What is Personal Data System About?

Introduction

Have you been embarrassed by hundreds of spam e-mails invading your mail account from different companies and businesses you have at any time never heard of? You know what that means? It is an indication that someone, somewhere described as a data broker has somehow laid hold of your data, cleverly packaged it as a product and trades it to different companies across the world. But with the coming of Opiria, a solution has arrived.

What is Opiria?

As shown in the White Paper, it is clear that Opiria is a market research platform that is web-based and one that allows companies to know and understand in real-time what consumers think, sees, feel and experience so they can design improve products and render effective services. The approach used by Opiria is a revolutionary one and is aimed at establishing a direct line between consumers and companies by way of targeting an addressable market base of 2 billion people all over the world who have access to the internet through their smartphones and are always online. By so doing, Opiria can gather information and feedback from such people wherever they may be and at whatever time.

The Opiria’s Mindset and Business Goal

As stated earlier, the need for businesses to access consumers’ data in the open marketplace is growing, but most of them have been approaching it the wrong way. The majority of these companies act as middlemen, paying for data brokerage so they can get to understand consumer’s behavior, with a view of producing more efficient goods and services, including an authentic marketing strategy that aligns with these behaviors.

Against this backdrop, Opiria is building a blockchain-based platform that will function as an extremely secure and transparent open marketplace. This marketplace will enable consumers to be in complete control and determine who will have access to their data and what type of data is accessible. What this means is that Opiria is creating an ecosystem, one in which consumers and companies will agree on which personal data they have right to access and use for whatever purpose. All of these innovative and revolutionary processes are made possible through the use of “Smart Contract” feature of the Ethereum blockchain, plus a house based utility token called the PDATA token.

The Opiria PDATA Ecosystem

The Opiria PDATA token ecosystem, together with the blockchain-based platform enables the company to develop a central marketplace that allows companies to directly purchase personal data from about 2 billion consumer-based network online, without going through intermediaries. You can quickly become a part of Opiria PDATA ecosystem provided you have a smartphone, and you connected to the internet.

Currently, Opiria is available on the international market where it is assisting companies to have deeper to have a more in-depth understanding of what consumers needs and requires. Some notable companies’ already using the one-of-a-kind Opiria platform are:

• Audi
• Nissan
• Volkswagen
• BMW
• Freightliner
• Gamble
• Intel
• Daimler AG
• Procter

The operation mechanism of the PDATA

To ensure that the platform is developed to full working and innovative capacity, Opiria is making use of ICO or crowdsale token launch (CTL) to raise capital for the funding. The ICO is the first ever personal data crowdsale token to be launched and kicked off on the 8th of January, 2018. Under this crowdsale token process, every single PDATA token will be utilized as a means of paying consumers who are willing and committed to trade personal data.

Practically, it was in the second quarter of 2015 that the project commenced. It was during the fourth quarter of 2016 that the Opiria platform came into being following its successful launch. Through its Opiria.io website, the company will start running its ICO crowdsale beginning from the first quarter of 2018 down to the first quarter of 2019—a period that will see the completion and rounding up of the PDATA token and its unique Opiria ecosystem.

What to expect from the Opiria ecosystem functionality

If you are still in doubt regarding if you should join up with this system, here is what to expect from it.

• The functionality of the Opiria ecosystem will be completely void of any central control or authority.

• During its lifetime, the ecosystem will handle the entire stages regarding personal data—from the marketplace to company’s usage of such data.

• The Opiria ecosystem provides adequate protection for the consumer’s data privacy through secure trading of personal data.

• The system encourages consumers to provide access to personal data for companies who will have to pay through token which is referred to as PDATA.

• The system allows for tracking of consumers behavior through browsing, online purchases, App or Software usage on Smartphone or tablets and PC/laptops.

• The system helps in taking data measurement from wearable such as heart rate, activities and smart devices like smart scbrightsmart home, etc.

How companies access personal on the ecosystem?

Companies that wish to gain access to consumer’s data must first create a free account with the Opiria ecosystem. After that, such companies can start accessing disclosed personal information available at the PDATA marketplace provided they are granted permission is by the consumer.

Opiria Value Flow and Payment

Payments are made in PDATA tokens through the blockchain. Everything is done in real-time once everything has been put into place. The flow of PDATA tokens occurs when the company sends o the consumer a payment rated as Xdp as consideration for allowing access to its data. Then, the Opiria platform gets its share Xos.

Conclusion

For companies, the oil of the 21st century is personal data, but it is something that so many companies are approaching the wrong way. Even as data brokers are having a field day violating the consumer’s privacy just to obtain their data, the Ethereum based platform created by Opiria has come to resolve this blatant privacy violation of consumers, and making the entire process one of a genuine and legitimate act.

Roadmap

Learn more about PDATA:

Website:https://opiria.io/
Telegram:https://t.me/pdatatoken
Twitter:https://twitter.com/PDATA_Token
Facebook:https://www.facebook.com/pdatatoken/
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