Have you noticed that your every movement in the webland is thoughtfully tracked by various enterprises? Let us say, you search for some information on Google and when you go to YouTube you may get advertisements related to the information you were searching a few minutes ago. It might seem inconceivable, but that is the stark situation with the current online world. Moreover, the enterprises monetize the received data without your consent or permission. While they gain money, you get no penny for your personal data disclosed. It means that your personal data is no longer private. Opiria token aims to alter the present state of affairs.
Opiria presents a platform designed to establish a decentralized data marketplace, where data owners are able to realize their proper data to interested persons willing to utilize and acquire it, providing that they ensure total transparency and management over the stated data. It implies that user's data is still his and he has the right to select what to sell and to whom. The shared information bring the data owners rewards in the form of tokens available on the platform - PDATA.
Opiria focuses on two-sided token economy involving only two participants: owners and enterprises. Users select the data they want to share and when the interested enterprises are willing to acquire their data, they get in touch and reward them with an amount of PDATA tokens for the shared information. Due to the blockchain technology, the whole process of sharing the data remains transparent and the data that users do not want to display remains undisclosed. The present platform guaranties complete anonymousness, transparency, safety and secretness for both sides. Overall, the enterprises obtain simple access to user's personal data and get more high-quality information.
Every transaction in the system is carried out directly, thus no intermediate party is required. That is why the cost will be more effective and affordable. Web users are able to obtain passive income by realizing their information to enterprises, which need it in order to know the market and people demand. By utilizing smart contracts, the platform can easily replace exterior party positions, which generate large incomes in data transactions. Opiria's main objective is to connect worldwide users and transfer data straight-forwardly. Data owners will be entitled to verify their information and be acknowledged about every enterprise that uses their personal data. Opiria encrypts all user's data, thus guaranteeing that no one can get access to the information, which is kept in the chain of blocks, with the exception of the data owners and the purchaser authorized by the data owner.
PDATA token or Personal Data Token manifests the key component of the Opiria platform applied to implement transactions in the system. Token sales imply a fundraising procedure developed by certain platform to gain capital in the distribution, configuration and evolvement of associated platforms.
The support environment of the PDATA token along with Opiria platform will make free of place, where the market forces of personal data demand and supply eventually define the value of personal data. This means that when the personal data demand increases, the PDATA token value will grow as well.
Opiria platform and PDATA token present a solution for persons interested in data control freedom, thanks to the blockchain technology widely applied in creating the platform. All transactions will be transparent, thus excluding any data fraud. Data owners will have the opportunity to control their information, choose how much they are inclined to share and be rewarded for the exchanged data. As for the enterprises, they obtain access to required data without any third party and in such a manner ensure full transparency, safety and less risks.
Authored By: x0r2
