The crypto markets are in the green during this fine weekend. An event that has made so many traders joyous to the point of some having decided to go to Church and maybe join the choir (just kidding). Whatever is the cause of the green candles, it has touched on 4 favorites of Crypto traders. These coins are doing double digit gains in 24 hours. They are Cardano (ADA), Stellar (XLM), IOTA (MIOTA) and NEM (XEM).
In the case of , the coin has done an impressive 10.51% in gains and is currently trading at $0.2177. This is a welcome relief after the markets had been serious affected by a highly volatile bitcoin last week. But with bitcoin gaining, so is the rest of the coins and tokens. ADA enjoys a huge following of traders and HODLers who believe that once development of the platform is done, it will offer better smart contracts and advanced financial system on the blockchain.
is also enjoying double digit gains. XLM is currently trading at $0.293 at the moment of writing this. It has done a cool 19.24% in 24 hours. This is quite impressive for a coin that does not enjoy the similar buzz and noise as compared to Ripple (XRP). Both projects aim at making banking and payments easier on the blockchain.
seems to have come out of a long hibernation in the markets. It is currently trading at $1.65 and has done a major 22.41% gain in 24 hours. The speculation on the web, is that the much anticipated Trinity Wallet is close to completion in terms of development. This is welcome news for the fee-less platform of IOTA (with respect of transactions). This is one project that many people want to succeed for it could revolutionize .
had only been mentioned yesterday in an article that dubbed it A Dark Horse that will stun the Crypto-verse in the coming days of 2018. It is currently doing 16.98% in gains and trading at $0.339. A Dark Horse is defined as a little-known person or thing that emerges to prominence, especially in a competition of some sort, or a contestant that seems unlikely to succeed
One thing to note is that all these coins are relatively well priced at values between $0.20 and $1.70. Even if a trader were to buy at the current highs, all the coin’s projects are promising and firing on all cylinders moving forward. This means if the price were to dip by double digits, you’d probably still profit at the end of the year.
The post appeared first on .
This is right time for Telcos to unleash themselves and displace OTTs like Amazon, Google, Facebook, Twitter…
Handful of big tech behemoths are centralizing the data generated by users. And there are numerous incidents reported in media on how users’ data is getting leaked, misused, and monetised.
There is lack of transparency on how the data is used and it is due to centralized control of the users’ data locked with a central entity like the OTTs.
Users want to control their personal data:
Users want to control their data which is generated when they visit places, search & buy things online, view images, click on advertisements, watch videos, … and many more things.
Users want to control the usage of their data / content generated by them. When they leave a central service provider like Facebook, LinkedIn, Twitter, Amazon, they would like to take their data back.
Users know that Data is the New Oil. They know that Facebooks of this world are making huge money on their data- and they are not getting any pie.
THE SOLUTION IS TO DECENTRALIZE THE CONTROL of DATA.
Let users own and control the data / content they are producing.
The AS-IS State of Current Solution Looks like following where users do not get any monetary benefit of data they product.
But in the TO-BE State of Proposed Solution looks like following where users do get monetary benefit of data they produce.
In the TO-BE scenario:
– The user gets complete ownership and control over their data / content.
– It enables users to earn a passive income from their data.
– Data Consumers (Corporates, Advertisers etc) and their developers get access to decentralized marketplace for high quality data.
What is the role of Telco:
1. Setup Personal Data Marketplace and eco-system.
1. Plug-in eco-system of innovative Fintech and startups who can now access the consolidated user data with user’s permission. Uptill now, data was with few centralized entities like Facebook. And in absence of access to the users’ data, startups even with innovative solutions were not surviving. Now, there is a hope in this model. As data is not in any central entity’s control. It is available if producers of data want to share and monetize.
2. On-board Data Consumers (corporates, advertisers etc) who would purchase data from the data marketplace from users in a P2P manner. In the Marketplace, User Data will be consumed only by the authorized consumer and consumer will be sure of the identity of the provider. The User encrypts his data first with his private key, then with Consumer’s Public Key. Consumer decrypts the data first with his Private Key and then with user’s Public key.
1. Open source Smart Contract code so that absolute transparency claim can be ensured. Anyone can verify how data is consumed by consumers and how it is monetized.
Benefits to the Telco:
The Telco gets following advantages:
1. Uptill now, the Telcos are the mere bandwidth provider. With the Decentralized Data Marketplace, Telcos will have leading role in enabling the customer to protect and own their data. Hence Telcos will start owning customer experience. Customers will see direct involvement of Telcos in their data life cycle activities.
2. Telcos will get additional revenue stream from Data Consumers. Uptill now, Data Consumers were approaching Facebook, Google etc for getting users data. Now, the Decentralized Data Marketplace will have much more comprehensive data of users. Hence the Marketplace generates huge monetization opportunity which is not available as of today.
3. The Telco will groom the Marketplace eco-system with AI & Virtual Reality powered apps from Fintech/ Startups. The users can plug-in such innovative apps to get insights over their data. This can generate monetization opportunities not only for the Startups but also for the Telcos. That is how Telcos will start contributing towards customer experience.
Benefits to the User:
1. The users get complete control of their data. It cannot be used by anyone including the Telco operating the Marketplace, without explicit permission. The user can attach Smart Contract to monetize his / her data.
2. The user will know with whom data is shared.
3. The Users registering themselves with Marketplace can offer their idle Laptop or Mobile Phone or Server’s idle CPU / Storage space and earn passive money.
4. The Marketplace eco-system will have innovative AI & Virtual Reality powered apps from Fintech/ Startups. Users can plug-in such innovative apps to get insights over their data.
Benefits to the Fintech, Startups:
The Startups, FinTechs, Insurtech will get access to data which was available only with Facebooks of this world. The AI component embedded inside their offering makes sense only when they have adequate amount of data with them. With Data Marketplace, they will get huge data and opportunity.
Key Technology Components:
Following are the key technology Components:
Decentralized Identity Management from likes of .Decentralized Processing Platform like Ethereum or HyperledgerDecentralized Computing platform like Decentralized File System like Blockchain Database like .
Overall Architecture: I’m working on it. Stay tuned to my next post on this. Do let me know, if you are interested.Conclusion:
Data is the new oil. But uptill now this oil is being processed only by handful of big tech companies like Facebook, Google, Amazon etc. Users who generate this oil do not get monetary benefits. They are concerned over recent indents where users’ data got leaked and monetised. Users are waking up. They want to get the control back. How this this possible? This is possible with use of decentralised technologies whose details are discussed in this paper.
If you liked reading this post, pl. let me know your views, opinion.
*** End of Document ***
