YourBlock project

luckyji (35)in #yourblock • 7 years ago

your block.png
Your Block
As large organizations depend on electronic data and computer networks to conduct their daily operations, growing pools of personal and financial information are being transferred and stored online. Individuals are increase large and are exposed to privacy violations, and financial institutions and other organizations are also exposed to potentially enormous liability if and when a breach in data security occurs.

Some of the Problem

Some of the corporate bodies move on data to many organizations annually, when they are at the ending point through online information requests, or purchasing products and services such as car, home and pet insurance, utilities, TV and broadband packages, mobile phones, loans, mortgages, and many more. As an organizations largely depend on electronic data and computer networks to perform their daily transaction, operations, growing personal pool and financial information are being transferred and stored online. Individuals are increasingly exposed to privacy violations, and financial institutions and other organizations exposed to potentially enormous liability if and when a breach in data security occurs.

The Solution and Opportunity
Even as we have some problem we equally have some solution and opportunity, the solution is to guide the consumer with a safe and secure platform that they can enter all of their (and their family’s) personal data, including PDFs (for example, of utility bills), images and emails. Subsequently, to boost the consumer with the ability to view quotes for products and services without making use of their data leaving the Blockchain. Making all business transaction within the consumer’s own digital platform cabinet. The consumers will full take charge over the personal data no 3rd party will ever be in possession of the consumers personal data; they would re-request access to the consumer’s filing cabinet, if required, again with no personal data ever leaving the consumer’s digital filing cabinet. YourBlock platform will store the consumers’ personal and sensitive vital data on its own private Blockchain; it would be too dangerous to store it on the public Blockchain. YourBlock platform will hold “anchor” to the public Ethereum Blockchain to prove/achieve immutability and data integrity, without making the data itself publicly visible. The consumers’ data will only be visible to permissioned participants on the private YourBlock Blockchain.

Concept
YourBlock platform is working seriously with the aim of been the first Blockchain based comparison and incentivized Personal Data storage platform. A Blockchain digital filing cabinet, designed from the ground up to address the need of consumers to have somewhere safe and secure to store their data, data that they use on a daily basis to manage their day to- day business lives. Imaging that YourBlock is your save at home where you keep all your vital or important documents, utility bills, passport, driving licence,bank statements, and other personal documents.

Market Statistics
Average Monthly Household Expenditure – Data below does not include all household expenditure, and is taken from a number of sources and is reported against different periods in time.