Creditor Data Platform is a Ukraine based decentralized personal data marketplace that creates a transparent and mutually beneficial exchange of data between individuals and data purchasers (commercial companies who are looking for additional source to acquire the data or for target audience).
It is a platform that is built upon blockchain technology empowering individuals to receive a financial reward for the provision of data and to control and trace the movement of their information. Such a solution gives an opportunity to receive a reward for providing personal information, to access the authentic verified information, and for businesses to mitigate risk against poor and faulty data by using crowd verification mechanism inside.
There is no doubt that poor data can cost businesses 20-35% of their operating revenue. There is a requirement to verify the information before it comes to data purchases. It has become harder and harder to store and use your information safely. There is need for a solution which provides an innovative algorithm for data storage and exchange that is specifically designed to protect your data from every possible hack of failure. This is the problem this platform intends to bring solutions to.
Basically, information is a worlds’ new currency - this platform creates and exchanges it every day, but it becomes harder and harder to deal with all of the related problems. Creditor proposes a new and significantly better system — one that’s transparent, mutually beneficial, and safe from bad. actors. A system that’s built upon a blockchain-based smart contract where the user own and controls their data.
Users will be able consent to their data being used, control what data is being used, and receive a reward in return through a revenue share model. For companies and organizations this platform will not only help comply with GDPR but also mitigate risk from bad actors by having this data stored on a distributed ledger.
MISSION
ADVANTAGES
MARKET SOLUTION
Creditor Data Platform can enter the market as a convenient platform both for individuals and businesses. Use of Ceditor platform is mutually beneficial: individuals can sell their personal information for a reward in CDPT-tokens, businesses can buy databases of 100% authentic data without any exceptions. Platform allows customers to trace the movement of their data and, moreover, dispose of their data. While setting a profile on the platform, client can customize the main settings of data distribution. Data buyers can order databases containing information about any group of individuals they need.
MILESTONES
March 2017 - The Idea of Creditor.ai as a data marketplace for lending companies was born
Sep 2017 - Pre-Seed Round from Starta Capital raised
Jan 2018 - First transactions were processed between clients
Feb 2018 - 7 registered and verified financial companies in the system
5th of March 2018 - The decentralized marketplace for personal data has been presented at the Bank Innovation 2018 Conference in San Francisco
April 2018 - Seed round from Nova SBE Venture Lab
Aug 2018 - alpha for individual data owners will be released
Sep 2018 - Creditor ICO will finish
Oct 2018 - Hiring additional team members
Nov 2018 - Listing on first two Exchanges
Dec 2018 - Listing on 2 more Exchanges
Feb 2019 - creating own peer-to-peer test network
March 2019 - launching of beta apps for Data Providers and connection them to the peer-to-peer network
April 2019 - integration with Storj Network
May 2019 - creating SubNet for validators, extending Kademlia with voting
June 2019 - integration with Ethereum Blockchain
July 2019 - MVP of protocol that based on inner contracts
August 2019 - release of full pledged network
November 2019 - separating validators registry into own decentralized DB
July 2019 - 500 Data Purchasers (Enterprises) on the Platform
Oct 2019 - 100,000 users on the platform
December 2019 - creating blockchain based solution for storing transactions
Jan 2020 - 300,000 users on the Platform
February 2020 - moving whole system to previously created blockchain
Sep 2020 - 75% automatization of verification flow
Dec 2023 - 1,000,000 users on the platform
TEAM
ADVISORS
CONCLUSION
Creditor Data Platform will certainly make a revolution on data processing market. Their platform aims to fix major issues which affect issues such as poor data flow, underestimation of data value and data breaches. All data is processed in an encrypted form, validity of transactions is ensured by consensus mechanism, all users of platform contact with each other through a peer-to-peer network.
Read More On
https://www.creditor.ai/
https://www.creditor.ai/documents/Whitepaper.pdf
