WIBSON DATA MARKETPLACE

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PRELIMINARY

DATUM can be referred to as a piece of information and it’s also the singular form of the word DATA. Over the years the use of data has grown exponentially, stored data grows four times faster than the ever-evolving global economy and also adds an important value to the economic power as well as the source of economic value. Globally, a large amount of data is produced on a daily basis ranging from companies, institutions, industries or organizations who either browse the internet, upload personal or public files, interact on social media, buy or sell goods online, and synchronizing devices, etc.

INTRODUCING WIBSON

WIBSON was created to eradicate the current complexities faced by users of the internet, unknown to them most of these enterprises use the personal information of unsuspected internet users. Data tech companies collect, protect, use & sell data without permission from the owners. WIBSON data network offers infrastructure & monetary rewards for owners to sell their private authenticated data without the risk of making their personal privacy vulnerable.

Owners possess absolute control of their private information, high level of secrecy (that is their identity is strictly anonymous), the sale of personal data is incentivized unlike traditionally where tech companies sell these data without the knowledge of owners, and owners are aware of how their data is been used. WIBSON decentralized data network was built on the blockchain technology because it is known for its transparency, decentralization, security and seamlessness.

WIBSON data market place will bring a whole new wave into the ecosystem, and they aim to gain the trust & confidence of data owners, marketers & advertisers. The core purpose of this creation is to give owners of data value of their data whilst participating in the value it actually creates. In WIBSON data market place there are 3 different types of market participants namely: data buyers, data sellers & notaries.

★ Data buyers are individuals or companies as the case maybe who wants to acquire data and is willing to pay for the data after the data has been verified by the notaries.

★ Data sellers are individuals who own data and want to sell data for incentives. They can choose to sell personal or private information, and they have full control of their data.

★ Notaries are in charge of authenticating the data made available by sellers, their job is to validate the data before they can be purchased by buyers. Notaries are also like middlemen between the buyers & sellers who help resolve conflicts that may arise between them.

WIB TOKEN

WIB is an acronym of WIBSON TOKEN, it is an ERC-20 complaint token created on the ETHEREUM smart contract. It was created to fuel the WIBSON data market place, and it will be used as the standard mode of payment for services rendered on the marketplace. WIB tokens maybe rewarded to the individuals who uses the WIBSON MOBILE APPLICATION.