Why do we need the Algebraix Platform?
Ever since the invention of the web web-based businesses have profited from exploiting our personal data; until the advent of privacy solutions, and blockchain based systems, this was even more rampant. They have got gathered petabytes of the data, not merely our titles and email addresses, but as we skipped from website to website, they accumulated our buying habits, our pursuits, our politics leanings, our health and wellness concerns our investment options and our communal interactions.
They gathered our data, classified it, aggregated it, examined and used it because of their exclusive commercial advantage; powering their AI systems and software, treating each human being they’ve gathered their data on as another byte of information in their pile.
They do all of this, without us knowing or asking for our authorization. The worst part is, our data is profiting these large companies, yet we are not receiving any sort of payment in return? Algebraix intends to change that, and create a new system that will even out the playing field.
Benefits of Algebraix
Algebraix will deliver a system that permits individuals to conceal their identities and control, through smart contracts, who has usage of their data and exactly how it could be used. Once users have their undivided and complete privacy, they have the options to control their data.
Algebraix will enable individuals to generate income from their data through rewards they get from organizations and businesses who want to advertise products and services.
As blockchain technology has matured, a very important factor is becoming clear; blockchain processing will supersede the existing structure of the web. In doing this, it'll revolutionize every part of processing; in federal government, in the organization, in the cloud, on the desktop, on cellular devices and even in the nascent Internet of things (IoT).
Shaping the Future
This technology trend will bring serious changes, impacting the average person, businesses, the countless mechanisms of business, and federal government, both according of legislation and taxation.
Although it might not exactly be clear just how this new blockchain ecosystem will progress, we know it embodies technology that can permit the given individual to own, exactly manage and profit from their own data. Algebraix will actualize that potential.
While there is a lot of potential in the concept you own the data you are displayed, there are a lot of questions that need answering before we can get to the gist of it.
First things first, will free services like Facebook, twitter, Instagram, Snapchat to own and control the data they use? What about advertisements? How will companies willingly give terabytes upon terabytes of data to users that opt into the Algebraix solution?
Secondly, will Algebraix be suitable all over the world? Are the solutions limited to a very small amount of people?
Final Words
There is no doubt that there is a NEED for Algebraix, as the concept people owning the data they produce on the internet is definitely something that the market needs, and things like these will bring the decentralized internet dream to a closer step.
For more information about the Algebraix Platform, please visit the following:
Website: https://algebraix.io/
Whitepapers: https://algebraix.io/whitepapers/
Twitter: https://twitter.com/alxtoken
Telegram: https://t.me/Algebraix_Data
