PData: Blockchain trading of personal data

tcode53 (46)in #pdata • 6 years ago (edited)

The availability of online data has offered speedier routes in getting to said records, all you need to do is to simply provide the keywords into the search engines for example google or yahoo and you will be amazed with the variety of data you get to access. Indeed that is one of the propelled methods of obtaining information which will provide you data in a more convenient way. With the world of online activity where several users across the globe accessing in each and every few seconds large amount of data being exchanged each millisecond and users taking customary procedures including measurable strategies to protect data privacy ; in such case, data research has occurred as one of the biggest challenges for users and organisations. Traditional styles of data collection though quite reliable and effective to some extent, are nowhere enough accurate to preferable percentage for use today. It underlined the requirement for more efficient systems that could maintain and handle big data volumes more competently and render fail safes for the users and this brought forth the blockchain-based Opiria platform.

WHAT IS OPIRIA?

Opiria is one of the best big data broker platform that helps to collect, manage and store huge amount of personal data of consumers to many companies globally. While Opiria is an existing platform known for wide coverage of data research, the team created PData token to integrate and build a decentralized ecosystem on Ethereum blockchain for secure trading of personal data.

Interestingly, With PData it is now possible to choose the kind of information you would like to feed and earn some reward from it. There are unique benefits Opiria Platform will serve to end users as well as organisations collecting the data. PData ecosystem will provide the general public with open market place that enables the following:

DATA PRIVACY

Data theft is not as simple as it sounds, virtually any type of valuable information are stolen, misused and sold on the blackmarket. With PData decentralized blockchain platform, users can have full control of their personal data and will choose with whom they want to share it with.
REWARD

End-Users will be appreciated directly with PData tokens from organisations for information shared

LARGE ECOSYSTEM
Opiria is building a decentralized ecosystem platform for Users and Companies to exchange information on the platform with Blockchain technology.

Conclusion

However, the question remains that why exactly is PData tokens required in the first place? As already explained, the PData token is the currency that estimates the value of personal data accessed on the platform. Here, it is worth mentioning that these play an important role when it comes to processing the data that is stored in the Opiria Distributed File System. And obviously, companies want perfect and classified information about consumers needs in order to meet market demands and maximize profits. Although different states or countries may have recognized rules and procedures in availing these records, you do not have to worry because Opiria platform have made the database promptly accessible for the benefits of end-users.