and machine learning) for Confidence Scoring to provide the most
accurate and up-to-date data. It can also combine sources to provide all
required attributes. The entity would receive a record set which it could
download and utilize. The record set can be a single individual that matches
all parameters or millions of records that match the parameters.
Okay now we are at the end of the article, my suggestion please you visit the official website, whitepaper, and their official media below to get more information. Thank you for visiting my website, see you later.
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