Do you remember the recent case of Facebook data leaks? It was a serious case of using the private data of users for commercial purposes and selling it to other companies. The problem was so big that Facebook could even track your usage even after you have logged out of Facebook. Yet the end users didn't care about it much, because they never really understood the worth of their data. In today's world Data is the most powerful thing. Everything thing around us works on data which is collected, sold and analyzed. From decision making to strategy formulation to forecasting things, everything works on the collected data. This data is collected by various primary and secondary means like questionnaire, interview, telephonic conversation, already printed materials, previous researchers etc. Yet, in most of the techniques of deliberate data collection, the source tend to not be honest and lie which affects on the end result. Hence the best way of data collection is the by tracking the usage of a person online and collecting the information he himself feeded on the internet. The companies seeking such data get it from various websites and applications. These sites work as intermediaries between the company and the data creator. They earn very handsome amounts for providing the data to the companies without the permission of people whose information it is, while the people or professionals get little or in most of the cases no money at all. There is a serious need to create a platform which could be the bridge between various players in a market and would make the professionals earn rewards for their data which is their own property. And hence, a company called Profede came to the rescue.

Profede.com

Profede.com is a platform which rewards the users for their data used. It is a Blockchain powered technology which decentralises the data, hence making sure that the data is not used without the permission of the user. It also uses its own crypto currency called PATO which makes it very easy to make transactions on the app. The functioning of the profede platform is very basic. The users upload their information on the App and the businesses interested in it would pay a sum which would be given to the users after deducting the fee taken by profede. There are two different types of App on the platform called as the Blue App and the Yellow App. The Blue App is where the Professionals would enter their data and set their pay while the yellow App is where the business looking for the information and ready to pay the amount would receive the information. The profede platform acts as the bridge between the parties. If the professional doesnt accept the request of the business, the business would get a refund of their amount paid. The platform offers various products for to business, influencers, professionals, job seekers and hirers.

PATO Token

The profede has its own crypto currency called the PATO token. It's an Ethereum based token which is a utility taken for the platform. It helps in making payments and accepting fees on the platform. As it is a digital currency it is more efficient and fast as compared to the tender currency. The values of the PATO tokens are expected to appreciate as more and more users and businesses come on this platform. As the amount of tokens released are limited and the demand would be increasing, the prices are ought to increase.

Conclusion

The users and professionals are denied of their rightful rewards since a very very long time now. Their data and information have been used and the intermediaries have gained the advantage from it. Profede is looking forward to completely eliminate the intermediaries from the process. They are trying to directly link the professionals with the businesses. This would create a better rewarding ecosystem and would create a win win situation for both the parties. It works on the very basic idea that the data that professionals generate which is their property, will now earn them rewards as well.

Website - https://profede.com/en

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

Telegram - https://t.me/joinchat/AFpTXgkzZZjESOaSB1wRCQ

ANN - https://bitcointalk.org/index.php?topic=3262112.0

Published by – dannywhelan

Profile - https://bitcointalk.org/index.php?action=profile;u=1606458