Thirty years ago when the internet was created the cyberspace was free from crimes, spies, scammer, hackers and other people with nefarious intentions. In recent times, the internet is not safe and secured as a lot of crimes are happening in a place where there is no policing. Most websites and businesses use the data and information provided by unsuspecting users for their unethical use.

It is a known fact that most websites and online businesses collect their users' data and store it. They get information every time a user logs into their website through surveys, questionnaire, register or open an account. Unsuspecting users' information is collected, stored and sold by unethical people.

Why Data is Needed

We are in the technology ere were the internet of things are critical in our lives and makes life more comfortable. It provides innovative business opportunities, growth, and development in all sectors from manufacturing, agriculture, medicals, finance, retail marketing, supply chain, and logistics, and so on. Data and information are necessary for businesses and companies to gather information on their customer’s need, satisfaction and grievances in other to design products that met their needs.

The collected information is used in marketing sales and retail to predict how the user thinks, what he likes, the stores he uses to make purchases and much more. This information is analyzed and used by businesses to make sales and in the end, the businesses make more money.

The internet generates data very second and data houses that sell users data and information make a lot of money. Personal data market is on the increase and is predicted to reach 1 trillion euros in 2020. The personal data market is a gold mine of which the data owner should get paid for using his data not those that have stolen or use his data without his consent. The Facebook and Cambridge Analytica saga is an example of entities profiting from personal data without the consent of the individual.

The General Data Protection Regulation (GDPR) was updated and has gone into implementation on May 25, 2018. It replaces the GDPR of 1995 EU data protection and supersedes the 1998 UK Data Protection Act. It imposes strict new rules on controlling and processing personally identifiable information (PII) across all 28 EU countries by giving control back to EU residents.

Your Data Safe

Your safe data is a GDPR compliant project that is created on the decentralized blockchain technology which gives personal data control back to the owner of the data. The project aims to change the way data is being managed and sold without the knowledge and consent of the data owner. With the Your Safe Data project, users personal data is monetized and the users being rewarded for the user of their personal data. This data and information are used in targeted marketing and advertising purposes. The project also aims to educate and assist all the stakeholders in the personal data market their right to data protection according to the GDPR rules.

Your Data Safe Platform

Data Safe is a GDPR compliant data management and rewards platform. Users are being rewarded for the use of their personal information thereby giving them the control of their own data. Users data and information is safe and secured on the decentralized blockchain platform of the Your Safe Data. Here, users information is encrypted and cannot be accessed, stolen or resold by unethical businesses or websites. The platform ensures the right of ownership and control to the user as he alone can sell his data to whom he wishes and is rewarded for that. Your safe Data platform is the number one source of pure data as information is accurate and provided by the user himself making it more authentic. The platform will offer other services to its users which includes data consultancy and academy services, secured storage services, virtual DPO and YDS network where the user is rewarded for the use of his data.

The Token

Your Data Safe platform utilizes the Your Data Safe token symbolizes by YDS. It is an ERC 20 standard utility token of the Ethereum blockchain. The YDS token is the means of payment and rewards on the platform.

Token Details

Token Distributions

Roadmap

The Team

The Advisors

Conclusion

So many online businesses need and use personal data of consumers to analyze and predict their market and advertisement. The GDPR data protection has given the users the much-needed privacy and which in turn gives him the right person to sell his data if he so wishes. The YDS platform has made this easy for the users as he the user is the only right person to sell his data to a business or company he likes and be rewarded. The user’s information is encrypted hence his privacy is being protected on the YDS ecosystem. Data Management Rewards Network, GDPR awareness training, and Virtual DPO Services are also offered on the platform,

For more detailed information. Visit the Website and read the Whitepaper. Follow the project's Facebook account and Twitter Page. Join the Telegram Channel for answers to your questions.

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