Data is one thing that permeates every sphere of life, and every second sees the transfer of tons of data from one point to another via various channels. Businesses need data to thrive, however, these businesses have a big problem of dealing with the retention and acquisition of customers, and the solution to this lies in being in possession of the critical data necessary for the business to be able to market their services and products to prospects whose propensities are high, hence the services and products can be used as an identifier of the needs of the customers, thus ensuring that there is loyalty and a long-term relationship is established. However, there is so much complication with the data industry, with so many fragmented bits, and this has done nothing but made the various choices very confusing businesses that may be at a critical point of needing data. To sum it all up, the data marketing system including brokers, managers, and data owners, have proven to be inefficient and ineffective, thus causing a lot of problems for businesses, including waste of resources, money, and time. These problems have lingered on for a while, and some systems have tried to solve them, but barely succeeded. However, it has been discovered that the blockchain technology can be used as an effective tool for data related businesses.
Data Solution With DataBlockchain.io
This is a blockchain based data platform that intends to revolutionize the way premium data is gotten by individuals, businesses/companies, as the products and services offered by these companies/businesses will cost less and be readily available, which is in total contrast to the traditional methods of getting and dealing with data. With this method, it becomes easy for the clients to get easy access to specific data, thus they get exactly what they want in a transparent and cost-effective way. DataBlockchain.io intends to create the much-needed interface between the sources of data and users of data, hence, the need to have various data vendors, brokers, list managers and every other form of 3rd party dependence and interference will be eliminated, thereby taking care of the factors that cause inefficiency and ineffectiveness in the market. Furthermore, transactions and processes will take place at the backend of the platform, where confidence and trust will be built between the data providers and users, via the implementations of system protocols that will ensure adherence to transaction requirements.
More From DataBlockchain.io
The platform will be a source of empowerment to data providers, as they will be able to monetize the data and thus use the demands of the market to determine how best to monetize the data. By using the blockchain technology, one of its guaranteed features is that the providers of data will enjoy complete auditability, traceability, and transparency which will invariably make it much easier to overcome the problems currently being experienced in the market. Furthermore, the confidence between the sources of data and data providers will be built, and the platform’s vetting and grading system will be responsible for building the confidence. DataBlockchain.io will ensure that data distributed on the platform gets verified and of high quality. In addition to all of this is the fact that the whole system has been simplified to make it easy for the users to navigate and carry out their transactions quickly and effectively. The platform will function using an Ethereum based ERC-20 token called “DBCCoin”, and apart from being the medium for transactions on the platform, it will be the remuneration for data providers, and also be used for reward programs.
For more information on datablockchain.io pease visit:
Website: https://www.datablockchain.io
Whitepaper: https://www.datablockchain.io/pdf/whitepaper.pdf
Telegram: https://t.me/DBCIO
Twitter: https://twitter.com/DBC_IO
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