DATABLOCKCHAIN.IO : A r t i f i c i a l I n t e l l i g e n c e a n d B l o c k c h a i n Technology.

kunscrypto (27)in #datablockchain • 7 years ago (edited)

Datablockchain.io is a revolutionary data platform that is aimed at dramatically changing the way companies and individuals collect premium data. This product aims to simplify the work with data, making them more accessible and less expensive than with existing data collection and validation methods. As a result, customers can access specific data sets in an efficient and transparent way, choosing exactly what they need without paying for data they do not need.
DataBlockChain.io aims to democratize big data and level the data playing field by providing the most comprehensive marketing data solution to all businesses and individuals. DataBlockChain.io will provide a robust interface between the business or individual and the data sources. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers.

OBJECTIVES
DataBlockChain.io’s objective is to provide a comprehensive solution that serves as both an upgrade to the demand and supply side of the data industry, and solves two key market flaws: disparate data sources and lack of transactional transparency, both in utilization and payment, to data owners.

To empower Data Source Providers to provide access to their data and monetize it
To provide full transparency, traceability, and auditability to the data providers
To build confidence between the end user and data sources
To give Businesses and Consumers quality verified data
To give End Users a simplified easy-to-use interface with a quick payment system.

PROBLEM
The key to both acquiring new customers and retaining your current customers is possessing the critical data that can help you market to prospects with the highest propensity to use your products and services and help identify your current customers’ needs, ensuring their long-term loyalty.

The data industry today is both complicated and highly fragmented, o ering a confusing number of choices to businesses desperately in need of this critical information. The existing data marketing ecosystem of data/list owners, managers and brokers is inecient and often ine ective, costing businesses unnecessary time and money.

SOLUTION
DataBlockChain.io will provide a robust interface between the users and the data sources. DataBlockChain.io will create a single-point solution that will eliminate the need for multiple data vendors and layers of list managers and brokers that create ineciency in the marketplace. The backend systems will ensure full confidence in data quality for the end user as well as transactional finality for the data providers.

BLOCKCHAIN INTEGRATION
DataBlockChain.io utilizes the Ethereum Blockchain and Smart Contracts for all transactions and payments. Blockchain is a secure transaction ledger database that is shared across a distributed network of computers. Blockchain uses state-of-theart cryptography to keep transactions secure. The ledger stores immutable records and cannot be hacked. The Blockchain adds trust across transactions.

The Ethereum Blockchain empowers DataBlockChain.io to make complex payment contracts to diverse data sources. DataBlockChain.io supports Smart Contracts for transactions, payments and auditing. It allows existing data sources to have full faith in the transactions and payments. Transactional history includes data sources used, records obtained from each source, and payments made to these data sources. Every Transaction can be Audited. The Blockchain protocol keeps these transactions transparent, immutable, and verifiable.
DataBlockChain.io utilizes IPFS to store the completed transaction record. This record allows Data Providers to scrutinize their transactions to check data usage and payouts. A cryptographic hash pointer to the full transaction is stored in the public Ethereum Blockchain for full auditability. Data Providers can view a complete breakdown of their transactions using a Management UI provided by DataBlockChain.io.

DBC WALLET
The current process for using utility tokens is very complex and not user friendly, thereby limiting potential usage. The user will require multiple wallets and a technical understanding of Exchanges , Ethereum, Wallets, and Token Exchange. The process is complex and involved. The steps include:

Creating an Ether wallet that has access to the main Ethereum network. (This is a complex process that involves many steps and an understanding of Private and Public Keys).
Use an exchange to purchase Ether which is stored in the exchange wallet. (Some exchanges allow Fiat to Ether purchase but others require you purchase BTC separately and then convert the BTC to ETH).
Transfer the Ether from the exchange wallet to the user wallet. (Needs an understanding of wallet addresses and exchange fees).
Find the Token Sale for DBCCoin and transfer ETH using a Smart Contract to exchange for DBCCoin. (Requires an understanding of Smart Contracts, Gas, Wei, and Transaction Hashes).
Use DBCCoin for purchases by sending DBCCoin to a transaction address.

THE DBC WALLET MAKES A COMPLEX PROCESS SIMPLE
DBCWallet is a browser extension that allows the user to store DBCCoins and use them to purchase services on DataBlockChain.io with a few clicks.
The DBCWallet creates a secure local Ether wallet that is stored on the user’s computer. DBCWallet creates a simple process for the user to purchase Ether through a trusted exchange. The Ether can then be easily exchanged for DBCCoin with one click using the wallet. The DBCWallet can be used to pay for transactions on the website like a credit card.

ABOUT TOKEN
DBCCoin is an ERC-20 Token (with ERC-677 functionality) that is implemented on the Ethereum blockchain. DataBlockChain.io utilizes Smart Contracts written in Solidity for transactions, auditing and payments. The DBCCoin tokens will be used for transactions on DataBlockChain.io and be used to remunerate Data Providers.

The DBCCoin token will also function as an essential marketing tool for DataBlockChain.io as it will serve as the basis for the Rewards Program as well as incentivizing partners through a Promotion Program. These functionalities will be fully supported in the Smart Contract using Solidity.

TOKEN DISTRIBUTION

Total Tokens Created: 870MM
Total Tokens Being Sold: 522MM (60%) Private Sale: 100MM Tokens
Pre-Sale (5/27 - 6/27) Total Tokens Being Sold: 164.58MM Token Price: $0.08 ($0.12 w/ 50% bonus)
Main Token Sale (9/10) Tokens Being Sold: in Token Sale: 257.42MM Token Price: $0.12
Team/Advisors Allocated: 221.1MM (25.41%)
Bounty Campaign: 10MM (1.15%)
Air Drop / Marketing: 10MM (1.15%)
Exchanges/Reserve: 106.9MM (12.29%)
Min purchase for Pre-Sale: 1 ETH
Min purchase for Public: 0.1 ETH
Team members will be on a 12 month vesting schedule with 25% released quarterly
Soft Cap: $10 Million | Hard Cap: $50 Million

USE OF FUNDS
Funds raised during the DBCCoin Token Sale will be used for the development of the app and DBCCoin and for ongoing expenses required to support the growth of the project. Seventy-five percent of collected funds will be spent on equipment, development, data acquisition, and marketing. The rest will be allocated for wages, offices, and legal and consulting services.

use of fund.PNG