ICO REVIEW ON DATABLOCKCHAIN.IO

The world we are in, is highly data related. Managers of organizations are flooded with data in form of reports, dashboards, and systems. The world constantly reminds us to make data-driven decisions. Major leaders salivate at the promise of Big Data for developing a competitive edge, yet most struggle to agree on what it is much less describe the expected tangible benefits. The business world is becoming a totally data-focused world, yet it is important to recognize that data is still at it's infant stage. Just like every other thing related to our daily activities/work, data is a tool filled with so much promises. As long as it remains in the right hands with proper approaches, the potential for data to enhance decision making is exceptional.

There are high demands for data scientists, due to the projected shortfalls in this emerging, important role expected for years in data development. Every year, organizations spend a fortune installing software to capture, store and analyze data. Marketing departments are increasingly filled with technical, data-savvy professionals at the expense of the creative roles.

We can all agree that data is a business savior, but a lot of difficulties such as poor quality, due to incomplete and inconsistent structured databases or repositories, drowning of information in data as some skilled personnel or organizations have decided to captured peoples information through data and die to increase in growth of data, a lot of data in paced, making it difficult to comprehend. DataBlockChain.io is a project based on blockchain technology in association with Media Direct, Inc. with the plans to democratize big data and level the data playing field by providing the most comprehensive marketing data solution to all businesses and individuals.

Overview of the DataBlockChain.io

DataBlockChain.io is a revolutionary data platform that stands to disrupt the way that companies and individuals gather premium data. They aim to democratize big data and level the data playing field by providing the most comprehensive marketing data solution to all businesses and individuals. They will provide an easily accessible interface for businesses or individuals and the data providers. The backend system will provide full confidence in data quality(for businesses and individuals) and monetary value for data (for data providers).

DataBlockChain.io eliminates all middlemen in the data industry who tend to raise prices and cause data inefficiency, as no order sizes are too small to meet. It opens up potential untapped market clients on the global stage, create a comprehensive variety of data sets, valuable to individuals and businesses looking to both attract and retain clients. With the existence of the DataBlockChain.io platform, all participants will be able to obtain the exact size of data that they are seeking.

Objectives of The DataBlockChain.io Project.

Empowerment of Data Source Providers to provide access to their data and monetize it.
Provision of full transparency, traceability, and auditability to the data providers.
Building confidence between the end user and data sources.
Availability of quality verified data for businesses and consumers.
Providing a simplified easy-to-use interface with a quick payment system for end users.

Blockchain.io Use Cases

The platform has a lot of use cases, below are some of them:

Data for Digital/Online Marketing
Data for Media Buying
Data for Analytical Modeling
Data for Direct Marketing
Data for Enhancement of Existing Data
Data for Risk Management
Data for Health Insurance Companies

Blockchain Integration

DataBlockChain.io utilizes the Ethereum Blockchain and smart contracts to complete it's transactions and payments. When business organizations or individuals seek to use data, they can search for any available data on DataBlockChain.io platform that meets their requirements. After finding the appropriate data, payment is then made to the data providers in other to access the data requested. This can be successfully done using a digital currencies that works together with the DataBlockChain.io platform using Smart Contract, as both parties meet their needs. All these processes can be done anonymously. DataBlockChain.io utilizes IPFS to store the completed transaction record and transactions can be audited. The Blockchain protocol keeps these transactions transparent, immutable, and verifiable.

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Smart Indexing Engine (SIE)

DataBlockChain.io utilizes a decentralized Smart Indexing Engine(SIE) to index all data sources and assign confidence scores on the sources. The SIE is a type of AI using data analysis and machine learning. It uses predictive analytics to create an appropriate score and It constantly checks and re-evaluates the sources updating the scores.

Data Assets

The project already has it's game built up, DataBlockChain.io has already obtained over one billion records on over 300 million consumers and sixteen million businesses. This shows how progressive the project will be.

DBC Wallet

DBCWallet is a browser extension that allows the user to store DBCCoins and use them to purchase services on DataBlockChain.io with a few clicks. The wallet creates a user friendly interface supporting the storage of other cryptocurrencies.

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