It’s the 21st century, everyone — pretty much everyone is on the web( internet). We are accessing internet from almost everywhere, from our homes to offices ,our relaxation spots, spa homes etc. What most of us are quite unaware of is the massive stealing of our data — yes, personal data. Our data is now stolen by companies and individuals basically everytime and anytime we visit the web. Data showing our health records, financial status, sexual preference(s), favorite vacation spots etc and sold either to advertisers or any highest bidder — which is very unethical and morally wrong. The right to privacy, the right to decide what should be seen or not is deprived us. Algebraix steps in to shield us data owners power and also allow us to monetize our information all in one masterstroke.
Algebraix:
Algebraix is a decentralized blockchain platform with the sole aim of giving data owners control over their data and also enabling data owners to monetize their personal data with control over what is seen or not. The Algebraix platform is built in such a way that monetizing your data and receiving rewards from companies and firms who desire them is smooth and seamless — You get paid in ALX token . Meanwhile you also, can purchase a product or service from “these companies” with the same ALX token used as payment.
HOW CAN THIS BE ACHIEVED
THE PERSONAL SECURE VAULT (PSV) — This is a mobile application that paves way or grants users access to Algebraix platform. Here are the services PSV can offer;
Personal “secure” data store:
This mobile app is built to allow you (user) store your data which is automatically protected and encrypted, Algebraix platform acts as a backup. You are generated a private key which gives you control over your data.
Multiple device implementation:
The App Is built to fit on any mobile devices. The mobile device is your gateway to load your data, access your data and authorize access to your data.
Digital wallet :
The mobile app (PSV) which serves as a digital wallet for storing all ALX tokens and for payment of services within the network. It also contains wallets of other cryptocurrencies and more.
Video Ad Browsing :The mobile app will you to browse and view ads.
An Anonymized Database:
User data is stored by Algebraix and protected from compromise by using cipher AES-256 encryption. Users data appear anonymous to interested advertisers.
Conclusion:
Algebraix steps up to secure,safeguard,protect — infact basically shield you, while still allowing you room to monetize and generate income. A platform where you own your “personal data” while deciding who gets to view it and how its viewed.
Meanwhile, the algebraix blockchain platform will use its own token (ALX). This will aid and allow data to be sold and services bought — i.e data owners get paid in ALX by ad companies and firms intrested in their data while data owners can also buy services/ products offered by these firms/coys. Everyone is happy, data owners are secured and get paid, ad firms get desired data.
FOR MORE INFORMATION :
Website: https://algebraix.io/
Twitter : https://twitter.com/alxtoken
Telegram: https://t.me/Algebraix_Data
Whitepaper https://algebraix.io/whitepapers/
Facebook https://www.facebook.com/alxtoken/
Bitcointalk Profile Link:
