PDATA: TAKE OWNERSHIP OF YOUR PERSONAL DATA

A wise man once said- "If you are not paying for it, then you are the product".

With the age of evolution, the internet has become more significant in our lives than ever. It gained popularity due to its variety of use-cases at a very low or no cost. Although many of us are not aware that these services are not actually free, we are paying for them with our precious personal data.

But are we well compensated? Shouldn't our privacy be worth more than that? Shouldn't our consent matter in the auction of our own data?

Well, you are right if you think that too!

Data Brokerage is a billion dollar industry with a potential of whopping $250 Billion USD every year and increasing.

The social networking businesses are making wealth hand over fist selling our data, without our knowledge. And in return, we are not even paid for our own product.

What if there was a way for us to sell our data directly to the companies seeking it? Earning for a commodity that we have been giving away for nothing, till now.

Well, read on. We have got you covered.

PDATA: YOUR PERSONAL DATA IS PRECIOUS

As the awareness has spread at an increasing rate, people have become more cautious of their activities on the internet. Many have started taking measures for browsing more privately. This drastically affected the quality of the data generated by the data brokerage firms. No matter how deep they dig, the desired integrity of data isn't generated.

It is necessary for these companies to acquire this data in order to serve the users better and innovatively. As a result, the companies worldwide are desperately looking for quality user data.

This has made a disaster out of the whole situation as the companies are not able to fuel their Market and research requirements. This is responsible for an investment downfall of billions of Benjamin bills.

Although despite the great loss, the uncontrollable and hideous ways of violating user's privacy for the data is not an ethical solution. Instead, we need to maintain an equilibrium.

PDATA: ETHICAL TRADING OF PERSONAL DATA

To treat the current state of anarchy, we must find a way to establish a fair compromise system which should benefit both the parties in the loop. The companies should be able to receive the needed user data input and users should be compensated accordingly.

PDATA plans on creating a blockchain-based marketplace allowing the companies and the users to connect directly, without the need of any middleman.

Here, users can share their personal data with the companies based on their decision. In return, the companies will pay the users in PDATA tokens based on the values standardized by PDATA.

PDATA uses Opiria platform, where users can create their profile and provide data as per their preferences. Users can contribute using various means supported by the platform i.e. using the browser plugin, using the smartphone apps, wearable devices and also by taking on surveys.

Users will receive PDATA tokens for performing all these actions on the Opiria platform.

PDATA TOKEN INFORMATION

PDATA will generate a total of 750 Million PDATA tokens each worth at a decent $0.1 USD.

Private sale will begin from 9th April 2018 onwards, with a soft cap of $50,000 USD and a hard cap of $5 Million USD.

Followed by the Public Pre-sale , which begins from 10th April 2018 till 20th April 2018 with a bonus of 20% for $5000 USD or more.

Public sale (TGE) will trigger automatically on April 21st, 2018, if the hidden cap of Public Pre-sale has been surpassed and will end on May 21st, 2018. The bonus will be reduced by 1% every next day, down to a minimum of 0%.

The targeted hard cap for all the three sales combined will be $30 Million USD, which may be increased by $5 Million USD making it $30 Million USD , depending on the sales performance.

Payments via BTC, XRP. Ethereum (ETH) will be accepted via a smart contract.

The PDATA tokens will be provided to the user in their ETH wallet.

THE CONCLUDING REMARK

Considering all the aspects of ethics or profit, it is safe to assume that we need both in order to prosper.

Companies directly in touch with their targeted audience can get detailed and top quality data compared to what the brokers were offering.

Users can make a lot of easy bucks by just providing what they were giving away for free earlier.

PDATA will work as an intermediate between the two, making the job convenient and secure for both parties.

For more details visit:

Website: https://www.opiria.io

Whitepaper: https://www.opiria.io/wp-content/uploads/2018/01/PDATA%20White%20Paper%2020180118.pdf

Btalk ANN : https://bitcointalk.org/index.php?topic=3076122

Telegram : https://t.me/PDATAtoken

Blog By: Lanirm Knayam

Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1308391