DATABLOCKCHAIN | REVIEW #1

DATABLOCKCHAIN | REVIEW #1 | Ecency

Datablockchain as a support platform for data providers

About the project

Data providers are now looking for a transparent and understandable way to deliver their product to market consumers. This should be, in the first place, a transparent means, where each participant in the transaction sees what the payment was made and what was not suitable for the customer in case of refusal. This is especially true when the customer can and wants to make a partial payment only for the use of what they really needed and found useful. It is also important for data providers to explore new markets and search for new customers. Today, for these purposes, we have to work with a large number of intermediaries, which reduces the cost of data for the vendors themselves. In addition, these intermediaries are not always good faith partners and the security of such databases, sold once, may be an important issue. Since criminal proliferation needs to be stopped with the help of the law and the justice system, these means are not always quick and affordable. Meanwhile, fraudsters can cause irreparable harm.

Datablockchain provides this functionality to the maximum. Thanks to the blockchain system, all transactions will be recorded in smart contracts. It makes transactions safe, transparent, democratic and efficient like never before.

How Datablockchain helps data providers:

Transparency. Thanks to the blockchain, all transactions in the system between the data providers and the customer become completely transparent and visible in real time. The supplier no longer has to worry about not receiving payment from the customer. The customer knows he only pays for the data he uses and needs.
A supplier may change his work if he finds that some data is not requested. Conversely, expand the areas where success is visible.
Efficiency. As a first step, the data chain will offer its customers access to 3 billion different data sources at once! The system has been thoroughly tested for stress tolerance and can simultaneously process a large number of transactions and databases. This ensures effective interaction between suppliers and customers, as well as direct customer access to a vast data set worldwide!
Availability. Datablockchain provides suppliers with access to the global customer market. If previously an organization was limited to the local market, it can now easily and simply expand the base due to the increasing demand for its databases around the world. If not, data providers can segment their database into a specific business domain and receive an influx of customers from it. All tools for this are provided.
Security. The problem of data security and security is now a key problem for suppliers. Datablockchain uses an innovative approach to security for its databases, which has long been the subject of extensive testing. Therefore, it can guarantee complete security for the database of the participants in the system.
Transaction data is provided in the blockchain's tracking in real time. As a result, the supplier always knows the cost and the exact timing of the transaction.
Datablockchain allows you to take a fresh look at the data supply market for both suppliers and customers. The conditions of the globalization of the data market make the prospects of suppliers more lively and more attractive.
Customers also benefit from the absence of borders and globalization, as they no longer need to travel to another country or work with intermediaries at inflated prices. Everything is now at your fingertips within a platform. And it's just very convenient.