It’s no longer news that we live in the data age but what most of us are quite oblivious off, is the sheer amount of our personal data mined by corporations and businesses for the sole purpose of selling to advertisers and any “highest bidder” without our consents which is wrong. They monetize our data and use it however they want without seeking prior permission but thanks to algebraix for identifying this problem and stepping in to resolve it.
Algebraix: The Introduction
Algebraix is a platform with the sole aim of giving back control of data to data owners thus enabling data owners to monetize and have total control of their personal data. The Algebraix platform is built in such a way that monetizing your data and receiving rewards from businesses and organizations who are able to create target ads is seamless. You get paid in ALX token .Meanwhile worthy of note Personal data are a body of a fact of an individual which includes; Personal information( birthdays, age etc), personal documents and credentials (schools attended etc), sport interest , even sexual preferences and financial information.
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.
BENEFITS OF ALGEBRAIX
Total ownership of your personal data with Algebraix Mobile app (PSV)
Personal data is protected from compromise with Algebraix cipher AES-256 encryption and a private key to your account. Thus access is only possible by you.
Filter ad's from advertisers instead of being bombarded the ad’s by companies.
CONCLUSION:
Algebraix desires to protect and safeguard your data from outside manipulations, while at the same time helping you generate income, basically empowering you to monetize your personal data.
The Algebraix blockchain platform will use its token (ALX). It will be used for purchase and payment for services provided by the platform. Data owners will get paid in ALX by advertisers who will use their data meanwhile data owners/individuals, in turn, will be able to pay for services/ product they desire on the platform. It's a win win, for both data owners and advertisers/companies.
FOR MORE INQUIRIES :
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: https://bitcointalk.org/index.php?action=profile;u=1209874;