Wibson | Fair and Secure Data System

cleante (52)in #wibson • 5 years ago

In today's environment, data processing and access to big data are among the goals of all big companies. Every year millions of dollars are spent on the development of data processing systems. For this purpose, many universities conduct research and development activities. Companies are developing artificial intelligence technologies in order to fulfill these objectives.

The world's largest social media sites collect users' data without their permission. Users consent to this sharing at the time of log-in. Users often sell their data for party propaganda or to large advertising companies. Companies manage their advertising with this data and use it to bring the products related to the expectations of the users to the market. When this happens, user data on the Internet is very fragile and vulnerable to abuse. Recently, this data has been copied by most hackers and the user data has been sold openly on the Internet. Essential and vital data is circulated among users, such as products where users go to where their credit card bank accounts go.

What is Wibson

Wibson has entered the data market to solve problems experienced by users. The Wibson team has found a fundamental solution to these problems and has created a system where users will be entitled to the data. Users allow the sharing of their data with the Wibson system and give consent to the rate and with whom this data will be shared. Wibson system has been found to solve the gas problem, especially with the increase in the amount of the process. In this way, instead of paying gas price for each transaction during data scanning, a system was created that collects the transactions collectively and the money can be paid at the end of the transaction.

Why Wibson is Different

With Wibson, users' data is stored on blockchain node systems rather than central servers. This data is not modified by any user. Users can sell this data to any institution or organization. Users can share a certain portion of their data if they wish. Or, users can set and cancel the shared data over time to avoid sharing it.
With Wibson, there is no particular problem with the accuracy of the data. The data are submitted for approval by a notary, a notary. For example, the data approval of the user submitting a bank data to the system can be done by the bank itself. In this case, the bank becomes a notary. Or the telecommunications company may give consent to verify the person's address information. Notaries are able to get a share of platform revenues and all the members of the system can make money.
Companies can scan any data after all data entries have been made. For example, an electoral political party can filter out republican voters of a certain age range in Germany. At the end of this filtering process, the information faced by the companies is 100% accurate thanks to the notary verification system.
The Wibson system is designed to benefit all parties. The data owner earns money while sharing their data, while notaries receive payment as a result of the data control they make. Companies that need data can access the data they need in less time. Due to the absence of commissions or marketers, the fees are very low.

Conclusion

The Wibson team, which is very successful in data processing and filtering, has recently released the phone version of the project. You can reach the details of this project which is traded in the world's biggest stock exchanges such as Bittrex and Bitforex through the following channels.