Profede: giving power back to the professional users

Did you hear about Cambridge Analytica and Facebook incident? Did you saw people's reactions when they found out that their data was sold without them knowing about it? The reactions clearly indicated that people are starting to realize the importance of their data and privacy.

Current situation and problem

Do you know how the social networking sites like LinkedIn and Facebook earns? You will be surprised to know that they sell data related to your activity to various companies. That clearly violates your privacy.

With the rise of social networks, people have lost control of their data. But, does this means we should delete all social media accounts or stop using the internet. Surely, that will be a stupid solution as we all know the importance of internet or social media.

There are many companies who expertise in data scraping and data analysis. These companies try to gather all the data about you and analyse them. Then they sell the report to anyone who is ready to pay handsome amount of money.

We have to remove these middleman (companies who gather and analyse your data) who tries to sell this information without you getting any benefit from that. And this is what Profedeis trying to achieve. Let's dig deeper to know more about how the company works?

What is Profede?

Profedeis a decentralized professional protocol which can be used by companies to get any professional behavior data of people. The company's sole aim is to reduce the effect of middleman which make the process of recruiting expensive and time taking. The ecosystem will give the users a right to whom he/she wants to share his/her professional data.

How do Profete works?

All the payments for information will be carried out using PATO tokens only. Let's try to understand how the token will be used. Suppose you are a professional user and want to generate your data. While generating your data you will have to set a price which has to be paid by those who want to access that data (only the private section).

Let the company X is interested in your private data. Company X has to pay the specified amount of PATO tokens. They will send the specified amount of tokens to a smart contract address. But, what happens when you don't get the payment due to some issue. Well, you need not worry about that as data will be made available to the company only when the payment is accepted by you. Profete has done this to make sure that power remains in the hands of each professional.

But, what about other charges? Profede does impose extra commision which has to be paid by the company itself.

Let's look at the total amount to be paid by any company (company X in this case)

Total price= your fees (for private data)+ App fees (equals to 10% of the cost of information)+Profede Fee (2% of the cost of information)

Profede ICO

If you believe that professionals should have the power to decide to whom they want to share their details, then join the movement led by Profede. The company is currently organizing its pre-ICO sale. The company has released 3 billion tokens for the sale. Profede tokens (PATO) will be sold at a rate of 1 PATO = $0.01 USD. The company has also set a soft cap of 1.5 million USD and a hard cap of 20 million USD. So, hurry up and be the part of a revolution by getting your hands on these tokens.

Profede and its future

Profede plans to release the alpha version of the platform on Ethereum testnet in the second half of 2018 and the beta version by the end of this year. The final version is scheduled to be launched for the public in somewhat Q1 of 2019.

Profedehas a good and experienced team behind it who are determined to give power back to the user. But yet, the company needs to address few issues. Why would any company use this platform if they can get all the professional information about you on LinkedIn? It's not like that Profedeis going to replace LinkedIn completely. So, It will be interesting to watch how they will address this issue.

Whether to invest in the company or not is your decision but do lets us know what you think about the company.

For more information

Website - https://profede.com/en

Facebook - https://www.facebook.com/ProfedeOfficial/

Twitter - https://twitter.com/profedeofficial?lang=en

Whitepaper - https://profede.com/profede-whitepaper

Published coineaglebt

Bitcointalk - https://bitcointalk.org/index.php?action=profile;u=1936073