Understanding the Need for DataBlockChain
DataBlockChain.io, in partnership with Media Direct, Inc. strives to democratize big data and create a good playing ground by offering the most elaborate marketing data solution to all business organizations and individuals.
In order to achieve this goal, DataBlockChain will offer an elaborate interface between data sources and individuals or businesses. This will ensure that there is full confidence in data quality for the end users and also transactional finality to the providers of the data. This is important to individuals and businesses that want to get quality and credible data at the minimum costs possible.
DataBlockChain.io rides on the blockchain technology hence ensuring that there is the security of transactions and that middlemen are eliminated to lower the cost of data transactions. Furthermore, this technology ensures that no individual or business can interfere with the data being offered since there is no central authority and that all transactions are °chained' or blocked together by a serial number hash. As such, the original data being exchanged between the data providers and end users cannot be modified, deleted, or re-inserted. This is a secure way of ensuring that the original quality data reaches the intended recipients.
DataBlockChain in Relation to The Blockchain
From the above analysis, it can be noted that DataBlockChain.io applies blockchain technology to enhance the security, transparency, and traceability of transactions. DataBlockChains comes in play to ensure that data providers are able to monetize their original data by offering it directly to end users. The elimination of middlemen in the process of offering the data ensures that the costs are low to the end users. The traceability and transparency of transactions of the data provision ensure that the end users get quality data to suit their needs. This creates investment gaps for the individuals and businesses which want to speculate on the value of transactions in this business model. In this case, the individuals who wish to speculate the value of transactions of data offered require buying tokens from DataBlockChain in forms of cryptocurrency ICO. This means that when the value of the selling of data from the data providers to end users increase, the investors will get profit. Like any other cryptocurrency, money invested can also be lost. For this reason, it is important for the individuals and businesses to be aware of the risks involved before putting their money. However, as explained earlier, the lack of central authority ensures that there is an agreement between the parties involved since no one can modify, insert, or delete transactions since all transactions are chained in this ledger book called blockchain.
Datablockchain is doing currently doing an ICO (initial coin offering) to to fund the development of this revolutionary data platform.
Understanding How Cryptocurrency ICOs Works
Datablockchain is doing an ICO to raise fund to develop their data platform. Cryptocurrency offers a practical way for investors to create money without the need for a central authority. Cryptocurrency Initial Coin Offering refers to the way of raising money from the community using cryptocurrency. This way of raising money is known as crowdfunding.
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