Blockchain is presenting us with almost everything now. We are equally grateful for the same. The most important thing that it got us is the Internet of Value. The Internet of value world is definitely one of the most outshining and emerging platforms that aims at bringing up a brand new world that will make data transaction easier for consumers as well as businesses. This goal is achieved by YourBlock as it looks ahead to be at the front when the talk is about the digital revolution.
YourBlock, aiming to be the first Blockchain based comparison and incentivised based Personal Data storage platform. Allowing the consumer secure access to quotes for products and services when the consumer wants Smart contracts between the consumer and service providers completed on the Blockchain.
YourBlock will store the consumer’s personal and sensitive data on its own private Blockchain; it would be too dangerous to store it on the public Blockchain. YourBlock will “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.
YourBlock will provide consumers with the power to control their personal data, and freewill to choose who, and when to engage with. We intend to put consumers in a position where they have control of their data, have the ability to easily communicate transparently with service providers, and to eliminate any confusion surrounding the contracts both parties enter into.
YourBlock will not only be of benefi t to the consumer, but will also help service providers on the YourBlock platform. Provided these service providers aren’t taking personal and sensitive data from other organisations, they will no longer need to spend excessive amounts of money on highly secure IT infrastructure. They will no longer need to hold their customers personal and sensitive data on their systems. Insurers will no longer have to pay excessive costs to software houses for the set up and maintenance of their underwriting guides.
YourBlock will allow both consumers and service providers a secure area to transact business, to manage that account securely throughout the contract term.
The YourBlock platform will off er several advantages to both consumers and service providers:
Customer advantages using YourBlock:
Financial savings by sharing commission/origination fees earned by YourBlock, through simple price comparisons and alerts, and through smart tracking of spend on services.
Time savings and convenience by only having to maintain and share a single Blockchain digital fi ling cabinet, and by using smart contracts for simplifi ed claims, modifi cations, cancellations and renewal processes.
Higher data privacy by controlling who and when service providers get access. Limiting access to only the data absolutely necessary to off er the service.
Greater transparency on comparable services and on policy/ contract terms.
The more users on the platform the greater the chance to get better deals with the service providers for their products and services.
Company advantages using YourBlock:
Improved consumer data quality, kept up to date post onboarding.
Automated compliance with the EU’s new complex GDPR (General Data Protection Regulation) data privacy regulations.
Cost savings and improved customer experience enabled by the automation of onboarding and claims, modifi cations, cancellations and renewals of policies/contracts.
Reduced insurance fraud through the use of automated smart contracts.
There are several additional benefi ts to related parties in each industry.
For example, in the Insurance space, the following parties will also greatly benefi t from YourBlock: re-insurers; industry watchdogs; brokers; regulators and law enforcers.
YBK Supply
Total token supply = 200 Million (200,000,000) YBK tokens
30% of YBK tokens sold to public in the token sale.
YBK Value = €0.50
Hard Cap = €30 Million
Soft Floor = €5 Million
YourBlock Token allocatin
Basic Terms
Pre sale start date: 18th December 2017 — €10 Million Discount on pre sale YBK tokens up to 40% — Lock in periods will apply
Pre sale end date: 15th January 2018
Main sale start date: 15th January 2018
Main sale end date: 26th February 2018
More Information:
Website: https://yourblock.io/
Facebook: https://www.facebook.com/WeAreYourBlock/
Twitter: https://twitter.com/weareyourblock
My BCT link: https://bitcointalk.org/index.php?action=profile;u=1416848
My Medium: https://medium.com/@ach4you/yourblock-2585d7933a3