The functioning of cryptocurrency is based on the blockchain technology, which is a system of storing information in the form of a chain of blocks. In this case, all information is stored on various devices that participate in this system, while anyone can become a member of this system (something similar to a torrent during the distribution / download of information). During the transaction, information about such a payment is displayed on all devices (data is synchronized via the Internet), so it is almost impossible to hack such a system. Therefore, companies one after another enter this area, because the advantages of developing projects in this system are obvious. So, DAYTA is a blockchain-based platform that allows you to protect your data and make money. The idea of Dayta is to simultaneously solve many issues of data protection, consent and confidentiality. The team developed a roadmap for creating a secure, easy-to-use and reliable Dapp mechanism and sharing personal information in an integrated digital ecosystem.
DAYTA – decentralized data exchange takes place in the form of a decentralized application (DApp) via the Ethereum blockchain.
At the application level, three interested parties can connect to the blockchain using ad-hoc applications:
• Custom application components store personal user data and provide functionality for checking and sharing this data.
• Verifiers are equipped with components that allow you to verify user data and store digital fingerprints of the data in a block chain.
• Components for data services allow you to request access to data and temporarily store them after authorization.
On blokcheyna level, there are three main functional smart contract:
• Dayta the Token – Token service platform used in Dayta economic data
• Hashes data independent of the user data stored in blokcheyne to ensure that the data correspond to the initial general data, which is confirmed by the platform miner checking
• Implementation data exchange agreements between users and data services in the form of intelligent contracts
Initially, Dayta DApp will work in the public Ethereum block chain. However, the blockchain technology is still relatively new, and technological uncertainty means that you can only speculate about the future scalability, cost, and performance of the Ethereum platform. For this reason, the Dayta team will study new blockchain technologies, such as Plasma, to transfer the system to a specialized chain of block chains, if deemed appropriate. The blockchain architecture, consisting of intelligent contracts, is designed with modularity in mind to facilitate this potential migration.
Why did you decide to store, manage and monetize personal data through the blockchain !? Thanks to existing technologies deployed around the world, this industry is gaining momentum, since the blockchain can do what others cannot yet. The Dayta team believes that this paradigm shift in thinking from centralized or even federated data processing to a completely decentralized and autonomous blockchain-revolution should and is in process. Dayta’s blockchain technology will provide the public transparency needed to hold companies accountable, and ensure that users always know where their data is used, by whom, for what, and for how long.
Using the blockchain improves position compatible with GDPR, providing transparency. clarity and fairness to the end, to the end of the exchange / transmission, processing and use of personal data in such a way as to ensure the protection and confidentiality of data, as well as reduce the likelihood of data leakage. Users will be able to use the blockchain service to store their personal information in personal data sets, from general data to hobbies, and, if they choose, they will be able to sell their anonymous data that will be used for various analytical purposes. creation of data / profiles, inclusion of data aggregator in the lists, customer research and marketing (directly through business or third-party marketing agencies) through various channels,
ANN: https://bitcointalk.org/ index.php? topic = 5110098.0
Medium: https : //medium.com/@mydayta