PRIVI Protocol
I came across a Decentralized Protocol recently and became excited about it because of its uniqueness and numerous advantages embedded in it. The name of the platform is PRIVI Protocol.
Part of the things I find interesting about PRIVI Protocol is its ability and potentials to bring about massive adoption of Cryptocurrency by non crypto users. I am a die-hard fan of Blockchain technology and unrepentant crypto enthusiast, therefore any project that will lead to enmass onboarding of the majority into the crypto world tickles my fancy naturally. My username on Bounty0x is Petoz.
PRIVI Protocol is a customizable, no-code social & financial network that will restore the dignity of data Privacy to users and create opportunities to enjoy various Decentralized Finance (DeFi) services without compromising the ability of users to stay in charge of their data.
PRIVI Protocol is a combination both social and financial network. More so, it avails the user numerous opportunities on a Decentralized Finance (DeFi) platform such as liquidity pools, staking, swapping, insurance, Non Fungible Tokens (NFT) and many more.
Meanwhile, the platform has some unique features such as personal customizable social and financial network. Moreso, PRIVI Credit allows users get loans without necessarily a collateral. Amazing! right? Check out the Website for more information.
DAO
PRIVI Protocol is a multifaceted platform that touches various innovative ways of operation on the Blockchain. The more I learn about the project, the more convince I become about its viability.
PRIVI protocol will bring about DAO with customizable tools for each community. Each community will be able to mint their tokens and determines what goes on in the community.
Pods creation
Users will be able to create pods by collateralizing their physical and digital assets. By so doing, the pods could be marketed to the community, various individuals, family and friends as a means to generated needed fund and the Decentralized Insurance are available to take charge of insuring the assets for security purpose.
Data Privacy
Of a truth, the 21st Century has become more digitized than all other centuries in history. Virtually everything we do these days is directly or indirectly connected to online services. It has almost become impossible to stay without relating with the digital world a daily basis. In so doing, huge amounts of our personal data are issued out to various platforms to the extent that we are unable to control the data we create, instead, these online services see data as their own.
Over time, many users have had less control and insight over their personal data. Some unfolding events in the digital space recently have made bare the potential dangers of the current data management model.
For example, a giant Social media network was found guilty of data bridge and it affected lot of things and brought about change in some data usage policy. It was also highlighted that user data was used to influence voters during the general election in the U.S in 2016.
The question at the lip of everyone is "how do we manage this situation?" We cannot do without interacting with the digital world and at the same time, some large corporations are making money off our personal data. If you have followed my case to this point, you need not to worry, as PRIVI Protocol is out to proffer solution to the problem of user's data control.
Solution to Data Privacy Issue
A big and unique feature of PRIVI Protocol is to decisively deals with the lack of transparency in user's data usage and some other bad practices pertaining to user data generated on various online platform . This is how it will achieve it; The PRIVI protocol has data control features that gives users the liberty to fully control their data. PRIVI ecosystem will ensure complete transparency when it comes to usage, storage, with guaranteed security and privacy.
PRIVi is a protocol that is built for the new digital age, which addresses user concerns about their data, which are founded on the principles of new data protection laws such as GDPR. Check the Whitepaper for details.
Applications
Applications built on PRIVI Protocol will integrate data control features into their Privacy Settings; this will inform users of the full list of providers, advertisers and companies that are participating in the PRIVI ecosystem and it will be available for users to enable or disable data sharing. If a user wishes not to share personal data with any company or industry, it will be so as no company has access to user's personal data without consents.
In that regard, users can decide the companies they wish to share personal data with. For instance, user can decide not to share data with any company as it could be used to influence market behavior. But in the case a user decides to share data with organization, company or industry, it gives the potential to gain from the sale of the data.
A sponsored article written for a bounty reward.