//Wibson a Decentralized Data Marketplace

Wibson a Decentralized Data Marketplace

Wibson intend to create a new market-based approach that will be based on recents developments in blockchain, cryptography and market design to ensure that a relationship exist between data consumers (companies,organizations) and data owners (individuals). Wibson aim is to create a blockchain-based, decentralized data marketplace that will provide the necessary facilities for individuals that which to sell their personal information to be protected and also ensures that what they are selling out is proved to be correct.Wibson is made up on a set of basic principles: transparency, anonymity, fairness, censorship resistant, and the individual’s extreme control over the use of their personal information. In the Wibson marketplace, it will be the first time that individuals would be involved in an efficientlyfunctioning, decentralized data marketplace that provides both financial rewards and controlover their personal information, all without given up their privacy.Wibson Marketplace ParticipantsWibson protocol is carried out by three types of market participants, they are; Data Sellers, Data Buyers, and Notaries.Data Sellers are the owners of the data and they have the rights to sell their data. For instant when an individual decides to sell his/her personal data.Data Buyer is any individual or organization who intend to buy data.The role of Notary is a verification system that is used to confirm participants information when needed, it check mate the quality of data and it’s reliability. Also in case any issue arises between Data Sellers and Data Buyers they make a judgment and settle the dispute. To qualify as a Notary, the Notary must have a means to quality or accurate information about the data being exchanged in the marketplace.http://bit.ly/2DtAjCO Username: Ebyluscious

Wibson intend to create a new market-based approach that will be based on recents developments in blockchain, cryptography and market design to ensure that a relationship exist between data consumers (companies,
organizations) and data owners (individuals). Wibson aim is to create a blockchain-based, decentralized data marketplace that will provide the necessary facilities for individuals that which to sell their personal information to be protected and also ensures that what they are selling out is proved to be correct.

Wibson is made up on a set of basic principles: transparency, anonymity, fairness, censorship resistant, and the individual’s extreme control over the use of their personal information. In the Wibson marketplace, it will be the first time that individuals would be involved in an efficiently
functioning, decentralized data marketplace that provides both financial rewards and control
over their personal information, all without given up their privacy.

Wibson Marketplace Participants

Wibson protocol is carried out by three types of market participants, they are; Data Sellers, Data Buyers, and Notaries.

Data Sellers are the owners of the data and they have the rights to sell their data. For instant when an individual decides to sell his/her personal data.

Data Buyer is any individual or organization who intend to buy data.

The role of Notary is a verification system that is used to confirm participants information when needed, it check mate the quality of data and it's reliability. Also in case any issue arises between Data Sellers and Data Buyers they make a judgment and settle the dispute. To qualify as a Notary, the Notary must have a means to quality or accurate information about the data being exchanged in the marketplace.

https://wibson.org/

Bounty0x Username: Ebyluscious