DataBlockChain - Merging Big Data, Artificial Intelligence and Blockchain Technology to Bring Critical Information to the World
PRESENTATION
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, DataBlockChain.io, a revolutionary data platform that stands to disrupt the way that companies and individuals gather premium data has arrived.
"Big Data is no fad. The world is growing at an exponential rate, and so is the size of data collected across the globe. The data is becoming more meaningful and contextually relevant, breaks new ground for machine learning and artificial intelligence (AI), and even moves them from research labs to production. That is, the problem has shifted from collecting massive amounts of data to understanding it, i.e., turning data into knowledge, conclusions, and actions.
This Big AI, however, often faces poor scale-up behaviour from algorithms that have been designed based on models of computation that are no longer realistic for Big Data. This special issue constitutes an attempt to highlight the algorithmic challenges and opportunities but also the social and ethical issues of Big Data. Of specific interest and focus have been computation- and resource-efficient algorithms when searching through data to find and mine relevant or pertinent information."
That being said, 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.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is DataBlockChain?
As said earlier, DataBlockChain.io is a revolutionary data platform that stands to disrupt the way that companies and individuals gather premium data. The product will democratize data, making it more readily available and less expensive than the current methods of data gathering and vetting. The result is that clients can access specific data sets in a cost-effective and transparent way, collecting exactly what they need without paying for extraneous data.
Furthermore, DataBlockChain.io strives to provide a robust interface between the users and the data sources. They will create a single-point solution that will eliminate the need for multiple data vendors and layers of list managers and brokers that create inefficiency in the marketplace. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers.
DataBlockChain 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
"The Problem
The key to both acquiring new customers and retaining your current customers is possessing the critical data that can help you market to prospects with the highest propensity to use your products and services and help identify your current customers' needs, ensuring their long-term loyalty. The data industry today is both complicated and highly fragmented, offering a confusing number of choices to businesses desperately in need of this critical information. The existing data marketing ecosystem of data / list owners, managers and brokers is inefficient and often ineffective, costing businesses unnecessary time and money.
The Solution
DataBlockChain.io will provide a robust interface between the users and the data sources. DataBlockChain.io will create a single- point solution that will eliminate the need for multiple data vendors and layers of list managersand brokers that create inefficiency in the marketplace. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers."
(The problem and solution above were gotten from the official website of DataBlockChain - https://www.datablockchain.io/)
There is a Smart Indexing Engine (SIE) is that the supply of the correct and up to this point information on the platform. It works on the prophetic analytics that could be a part of AI & machine learning. Information sources are known and valid before the info is held on at a secure location.
The platform will help to find out correct of information that's geographical, psycho-graphically correct with sensible assortment engine can facilitate to make associate degree correct and up to this point information. Partnering with massive information sources depends on the age and attribute of the information.
The information points provided by the info sources are utilized and sold. The payment created in every case is immediate and clear. Blockchain empowers the transactions on the platform. It’s a secure and clear platform that standardizes the info exchange within the business.
They need to provide the list of various styles of information on the market on their platform from a special trade, like automotive trade, social media, insurance, and banking. The list of attributes includes case history, geographic point data, space of interest and plenty of different things. They need a partnership with the media cluster that encompasses a giant volume of the information set with an outsized variety of attributes.
Aspects of DataBlockchain.io - Technical
Smart Indexing Engine (SIE)
DataBlockChain.io utilizes a decentralised Smart Indexing Engine(SIE) to index all data sources and assign confidence scores on the sources. The SIE is an type of AI using data analysis and machine learning. It uses predictive analytics to create an appropriate score and It constantly checks and re-evaluates the sources updating the scores.
Blockchain Integration
DataBlockChain.io utilizes the Ethereum Blockchain and smart contracts for all transactions and payments.When businesses seek to use data, they can search for data on DataBlockChain.io that meets their requirements. As soon as they find it, they can send payment to the data providers so that they can be given access to the data they requested for. This becomes real using a digital currency that works together with the DataBlockChain.io platform using Smart Contract, so that both parties are satisfied and all these can be done anonymously.
The Benefits of DataBlockchain
Empower
Empower data source providers to monetize their data and capitalize on the demand in the market.
Transparency
Their blockchain approach provides data providers with full transparency, traceability and auditability, overcoming many of the hurdles data providers currently face in the existing marketplace.
Confidence
The company’s vetting and grading system for data will build confidence between the end user and data sources.
Verified
Give business and consumers quality, verified data.
Simplified
Give end users a simplified, easy-to-use interface with a quick and secure payment system.
Technology
A robust interface between the business or individual and data sources.
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.
THE 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:
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)
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)
Transfer the Ether from the exchange wallet to the user wallet. (Needs an understanding of wallet addresses and exchange fees)
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)
Use DBCCoin for purchases by sending DBCCoin to a transaction address.
Token Sale and ICO Details
Total Tokens Created: 870MM
Total Tokens Being Sold: 522MM (60%)
Private Sale: 100MM Tokens
Pre-Sale (5/27 - 6/21)
Total Tokens Being Sold: 164.58MM
Token Price: $0.08 ($0.12 w/ 50% bonus)
Main Token Sale (6/27 - 7/21)
Tokens Being Sold: in Token Sale: 257.42MM
Token Price: $0.12
Min purchase for Pre-Sale: 1 ETH
Min purchase for Public: 0.1 ETH
All Unsold Tokens will be burned
Team members will be on a 12 month vesting
schedule with 25% released quarterly
Soft Cap: $10 Million
Hard Cap: $50 Million
Country - Cayman Islands
Whitelist/KYC - KYC & Whitelist
Funds Allocation
29% Development and Technology.
26% Data Acquisition.
20% Marketing.
18% Operations.
7% Legal and Compliance.
Token Distribution
60% - Total Tokens Being Sold
25.41% - Team and Advisors Allocated.
12.29% - Exchanges/Reserves.
1.15% - Bounty Campaign.
1.15% - Air Drop / Marketing.
RoadMap
Meet The Amazing Team
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://www.datablockchain.io/
Whitepaper: https://www.datablockchain.io/pdf/whitepaper.pdf
Telegram - https://t.me/dbcio
Twitter - https://twitter.com/dbc_io
Facebook - https://facebook.com/datablockchainio-210421122875853/
Github - https://github.com/datablockchainio
Reddit - https://reddit.com/r/datablockchain_io/
Medium - https://medium.com/dbc-io
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.