//WIBSON’S Concept For Data Owners

WIBSON’S Concept For Data Owners

Wibson is a Cryptocurrency project built on the ideology that everyone deserves the right to have full control of their data and internet infrastructure and can choose to sell their data to anyone without having their privacy being extricated.In a time where large data companies take charge of everything that has to do with our internet,having control of everything from data systems, to users account details and credit facilities, there is a need to have a system whereby these companies would no longer be in total control of the internet of things.A decentralized system in which data sellers and buyers can effectively interact with each other in a safe and transparent environment, where each user has control of the amount of data he/she can decide to hold on to and/or sell.Wibson infraustructure is innovative and expedient for the internet of things, enabling users to experience a new way to utilize data in an efficient manner. It creates a marketplace for data sellers, data buyers and notaries to transact with one another directly, thus removing the activities of middlemen entirely from the ecosystem and reducing transaction costs.The Vision of Wibson team seeks to intertwine the benefits of blockchain technology to provide a platform where people can choose to sell any part of their personal data which is deemed to be effectively accurate to anyone who wishes to purchase them, and in the same way, securing all parts of their data that they wish to keep safe.In Wibson ecosystem, data consumers and data owners have direct interaction and every transaction is auditable using smart contracts. This would make for good use of data ,reduce wastage and allow for efficient use of data retrieved by companies and firms.Wibson Protocol:Wibson protocol is built on a set of values which allows all party to operate in a transparent manner, hence the data seller has full access to what the data he/she is selling will be used for and can effectively create limits to data usage. The data consumers on the other hand will receive full accurate information about data being bought from the notaries, this ensures transparency and that no party is being cheated in any transaction.Moreover, there exists an off-chain tranaction cyle and an on-chain transaction cycle between data sellers, data buyers and notaries, using smart contract, this protocol is put in place toensure effective decentralization and for fast transactions as the parties involved would ensure that their staked in the smart contract would not have to stay there for long periods.Wibson App:The Wibson Mobile App is already running and is available on the Google playstore, this App has had a massive number of users which is currently at about 5300+ and is expected to keep increasing exponentially, the App alone has been the hub of interactions between data sellers, and data buyers, creating an ecosystem whereby individuals data does not have to be used without his/her consent,a and admittedly, everyone has control over which of his data is to be used and for what reasonsWibson Website:- http://bit.ly/2FLG3tc Username: Phlaser247

Wibson is a Cryptocurrency project built on the ideology that everyone deserves the right to have full control of their data and internet infrastructure and can choose to sell their data to anyone without having their privacy being extricated.

In a time where large data companies take charge of everything that has to do with our internet,having control of everything from data systems, to users account details and credit facilities, there is a need to have a system whereby these companies would no longer be in total control of the internet of things.

A decentralized system in which data sellers and buyers can effectively interact with each other in a safe and transparent environment, where each user has control of the amount of data he/she can decide to hold on to and/or sell.

Wibson infraustructure is innovative and expedient for the internet of things, enabling users to experience a new way to utilize data in an efficient manner. It creates a marketplace for data sellers, data buyers and notaries to transact with one another directly, thus removing the activities of middlemen entirely from the ecosystem and reducing transaction costs.

The Vision of Wibson team seeks to intertwine the benefits of blockchain technology to provide a platform where people can choose to sell any part of their personal data which is deemed to be effectively accurate to anyone who wishes to purchase them, and in the same way, securing all parts of their data that they wish to keep safe.

In Wibson ecosystem, data consumers and data owners have direct interaction and every transaction is auditable using smart contracts. This would make for good use of data ,reduce wastage and allow for efficient use of data retrieved by companies and firms.

Wibson Protocol:

Wibson protocol is built on a set of values which allows all party to operate in a transparent manner, hence the data seller has full access to what the data he/she is selling will be used for and can effectively create limits to data usage. The data consumers on the other hand will receive full accurate information about data being bought from the notaries, this ensures transparency and that no party is being cheated in any transaction.

Moreover, there exists an off-chain tranaction cyle and an on-chain transaction cycle between data sellers, data buyers and notaries, using smart contract, this protocol is put in place toensure effective decentralization and for fast transactions as the parties involved would ensure that their staked in the smart contract would not have to stay there for long periods.

Wibson App:

The Wibson Mobile App is already running and is available on the Google playstore, this App has had a massive number of users which is currently at about 5300+ and is expected to keep increasing exponentially, the App alone has been the hub of interactions between data sellers, and data buyers, creating an ecosystem whereby individuals data does not have to be used without his/her consent,a and admittedly, everyone has control over which of his data is to be used and for what reasons

Wibson Website:- https://wibson.org

Bounty0x Username: Phlaser247