As much as we all globally, are enjoying the benefits of advanced communication and interaction technologies, which can be related to individual relationships, business transactions etc. We cannot ignore the problems that these platforms have posed in recent times. These platforms are at advantage as they are on the receiving end of every individual on the platform, as such the individuals benefit less but pay for the use of these platforms which are also subject to insecurities like hacks and loss of information and vital documentation.
On a daily basis it's been calculated that individuals emit a massive quantity of data by their use of various digital platforms via their electronic gadgets and devices. Most of this companies through dubious means initiate an understanding with various network providers which at the end is highly beneficial to them.
While these companies hold greater possession of this data, which the users burn on platform subscriptions as a result of the constant usage of the platform which a lot of individuals cannot do without,the producers do get any form of incentives to encourage their efforts on the platform.
To give data producers, that is individuals who are in constant use of these platforms thereby producing data the opportunity to benefit by Monetizing the data they generate, is very visible with the development of the blockchain. This would be quite intriguing to every producer as the benefits will be accrued to instead of the system or companies.
This is therefore the area of interest in developing the Privi protocol. Let's look into what this entails.
AN INSIGHT INTO PRIVI PROTOCOL
Privi protocol is the future of Defi and self managed social networking. This protocol incorporates two major blockchain protocols(data protocol and the finance protocol) to solve the problems data producers face during the course of using various social media platforms.
To create a convenient atmosphere for the use of these platforms and continued production of data by Monetizing the product will encourage more use and data production thereby facilitating the advancement of the Privi protocol. The Privi protocol community has adopted various tools for these problems solving.
HOW PRIVI SOLVES THIS PROBLEMS
User Value Drivers
There is literally no angle of lives that digitization hasn't affected in one way or the other. As often as we make use of these digital devices we create wealth for the companies through data burnt without any control over them.
To change this status quo, the Privi protocol is addressing the issues of foul plays noticed on users data,by offering individuals the opportunity to be incharge of their lives and ensuring maximum security for their data.
Data Optimization and monetization
A major fraction of the world's population spend almost 12 hours of the day on their digital devices, either for business, communication, entertainment and other possible digitally performed activities.
It would be extremely mind blowing to both save time of enriching and monitise our efforts on a better platform. Which is what privi protocol is all about. Through the 'Privi website extension' where users monitise their activities on the sites and commodities are brought to their feet saving them time of scouting for their needs.
Digital ID
In the area of business transactions financial institutions like banks go through tedious procedures to carry out payments for transactions and this includes delayed and high transaction charges not mentioning the irregularities in the system.
To curb thus, the Privi protocol makes transactions seamless for users by ascertaining the trustworthiness of any partner before the transaction is carried out. This is done through the use of rivi digital identification that gathers the information of the partner.
PRIVI TOKEN
Just like other digital systems, Privi protocol also has its major token in the Privi protocol community which serves as a transaction medium for all its transactions, including payment to users for their activities on the protocol's website.
The Privi coin has better features as opposed to other currencies in that it serves as both a store of value and data, allowing its users to enjoy its continuous advancement on the platform.
CONCLUSION
I can say that platforms this interesting have not come by lots of us before, hence the reason why every digitally active individual should leverage on the potentials of this outstanding platform.
PRIVI protocol is an eye opener, not only educating us on how to benefit from our produced data but also save time and Monetize our data and earn for activities on the 'Privi website extension' to enhance its ecosystem.
For more information about this innovative project, click the links below;
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/
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