maniecool: DATAFUND

https://youtu.be/InpaoeFDpWs

Datafund is a protocol that guards personal data, provides safe storage and enables ethical data exchange. Individuals create their own datafund to reclaim, own and manage their data.

Pretty innovative huh?

Again, Datafund is a new form of personal data oracle and a data market where organizations are incentivised to give data back to individuals and to participate in a fair and ethical exchange of data value. Contributors to a specific datafund are rewarded with intrinsic tokens of a receiving datafund.

Vision

Everyone should have the power to control the flow of their data and manage the value thereof while co-creating the common data heritage of all mankind.

Problem and Solution

Companies use personal data in a legal, fair and ethical* way.

Only the data that wants to be free, becomes free.

Partnership with individuals creates new revenues for enterprises.

Individuals reclaim, own and manage their personal data.

No shady middlemen, no hidden oversight, just transparency.

How Datafund Works?

The Breakdown - Step by Step

Humanity first - EU & GDPR

While many economies have been principally favouring capital and technological development, it seems that EU has always been putting humanity at the forefront (or at least trying). In this context some of the actions of the EU seem to be bureaucratic and conservative — for example, not giving in to demands of the advertising and telecom organisations but protecting individuals in the recent e-Privacy case (FM4; in german); or the even stronger GDPR initiative.

GDPR is trying to systematically solve the status of personal data. Nowadays, this data are everywhere and widely used by corporations without the actual owners’ consent. Today, from a global perspective this field is the wild west.

In the digital world personal data, if understood correctly, are the most intimate assets humans possess. What’s more, personal data might become one of the core values of the new society.

GDPR radically changes data business

Datafund embraces this vision of the future with a strong belief that blockchain is the technology that is the enabler of the grand GDPR vision citizens should have control over their data.

Today, we have consumers with no rights or who are not aware of their rights, sometimes with some data on one side, while on the other side are corporations and digital services that have enormous quantities of (personal) data and almost no rights to use them. Many global services and applications based on personal data today are using data in a way they should not.

Individuals

Control Your Data

Control what you share. Delete what you want. Give and revoke consents.
Keep Your Privacy

Not even we know your data, unless we have your consent.
Create a New Income Source

Maximise revenues by sharing anonymised data. Create your personal Datafund and start earning DEX tokens.

Enterprise

GDPR Compliant

All-in-one solution for consumer data storage and sharing, with track-back and opt-out functions.

New Revenue Stream

Transparent data exchange with the consent of the individuals that turns the cost of your CRM into an additional revenue stream.
New Data Streams and Leads

More efficient updating and enrichment of your consumer database

Datafund consents transform personal data into digital assets

Datafund is building a consent management platform and an open and permissionless protocol for personal data management and exchange. After the reclaim milestone, individuals will be able to own and manage their data (become Datafund managers of their assets) while enabling EU organisations to use personal data in an ethical and GDPR compliant way.

Moreover, a protocol that transforms data into a crypto asset opens a new horizon of possibilities and value creation for individuals, organisations and society — a new eco-system going towards decentralised data exchange and beyond (currently imagined). In the following blog posts we’ll expand on the topics mentioned with the hope to raise awareness and to continue dialogue with all stakeholders involved.

The DEX Token

To enable personal data management and exchange network, Datafund will create a DEX token which is an ERC777 token (also ERC20 compatible token) and acts as a non-security consumer token. DEX token utility can be summarized in these distinct cases which will be enabled gradually, as protocol development reaches planned milestones:

Staking for listing in token curated registries and for service providers

Decentralised governance

Payments (optional)

Token sale and use of funds

Hard cap (Manage milestone): 20,000 ETH

Soft cap (Reclaim milestone): 3,000 ETH

Emitted tokens (incl. Seed and bonus): 40%

Rate: 50,000 DEX for 1 ETH

Distribution of tokens