What is DataFund?
Datafund project is a protocol and a distributed application (dApp) that guards personal data, provides safe storage and enables provable personal data exchange. Information is shared anonymized or on a need-to-know basis according to an agreement between exchanging parties.
Humanity first — EU & GDPR: While many economies have been principally favoring capital and technological development, it seems that the EU has always been putting humanity at the forefront (or at least trying). In this context some of the actions of the EU seem to be bureaucratic and conservative — for example, not giving in to demands of the advertising and telecom organizations but protecting individuals in the recent e-Privacy case or the even stronger GDPR initiative.
Blockchain and other distributed technologies combined with stricter data protection regulations (e.g. the GDPR in the EU) are creating a disruptive momentum in the ecosystem related to commercial exploitation of personal data. Personal data is becoming an asset and we believe that on this basis a whole new economy will evolve, creating business models and value creation transactions similar to those we know from traditional assets. Personal data assets and its derivatives will be created, valued, stored, enriched, combined, transmitted, destroyed or traded. Furthermore, we believe that the whole economy of personal data will develop around three primary entities — data owners, data users and service providers. Any player in the personal data ecosystem is a variant of one of these three entities.
Project Team:
The primary goals of the Datafund project are the implementation of key functionalities of the protocol related to the commercial and non-commercial use of personal data. We recognize the following platform functionalities to be a priority for the key market players.
Token Details:
To enable personal data management and exchange network, Datafund will create a DEX token which is an ERC777 token (also ERC20 compatible token) and acts as a non-security consumer token. DEX token utility can be summarized in these distinct cases which will be enabled gradually, as protocol development reaches planned milestones.
Token DEX
ICO Price 0.01000 USD
Market Cap 18,000,000 USD
Tokens Available 1,800,000,000 (50%)
Tokens Supply 3,600,000,000
Verdict:
Datafund’s development roadmap is planned in such a way as to enable market launch of key functionalities as soon as possible. While Datafund’s vision and end goal is to develop a fully decentralized network, we can not wait on blockchain solutions to provide the full scalability we need, therefore, we will utilize the technology that is currently available. In this regard, we are already well underway with our centralized solution - a fully GDPR compliant consent management platform.
Important links:-
Website: https://datafund.io
Whitepaper: https://docs.google.com/document/d/1PzfN5lPzzYA_c72KNkq3-568NBluF12U63HQPH2bPsM/edit?usp=sharing
Telegram Group: https://t.me/DataFund
Twitter: https://twitter.com/DataFundProject
Medium: https://blog.datafund.net/
Bounty: https://beta.bounty0x.io/hosts/Datafund
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
