The advent of modern means of communication has been globally embraced and appreciated. This has offered a seamless communication, business, and human relationships all over the world regardless of one's location, as opposed to the old.
This modern medium of communication which happens to be digital has become everyone's lifestyle, people have different things they would do online including communicating, buying and selling, checking news updates, gaming,entertainment etc. All of these are done by subscribing data to the platform.
The questions on our minds is, where does all the data the population burns go to? The companies who are in control of this platform and sites are enriched massively by the activities of users while the users who are the producers of data are left with nothing.
Which is why PRIVI NETWORK has proposed a perfect solution of giving back to data producers.
WHAT THEN IS PRIVI NETWORK?
PRIVI PROTOCOL is a decentralized and financial social network solution. This is the future of social media,as it avails individuals with the needed tools to set up social media structures that benefits them financially as well as best social networking experience.
To achieve its uniqueness, privi protocol adopts certain decentralized finance tools like the NFTs and social currencies. The network employs the use of the following as its working tools.
FEATURES OF PRIVI PROTOCOL
In the Privi community there are various components, services that are put in place to advance and offer satisfactory services to users of the platform.
USER VALUE DRIVERS
User Data Control
The amount of data an individual burns on a site or platform is calculated by how frequent the platform is used by the individual. The world has gone highly digitalized which means that virtually everything we do is done online.
The Privi network aims at creating a trustworthy social networking experience for its users by allowing them take control of their produced data.
Data utilization and monetization
Every internet user spends an outrageous amount of time online every day, I can say that in a whole week it could be calculated that people spend three straight days online.
Let's imagine that all the time spent enriching the companies behind these sites and platforms, is leveraged on and beneficial to the user. Which privi protocol creates room for individuals to monitise both their time and the data the burn. All these can be taken care of with the 'Privi website extension'.
Means of identification
To curb irregularities and fraud, the intrusion of third parties by hacking. The Privi protocol makes provisions for a means by which individuals are regarded as bonafide members of the platform by issuance of a digital means of identification which will encourage transparency and facilitate the growth of the network.
ADVERTISERS VALUE DRIVERS
Data insights discovery
Because people are constantly in use of social media for different purposes, the amount of data burnt into these platforms is immeasurable, data users have no idea of where the data they produce end up.
With PRIVI protocol individuals will have vast knowledge about the data they produce via the 'data insight discovery engine'.
Understanding customer behavior
In order to serve customers better, the platform has made provisions for tools to trace business in order to understand what the customer wants. With this network, establishments can regulate the customer's transacting power and also give incentives to deserving users with the Privi coin.
PARTNER VALUE DRIVERS
Big data
In a bid to subsidize data cost for its users as some platforms like Facebook, Amazon etc use big data. The Privi protocol convinces these big companies with promise of offering them best Al and sophisticated technologies to help them remain in the market with their counterparts, which encourages their efficiency and reduces costs for users
Data monetization
In order to take back the centralized data structure from these companies who build wealth on individual's use of the platform, Privi offers a solution for users to monetise their data production. This way the individual saves both time and earns while using the network.
THE PRIVI PROTOCOL TOKEN
To facilitate transactions on the network, the Privi protocol has developed its own major token. The Privi coin which is used in all the network's services as its legal tender helps facilitate and speed up the transaction process and encourage development of the network.
This doesn't just serve as a means of transactions, it is also equivalent to Dat storage, hence it serves two purposes, a storage of value and data. This way the users on the platform enjoy the use of the platform.
CONCLUSION
For any platform that would offer the opportunity to earn back on each data usage, any internet user will instantly jump at the offer to create a better browsing experience and help monitise the process
Not only does the platform allow users earn, it also creates maximum security, seamless businesses transactions and at a reduced date cost. Who wouldn't love to be part of this amazing revolutionized social media platform.
USEFUL LINKS
Website- https://priviprotocol.io/
Whitepaper- https://priviprotocol.io/whitepaper
Twitter- https://twitter.com/priviprotocol
LinkedIn- https://www.linkedin.com/company/privi-protocol/
Telegram- https://t.me/protocolprivi
Instagram- https://www.instagram.com/priviprotocol/
BountyOx Username- gosphas
“A sponsored article written for a bounty reward.”