PDATA Token : Secure Trading of Personal Data

I was randomly searching for shoes the other day on Google. Not that I wanted to buy it, but just like that.

After a while, I switched to YouTube to listen to songs. Before every song, you get an annoying ad. But this time, it stole my attention. It was one of the shoes I was searching for on Google.

That's when lightning struck me, we are being watched!

Well, that might sound unbelievable, but that's the harsh reality. Every movement of yours in the online world is closely tracked by different organizations. And the worst part?
They monetize it without our permissions and earn tons of money while we don't earn even a single penny.

Personal data is no longer personal. This is something that Opiria token wants to change for once and for all.

What is Opiria?

The Opiria platform has been developed to create a global marketplace where data owners can sell their data to the people who wish to use and/or buy it while ensuring absolute transparency and control over the data.

Well, all this may sound a bit complicated.

Let's have a look at a simple example.

I have 10 oranges. I wish to sell 4 to my friend and keep the remaining 6 for myself. This implies, I have absolute control over my orange and I decide how many I want to sell and how many I want to keep.

Now just replace oranges with data.

Opiria ensures that your data remains yours. You can choose which data you want to sell to whom, and which one to retain.

And not only this, data owners are rewarded for sharing their data, something which is unimaginable in today's highly unethical industry.

Opiria's simple solution is the best answer to the current non-transparent and unethical data brokerage industry.

How does it work?

Opiria believes in keeping things simple and has decided to go ahead with a two-sided token economy having only 2 participants - owners and companies.

Consumers first choose which data they wish to share. Accordingly, companies who are willing to buy their data approach them and buys the data by rewarding them with a suitable number of PDATA tokens.

Thanks to blockchain, the data which owners do not wish to share and their identity are never disclosed.

On the flipside, the companies will get easy access to personal data of people. They can procure these from the users by compensating them with a suitable amount of PDATA tokens. Also, since they obtain data directly from users, the data they get is of much higher quality.

And what is common to both the owners and the consumers?

The Opiria platform.

Opiria ensures full transparency, anonymity, security, and privacy while keeping both sides of the economy happy.

The PDATA token introduces a new form of currency that expresses the exact value of personal data of people.

All in all, the major challenges of the data brokerage industry is overcome by Opiria.

About ICO

The PDATA token is a utility token. Consumers receive them from companies for sharing their data while the companies need PDATA token to buy the personal data of users.

Roughly, 750 million PDATA tokens will be created. About 60% of these tokens will be sold during the pre-ICO and ICO period. One token is worth $0.10. The soft cap is set at $30 million.

A private sale with 50% bonus will be held until April 9th, 2018 followed by a public pre-sale from April 10th, 2018 to April 20th, 2018.

The Public Sale will begin on April 21st, 2018 and will end on May 21st, 2018.

The bonus on day 1 of this sale will be 15% and the bonus will go down by 1% each day.

Verdict

Today's data brokerage industry is highly unethical. Opiria has decided to take up this challenge and has performed beautifully so far.

Data owners get control back over their data. They can choose how much they want to share. And the best part is that they are rewarded for sharing their data.

On the other hand, the companies get access to data directly from people. This renders middlemen useless and ensures transparency, security and lesser risks for the data owners.

The PDATA token along with its economy changes the face of the entire data brokerage industry.

Summing everything up, it won't be too wrong to say that Opiria is a revolution in the data industry!

To know more 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

Published By: Ollivander7

Btalk profile:https://bitcointalk.org/index.php?action=profile;u=1069616