WIBSON:- A decentralized marketplace empowering individuals to safely monetize their personal data

N.B: Wibson token is available on the [bittrex], [bitforex] and [coinsuper] exchange for trading.

INTRODUCTION

Data can be define as a distinct piece of information, it is usually formatted in a way that is special. software is divided into two categories namely: programs and data. The Programs are collections of instructions, for manipulating data.

Data can exist in different kind of forms, it can either be in the form of numbers or text on pieces of paper, it can also be as bits & bytes, stored in electronic memory, or as facts which is stored in a person's mind.

It’s no secret that one's personal data is routinely bought and sold by dozens, possibly hundreds, of companies. What’s less known is who those companies are, and what exactly they do.

Every time we swipe our bank card, upload a photo to Facebook, watch a video on YouTube, use a loyalty discount, hand over a prescription, read an article online, we’re giving ourselves away.

WHAT IS WIBSON

Wibson is a blockchain based, decentralized data market place that provides the infrastructure for individuals to securely and anonymously sell private information that is validated for accuracy . Wibson is built up on a set of core principles which are:

Transparency

Individuals have complete visibility into how their data is been used.

Fairness

Individuals can exchange access to data for value , supply and demand determine market price.

Control

Individuals maintain control over use of their personal information.

Anonymity

Identities are never revealed without all relevant parties consent.

THE PROBLEM

Most of us don’t have the time or energy to keep track of all the information we’re sharing online.
In today's economy, data equals money, Unfortunately, it does not mean money for the owner of the data, Powerful/Rich technology company capture and control these information and do what they wish with it without the consent of the owner.

THE WIBSON SOLUTION

The wibson data market place is one of its kind and it has come to revolutionize the data market industry, It provides infrastructure and financial incentives for individuals to securely and sell private information that is validated for accuracy, without sacrificing personal information.

Wibson has a new market-based approach that leverages the latest developments in blockchain and market design to level the playing field between the data consumers and data owners.

THE WIBSON MARKET PLACE

There are three different types of market participants in the wibson market place:

DATA SELLERS

The Data sellers can be referred to as Individuals who are looking to profit from their own personal data in a market place environment that is transparent in their dealings and trusted.

DATA BUYERS

The Data buyers are the Businesses and other entities with the cash, who want to purchase authentic and validated data directly from consumers.

NOTARIES

Notaries are Organizations that have the capacity and the technological know-how to verify and validate personal data authenticity and accuracy and arbitrate disputes in a fair and consistent manner.