Your Data Safe: Decentralising Personal Data

Introduction

Let's go to continue this blog with another project. First of all, for who missed the previous entries, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launches campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way, to win cryptocurrencies even if the market is as it is. Through this way you never lose money.

However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.

Personal data now form an important part of our daily lives and are sometimes used without our consent. However, you probably do not know the true value of your data. Our personal data is negotiated daily, often without your consent or knowledge. For some reason, the GDPR (General Data Protection Regulation) came into force a few months ago.

For this reason, I want to introduce you Your Data Safe (YDS), a new blockchain-based project that returns control of personal data to the legitimate owner by allowing him to create a profile of pure personal data that guarantees the use of third parties for targeted marketing. You always maintain control of your data through a self-sovereign portfolio.

Definition

As I said, Your Data Safe (https://yourdatasafe.io/) is a data and rewards management platform that meets the requirements of GDPR and that will return control of personal data to the rightful owner. YDS is addressing the needs of consumers by giving them control of their data and creating a fair and sustainable model for sharing data that redistributes value back to the consumer and legitimate owner of the data.

Goals

The main objective of Your Data Safe is to change the way in which consumer data is handled and marketed through the redistribution of value, allowing personal data to be used and monetized for targeted marketing and advertising. In addition, YDS aims to educate and assist companies in compliance with the GDPR.

How it works?

Your Data Safe is building the world's first GDPR Claims and Rewards Data Management Platform (DMP) through a dAPP blockchain. YDS will develop a decentralized blockchain ecosystem in which you, as a consumer, will control your data at all times through an encrypted user profile control panel and a self-sufficient portfolio.

The idea is simple, you create a YDS user profile and choose who you want to receive the marketing from and then you are rewarded for receiving it. Then, all rewards of YDS received, for allowing brands or companies marketing opportunities can be spent on goods or services with affiliate partners that are of interest based on their profile data or exchanged within the YDS service platform.

Thus, with the aim of allowing a more committed marketing strategy for brands and companies with less spam and unsolicited marketing for the consumer, YDS proposes a new model of redistribution that rewards the consumer with the income generated by the sale of their data. personal to the brands or companies that matter to you.

Features

Image	Feature	Benefit
	YDS Academy	The YDS Academy will allow users access to the latest GDPR courses.
	YDS Virtual DPO	Virtual DPO service will store and update all of the company polices automatically.
	YDS Cloud	It can be utilised, to store any GDPR compliance policies, create new ones using our templates, and be accessible on any device in any location.
	YDS Network	The YDS Network will allow you to earn rewards, by giving 3rd party companies access to your GDPR compliant personal data, which is currently used for marketing.

Advantages

• Personally identifiable information is securely encrypted and never transmitted to third parties, which gives you maximum peace of mind.
• Users will be rewarded in our native token ERC20 YDS each time their data is used, a complete paradigm of the existing model.
• YDS currently operates within the GDPR space, which allows them to offer their clients training in GDPR, data consulting and DPO services.
• Your Data Safe will offer your corporate clients a large number of GDPR services including data consulting and Virtual DPO services.
• They will have secure storage and transfer facilities for tasks such as "subject access requests" and "deletion rights".

To conclude, the big difference between Your Data Safe and the current existing business model is that consumers will be rewarded in the native YDS Token whenever any of their data is used through the platform.

Bounty program

The project gives the opportunity to earn Your Data Safe Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bounty0x Webpage here (https://beta.bounty0x.io/hosts/Your%20Data%20Safe), where you can access the link in order to see what are the conditions to become an early YDS contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://yourdatasafe.io/wp-content/uploads/2018/07/YDS_whitepaper_V1.3.4.pdf). You can also stay tuned in their official Telegram Channel (https://www.t.me/yourdatasafe) or in their ANN thread here (https://www.bitcointalk.org/index.php?topic=4713762.0). I hope you liked the post and soon I'll send you new ones.

Do not forget to visit their Webpage (https://yourdatasafe.io/)!

Token details

The Your Data Safe Token (YDS Token) is a utility token of the platform only in exchange for accessing our data management rewards network, GDPR awareness training and virtual services for DPOs. It is essential for the success and effectiveness of the New Data Collection Model.

Your Data Safe will deploy an Intelligent ERC20 Card Contract that will supply the YDS Platform with fuel for its users through the fundamental and economic principles of supply and demand. The YDS Token will be used to encourage users to share more data with the brands they care about. Therefore, the token serves as a flywheel for the user. growth, since it can be used to incentivize and reward certain behaviour beneficial to the platform.

Token: YDS
Platform: Ethereum
Type: ERC-20
Pre-ICO price: 1 ETH = 12,500 YDST
Price in ICO: 1 ETH = 9,000 YDST
Tokens for sale: 296,520,000

Token distribution

Roadmap

Author Details

Email: [email protected]

Bounty0x username: adriaparcerisas

Telegram username: @clauming

Bitcointalk username: adriaparcerisas

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482

Ethereum address: 0x91707502A8DFDC523f7a6f2c218cC9a52777d5ad