Our personal data, such as shopping habits, interest, needs, and others are constantly recorded by the major internet corporations. By obtaining this information we enable them to get our opinion about things that they are selling, which helps them to produce a quality campaign for their product, in a way that will satisfy a wider crowd. Until recently, when a Facebook scandal erupted, Internet users were not really aware that our data was recorded and sold alongside one. The problem arises when a user who provides his or her information (purposely or unpurposed) does not receive payment for their information. The payment is received by the company that collected our data.
Your Data Safe (YDS) project was launched primarily for this purpose in order to protect Internet users from ignorant sharing of their data. With the introduction of GDRP, the need for a platform like YDS was even greater. Your Data Safe is a platform that allows users to share their data with a specific provider. Also, the data sharing user receives a payment, as it helps the various companies with collecting users opinion. The platform works on a blockchain, which provides exceptional security and allows tokenization. Therefore all rewards for shared data will be paid in the YDST token.
The platform should be extremely transparent and user-friendly. The user will only have to create a profile with accurate and true personal information, and then he will be able to choose which companies will be able to access his data. Every time his data is used, he will receive a payment in YDST Tokens. Also, users will be able to add more of their own data on the platform. Users will receive their YDST tokens based on the quality and quantity of the data they will share.
Earned YDST tokens can be easily compensated by the user on YDS platform for different value cards or other goods they will offer. Of course, it will also be possible to trade them on the exchange.
There is only one tiny problem with this project- Competition.
Competition in this area has increased sharply over the past year, as it is estimated that in the next few years, the personal data market will reach 1 trillion $. Nevertheless, YDS ensures that with the help of the new technologies on the platform (artificial intelligence,
Browser API Extensions and Automated Bots) and with an outstanding user interface, they will create the leading platform in the personal data market space.
I believe that, despite strong competition, YDS will become one of the most adopted decentralized platforms for personal data marketing. Their team consists of experts in different areas of the blockchain, marketing, and data management, so I do not think that the implementation of the project should present problems to them.
Projects such as the YDS bring the highly positive vibrations into the whole crypto market, as it finally presents a project that people can actually use and benefit from it, without any additional obligations. I think that people who don't know blockchain or the once who have negative opinions about it will soon change their minds.
If you want to know more about Your Data Safe project, then visit YDS
Website: https://yourdatasafe.io/
Or read YDS Whitepaper: https://yourdatasafe.io/wp-content/uploads/2018/09/YDS_whitepaper_V1.3.53332.pdf
Bounty0x username : tikezza33
