ALGEBRAIX
ALGEBRAIX
Securing Your Personal Data
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The Internet has become one of the greatest inventions of all time when billions of people globally access this technology every day for the reasons most familiar to them. To access various sites on the internet and enjoy the services offered by these sites, users enter their personal data such as name, birthday, home address, and hobby without thinking. This data provided by users is actually worth some money as individuals and organizations with online businesses utilize this ready-made data to their own profit generating revenue from it through marketing and advertising. The most painful part is that these people do not receive incentives from the income generated.
How it works Algebraix
To achieve the goal of securing and monetizing data, the algebraix platform developed a personal safe [PSV] that will serve as an interface to access the platform. PSV is armed with mobile apps where individuals can upload their personal data, uploaded data is stored securely with end-to-end encryption that allows only data owners to access their data by generating private keys otherwise known as passwords, data owners can now monetize their data to individuals and interested organizations that need their data for their business. The mobile app will also serve as a digital wallet to store and transact the original currency of Aljabarix [ALX] as it will serve as the only medium for service payments on the platform, users need to obtain ALX to enjoy the services offered by this platform, secure messaging applications as well will be available for users to interact and send direct cryptocurrency payments in a secure manner. Beta is up and you can sign up at https://algebraix.io/beta/. The algebraic platform is the most advanced platform for the development of the 21st century.
Personal Security Vertas (PSV)
PSV is a mobile app that paves the way or gives users access to the Algebrax platform.
PSV offers the following services;
- As a Secure Personal Data Store: PSV will be used by individuals to store data securely in encrypted form, with the Aljabarix platform acting as a backup. With a private key issued to each user, the user will have control over the data.
- As a Digital Wallet: PSV will also act as a wallet to store purchased or acquired Algebra tokens (ALX), it can also be used for service payments on the Algebarix platform. PSV can also store or send other cryptocurrencies and with an integrated secure messaging feature, users can send messages to each other.
- Multiple Device Implementation: PSV is built to work on any mobile device. A mobile device is the user's gateway for accessing its tokens, etc.
- Video Ad Browsing: PSV is user-friendly, allowing users to view ads and promotions, review other user activity, upload data, etc.
- Anonymous Database: Due to the large amount of data stored on the Algebrax platform and the need to protect them, this data will be encrypted using AES-256 cipher encryption so as to maintain security and trust. Therefore, the only way to get data out of the platform will be through its owner.
- Access to Other Applications and Blockchain Services: PSV will be built to run applications directly on other platforms.
Data Ownership;
The problem: Currently, unsafe and unprotected data is harvested and exploited by large organizations without the knowledge of the previous owner or rewards the owner.
Solution: Algebraix aims to resolve this by providing individuals with Personal Secure Vault (PSV), where they can store and have access to their data in encrypted form and choose to share with whomever they refill.
Data Exploitation;
The problem: Exploit data now is the order of the day. Large organizations that have access to our data now redeem it without the owner's consent or reward the owner.
Solution: With Algebra, data owners will have control over the ads they are presented and rewarded for viewing ads if they choose.
Data Vulnerability;
Issue: In addition to organizations that exploit user data, they also fail to protect that data.
Solution: Algebraix solves this problem by presenting individuals with a private key to their account and only those who have it, who has power over it.
CONCLUSION
Algebra is a single-purpose platform that allows individuals to secure and monetize their data.
To achieve this, Algebraix will be built on a blockchain platform, driven by Algebraix Tokens (ALX) with a total supply of 100,000,000,000, which will be used to pay for services on the Algebarix platform. Individuals whose data is used by advertisers are paid in ALX, individuals, in turn, will be able to use ALX to pay for services offered by Algebraix.
TEAM AND DEVELOPMENT
I hope you can be part of this great project, and I hope tomorrow this platform becomes more powerful, and useful for people, that's what I can explain.
Telegram Group: https://t.me/Algebraix_Data
Follow on Twitter: https://twitter.com/alxtoken
Follow on Facebook: https://www.facebook.com/alxtoken/
Website: https://algebraix.io/
Whitepaper: https://algebraix.io/whitepapers/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3123790.msg%msg_id%
Author : Satria99
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