Fair Data Trade, Equal Data Economy Based on Blockchain

Hello guys, today I will be talking about something interesting that I found on the internet during my article research which I will share with you. Today I will be talking about Data, challenges of this Data and the solution.

What is the Data?
Data are values of subjects in respect to the qualitative or quantitative variable. However, data are information which is often used interchangeably thus, the extent to which sets of data is informative to individuals all depends on the extent to which it is unexpected by someone.
Data is collected, measured, analyzed and reported where it is actually visualized using graphs, analysis tools or maybe images. Besides, raw data are collections of characters or numbers before it will be processed and cleaned by researchers.
So I will briefly talk about some challenges. They are;

Dealing with Data growth
One of the major challenges which are analyzing and storing massive information. It is said that the total number of information stored on IT system in the world today is to reach the moon from earth 6.6 times that is let assume that it is stack with tablets by 2020. Most of these data are unstructured files such as photos, music documents and so on will be thus very hard to be analyzed or researched.

Integrating disparate data sources
So we found out that there are many varieties associated with big data and challenges. The system big data has a lot to offer like social media streams, enterprise applications, email systems document etc., may be very important. So combining all that data and reusing it to create report can be extremely difficult hence, very challenging to look at.
So today platform that aims to eliminate whatsoever that has been the challenge is called DATAXCHAIN.

THE PLATFORM

DataXchain is a platform based on blockchain technology that provides matches with data owners and data matching services, however, the platform is a data trading platform, decentralized data ownership, and trade. A decentralized platform means that data ownership and major use can be restored back to all individual by creating a massive data trading platform. So they want to develop a very new data where individuals can have the right to own data and are compensated for data that are used. Individuals can trade data because the platform has made that possible creating an ecosystem so that everyone could use the digital asset to sell or share.

OVERVIEW

We found out that the behind DataXchain are Ethereum, Global Data Trade Partners, The Linux Foundation, ToBaLet and other major companies involved in big data.
So let’s know about ToBeLet, is a company that is currently developing the platform DataXchain and its ecosystem. So there top liner in the different part of the market, which may include cryptocurrency and blockchain. However they have built a system where MY DATA is equally and fairly traded by different individuals, the data is also protected.
So we will be in another era soon, DataXchain is bringing to us the ‘’Intelligent Data Age. That sounds greats.

FEATURES

Data Wallet: so the platform features wallet function which will help empower user’s data through the platform’s network. Users also can be able to potentially inspect their value of digital assets in every transaction carried out. It all includes transaction record in DataXchain, real-time PUSH alarm and so on all features in the data wallet.
Data Matching: the platform offers p2p matching data service for user’s private or public to be precise. However, personal data will thus, be delivered to its right destination through the platform. So basically it is used to make smooth decisions for users of the platform.
It features also a mobile app that will be full functionally on Android and IOS operating system. You have the platform on the go. They are more you can stick on it DataXchain platform. So I will talk about the token.
Data users will use the token called DXCT to pay all commission fee and data value. However, the token will be distributed at a fixed rate to participants who trade in the platform.

FINAL THOUGHT

So the best is here, an opportunity to be utilized. Data are indeed in safe hands and that you. Just be a part of this and you won’t regret the action you take. The best I would say, having blockchain is totally awesome.
For more information, visit the links below. Thanks.
BitcoinTalk Username: kelvinkent
http://dataxchain.org/ico/main
http://dataxchain.org/ico/files/DataXchain_whitepaper_en.pdf
https://bitcointalk.org/index.php?topic=5033928.0
https://t.me/Dataxchain
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2313436