The use of mobile phones and smart devices has increased in the last decade at a fast pace. Today’s generations are migrating from PCs to portable devices, using them on a daily basis. This has led to a massive growth in the volume of human data or mass data, which refers to the information collected from devices with an Internet connection. This kind of data can relate to the user’s location, preferences, status, personality traits, and so on. Some tech giants, such as Google and Facebook, collect and use this data to better understand the customers’ behavior. This allows them to better react to trend changes and be one step ahead with the solutions. They also analyze these datasets to come up with targeted ads and monetize data by selling it to third parties.
Today, big data is a huge industry with countless opportunities, while the mobile apps are some of the most important tools through which data can be collected. However, currently, only 1% of apps are accounting for most of the industry’s revenue, which demonstrates that there is much inequality and a true monopoly maintained by a hand of large companies. Mofiler, a young startup, is ready to leverage the blockchain technology and artificial intelligence (AI) to develop a data-oriented ecosystem that would allow any app developer to benefit from mass data.
Mofiler proposes a data monetization platform that enables app developers to generate a profit based on the data collected via their apps. The platform will allow developers to sell datasets to third parties in a decentralized and transparent manner. On the other hand, app users will be able to control what kind of data can be collected from their devices, because, let’s be honest, big companies don’t really care about our privacy. Moreover, users will be compensated for sharing their data, which will be another good way to generate an additional income.
The Mofiler ecosystem addresses four key categories:
- App developers – they will have the chance to monetize their data whenever their apps are used. The Mofiler platform will be free for them.
- Data buyers – the second group refers to marketers who are ready to buy data in order to conduct effective marketing campaigns. With Mofiler, data buyers will be able to better understand the trends and get the access to new audiences.
- Users – the everyday users of mobile apps will represent the most numerous group in the Mofiler ecosystem. By using the platform, they will rest sure their data is shared only with permission.
- Data scientists – last but not least, the Mofiler platform will represent an excellent tool for data scientists, who will have the opportunity to collect and analyze relevant data in a transparent manner.
How Does Mofiler Work?
The platform applies a unique model referred to as “Data Science as a Service.” It packages app-based data assets in individual datasets and makes them ready for use for third parties like advertising companies.
The Mofiler technology is based on the cAppital protocol, which represents a system that validates the value of data and ensures its cyber-security and legal compliance.
The Mofiler platform will focus on three key tasks:
- Collecting data – during this process, the Mofiler platform, based on the cAppital protocol, will collect raw data from multiple sources, including mobile apps.
- Processing and analyzing – the platform will enrich the value of the raw data by categorizing, analyzing, and processing it with innovative tools based on machine learning and AI.
- Selling data – the Mofiler ecosystem will also represent a marketplace where data can be sold to third parties.
The Mofiler App will include more components, like the Console, which acts as an interface of the ecosystem, the Mofiler Wallet App, which will allow users to control the sharing of their apps and data, and the API, which will enable companies to integrate the cAppital Dapp with their internal apps.
It’s important to note that the entire set of processes taking place within the ecosystem will occur in a decentralized manner, which will allow everyone to have a voice, so everyone can participate in a fair a transparent way This is achieved thanks to the use of blockchain technology. The marketplace will be fueled by smart contracts and two ERC-20 tokens that will have two distinct functions – these are the CAPPI token and the MOFX security token. Let’s have a quick look into the two tokens.
As mentioned, the ecosystem will be fueled by two tokens: CAPPI, which is a utility token, and MOFX, which is a security token. The MOFX token will be released via a security token offering (STO) carried out in several stages:
- Pre-STO – the pre-sale started on June 18, and it allowed investors to enjoy 50% discounts.
- Public STO – the public sale will be announced. It’s worth mentioning that retails investors will be able to buy tokens at generous discounts, like 20%, 10%, and 5%.
- Market or Post-STO – investors will be able to buy the tokens at full price after the STO event.
The other token, CAPPI, will be distributed exclusively via airdrops aimed at Mofiler market participants.
Based on the STO event, the Mofiler team hopes to raise no less than $2 million to build the platform, ensure its security, and market it via different channels. According to the roadmap, the test platform will be launched in May 2019.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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VOLUM (VLM) Announces Commencement of Token Generation Event
ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.
Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.
The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.
“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…
How to Secure Yourself in Relation to Bitcoin: Top VPN Services
Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.
Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.
What is a VPN?
Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.
While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.
Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…
Is it legal to gamble in Bitcoin casino?
Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.
Key facts on Legality in Bitcoin casinos
Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.
The necessity of Gambling License for Bitcoin casinos
In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.
There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…
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