Data they say is life. There is absolutely nothing you do in this present technological age that doesn’t generate data, most especially now that the world revolves around the internet technology. Most people now upload every activity and transactions of their life on the internet because they feel that it’s the safest place they can always trust with their information. Not only individuals makes use the internet technology to their advantage, even corporate bodies and companies makes use of this excellent technology to store several information including staffs data, payroll, transaction records among several other uses. The internet technology I can therefore say has brought a lot of positive turn-around to most sectors of the economy.
The Problem
Undoubtedly the dependency of the world on this technology cannot be denied which is the reason why a lot of people makes use of it to update and carry out their daily activities either consciously or un-consciously but it has been noticed that these data being generated are being shared, used and monetized by the circulating online platforms.
The most unfortunate aspect of this all is that these data are being used and monetized by sold to research and analysis companies without the consent of the original data owners and they are not even being compensated.
Just a few years ago, there was a rumour flying around about the world’s most popular social media platform that use its users data to the advantage of the election conducted in USA without the conscent of data owners. These and many other occurrences that has happened on these platforms proofs no other point than the fact that online platforms robs users of their data which indirectly means that we are being stripped off of our rights and privacy.
To worsen the situation, there’s so much monopoly on these platforms which leaves most internet users no other choice than to keep depending on these platforms.
Should we continue this way without finding a solution to all of these?
What then is the way forward?
We all are aware of the next technological revolution which is the blockchain technology and the most interesting property of this technology is that no project can exhaust all its potentials and as a result, we now have several projects with several integrations into the most global sectors with the sole aim of bringing tremendous changes to these sectors.
If the blockchain technology can be used to revolutionize most global sectors, then why can’t we have it to solve this problem of data centralization and usage by most online platforms?
This is a question that the Dayta platform has come to say yes to.
Introducing Dayta
Dayta is a decentralized blockchain based platform developed mainly to capture, secure, manage and enable people profit from their personal data and information.
This platform has been implemented in the form of decentralized application (DApp) on the Ethereum blockchain technology.
The below picture represents the high level architecture and its components.
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Dayta DApp will run initially on ethereum blockchain after which other sidechain technology such as plasma can be adopted in the near future.
How Does Dayta Platform Works?
Dayta platform being a blockchain based platform will allow its users the opportunity to share, transfer, process and use personal data in a very secured way with utmost data privacy without any fear of data breach.
Users can now easily store their own data and have complete access to it and can also decide to monetize their data by selling to researchers or data analysts.
Another exclusive feature of this platform is the bringing together of marketing companies and Dayta platform users for smooth interaction and relationship.
Shown below is a picture of the Dayta mobile DApp dashboard
Dayta Mart
As we all know that on Dayta platform, data owners have the opportunity of selling their generated data to buyers of data for research and analysis purpose, Dayta have therefore made available a meeting place for all users that wishes to sell their data either for the purpose of making profit or not.
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Token and ICO Details
Dayta token (XPD) with a total supply of 2,500,000,000 will serve as the fuel of the ecosystem which will be used to facilitate agreements between sellers and buyers of data. 1,500,000,000 XPD tokens will be sold during token sale at the price of 37,500 XPD per eth.
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Funds distribution
Conclusively, Dayta platform is here to restore data ownership to us all which gives us a complete control over our data and also ability to monetize it at our own will. Not only will this be beneficial to data owners but also allows data buyers to get good, quality and reliable data for analysis and research purposes.
For more information about this platform, kindly check the links below;
Whitepaper
ANN thread
Telegram
Facebook
Twitter
Medium
Reddit
YouTube
GitHub
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