With the rising use of network connected devices and social media, the data is getting generated continuously and getting stored at centralized databases. Many existing businesses have started embracing evolution of blockchain or are in transition to do so to be a part of this decentralized technological revolution. As customer base grows and more number of users get acquainted with the benefits of blockchain technology, the pioneers in blockchain space start looking towards running optimized and efficient systems. Datablockchain.io is one such comprehensive project with an objective to empower data source providers with quality and verified data by fully complying with GDPR Act.
Image Source: Datablockchain.io Whitepaper
Currently, there exist barriers to entry for smaller businesses to access data marketplace, which is usually controlled by larger players. Due to lack of trust on third party sources, expensive resources have to be used for data collection, which sometimes lead to duplication of records. Moreover, it even becomes more challenging to monetize the data and simultaneously ensure security of storage environment. The demand for Big data has witnessed a continuous rise since past 5 years and is expected to continue to ride this growth curve in the coming years too. With distributed ledger technology providing a immutable trust based system, datablockchain.io intends to create a unified User Interface for efficient data delivery process. By harnessing the power of Machine Learning and Artificial Intelligence, the Smart Indexing Engine (SIE) will use Confidence Scoring to retrieve most accurate and up to date data. The data source providers can shower trust on smart contracts for the payments and verify usage of data through records availability on IPFS (Inter-Planetary File System). SIE runs performance evaluations periodically to learn and adjust the scores based on different metrics such age of data, speed of data source, quality of attributes etc.
Image Source: Datablockchain.io Whitepaper
The target market and use cases include digital marketing companies, data for customer acquisition and retention, data for healthcare insurance providers, risk management etc. Datablockchain.io will become a gateway between the data sources and potential data customers across the world creating a win-win situation for all stakeholders. Through this mechanism, it is possible for smaller and medium enterprises to get access to premium data, generating valuable leads for their business. Datablockchain.io has already contracted with Media Direct (a leader in digital data industry since 2008 and serving many Fortune 500 clients) for primary data and technology. It has already acquired few large data record sets and is also in process for forging more valuable partnerships with data providers to make it a data powerhouse catering to diverse industry needs across multiple attributes.
DBCCoin will be used for all transactions in Datablokchain.io ecosystem including payments to data providers and is a ERC20 compliant token with ERC-667 functionality. Demo product launch is expected in Q2-2018, full Beta launch is scheduled for Q1-2019 and Main release in Q2-2019. The team is strong and is comprising of seasoned experienced experts from data industry and marketing. The company has already won few US Patents in their expert field.
The Token sale soft cap is fixed at $10 million with hard cap at $50 million and total tokens for public sale are 522 million tokens I.e. 60% of the total created 870 million tokens. Rest of the tokens are kept for team, advisors, bounty and company partnerships/exchange reserve. Team member share will be having a 12-month vesting period and 25% quarterly release thereafter. The team assures burning of all unsold tokens after public sale in interest of investors. The tentative proceeds allocation plan is detailed out as below.
Image Source: Datablockchain.io Website
Further details on this promising project can be checked at the following links:
Official Website: https://www.dbc.io/?utm_source=https:/steemit.com/@mittal2a&utm_medium=article&utm_campaign=bounty
Whitepaper: https://www.datablockchain.io/pdf/whitepaper.pdf
Project Telegram: https://t.me/DBCIO
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Disclaimer: This article was created in exchange for a potential token reward through Bounty0x, which may be granted on acceptance of this article.
** This should not be treated as explicit financial, trading or otherwise investment advice. Please do your own detailed research before final investing.**