:: DATABLOCKCHAIN.IO :: Merging Big Data, A.I. and Blockchain Technologies
DataBlockChain, allied with Media Direct Inc., is a project aimed at making critical data easily accessible to everyone who needs it. This project also provides big data at a rate unseen in the industry because it eliminates middlemen in the data management sphere.
The essence of the project is the democratization of data by making it available at a cheaper price and allowing clients the ability to access these data in a efficient, targeted, and cost effective way.
DataBlockChain Introduction Video
The demand for data is growing at an exponential rate but much of this data is available to the biggest players and payers such as Fortune 500 companies. The fragmentation of the data industry makes it challenging for seekers of data to get them. This is because the listing and storage system is complicated that it most times takes brokers who are conversant with the industry to efficiently provide needed information.
This inefficiency leads to time wastage as entities strive to get data.
Sometimes, the correlation between the delivered data and the desired may not be as desirable as required, leading into compromised data quality and increase the chance of duplication of data. Funds are expended in gathering and selecting multiple data records to create an exact required data set. This is the reason an obstruction is created between the small companies and the digital data marketplace.
The main challenges are faced by the data owners.
- Trusted and Reliable data - They may not trust a third party organization to store, use and monetize their data.
- security - What secure technologies are being implemented to safeguard from data theft
- transparency - Where and when the data is used to prevent manipulation or duplications
These concerns make individuals un-willing to have outside parties control and access their data.
Datablockchain solves the demand for data and issues like lack of targeted data selection and lack of transparency. The company is integrating its own proprietary database with those of other big players around the globe to ensure that clients’ data needs are met.
Datablockchain eliminates third-parties from the equation through the use of the distributed ledger solution resources. This ensures a effective service delivery to the clients.
The project will create a more advanced way to collate and collect data it delivers to the client. This will be enabled through the creation of a UI that allows the buyer to search various types of data to match their required needs.
These types of data may include demographic, behavioral, psychographic and demographic characteristics. A single query can search hundreds of sources and billions and billions of record within a specific time.
DataBlockchain.io will utilize the Smart Indexing Engine that will provide the most accurate and latest data. The search result will contain a set of record which can be downloaded and utilized. The search result may be one entity which fulfills all the required parameters or billions of entities that matches the parameter.
Getting Started with DataBlockChain
DataBlockChain [DBCC] ICO is Live!
- $18 Million + Currently Raised
- Ending on 11/4
- Visit Website for Details: https://www.datablockchain.io/
Additional Investor Information
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Article written by @justiceforall
BitcoinTalk user: Mr.Ease
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