INTRODUCTION

You need to think out of the box when you want to have an edge over all others, to have that competitive advantage , it is important to be very very creative. And this is the creativeness that privi protocol is bringing to the world at large.

As years goes by and by thousands and millions of terabytes of personal data has been generated. So, it actually makes sense if individuals/users consider a platform’s designs before sharing their data, which decides if a company acquires and uses these data for beneficial purposes or exploiting consumers. Some privacy focused legislation have been brought into place to protect individuals from the menace of data theft, the recent events of unsolicited data harvesting and data hacking with some well respected internet giants as proven that compromise of stored data has now become a matter of when and not if.

At times like this a lot of financial service providers are integrating new technologies that could decentralize the financial system. The decentralization of financial services is pointing to the eradication or total reduction in the role of one or more intermediaries or centralized processes that have traditionally been involved in providing financial services. In some cases it refers to the decentralization of courageous activities away from traditional intermediaries. This has taken place through capital markets, but can be expanded more widely. With all these been said, i will be introducing you to an exceptional platform which is revolutionizing data ownership and decentralized finance. This platform will turn your data into indispensable assests.

ABOUT PRIVI PROTOCOL

The PRIVI Protocol bring technologies that is state of the art and incorporates them carefully with all proper measures taken into a new ecosystem which brings new lasting solutions to the problems faced concerning data ownership. The PRIVI Protocol is based on two core blockchain based protocols:

Firstly is the Data Protocol, a blockchain system that accord users the capacity to share and monetize from their data. Fundamentally, the Data Protocol is a cyclical system that keeps getting better with time. The Data Protocol involves 6 core cyclical phases: data is collected encrypted and stored and are explored by AI algorithms for insight generation that are then sold to advertisers, for them to make use of to target and launch ad campaigns.

With this platform advert success is put together and quantified and the data generated begin to loop again. Each renewal produces more data, and this results in the continuous growth of the database. The more data that is accumulated, the more correct the predictions and insights of the AI algorithms are, and this gives a better advertising campaign, which will then lead to a higher business demand and definitely better services to its users. This renewal accelerates on time since the Data Protocol becomes increasingly more welcoming, accurate and increasingly demanded.

Secondly is the Finance Protocol which provides two technologies for its users that serve as a natural advancement of decentralized finance. PRIVI traditional lending, a common collateralized lending system, is accessible to users who already have coins in the platform, for example is the PRIVI Coin that allow users to borrow either BC or PC and lock collateral in the contrary coin. Another is the PRIVI Credit. A ex crceptional credit system that is based on transparency, trustworthiness and incentives, that has the ability to re-engineer the credit and DeFi industry. The PRIVI Protocol is propelled by a native utility cryptocurrency, the PRIVI Coin, needed for all undertaking, services, solutions and protocols provided in the PRIVI Ecosystem. PRIVI’s ”tokenomics” are mapped out to ensure the productivity of the PRIVI Protocol, creating a strong correlation between the PRIVI Coin value and Ecosystem success.

IMPORTANT DETAILS ABOUT THE ECOSYSTEM

The PRIVI Ecosystem incoporates three important actors that interact between them and the PRIVI Service and Protocols:

• Retail users
• Corporate clients
• Partners.

The flow of the PRIVI Ecosystem is the following:

1. Users and companies enter into the PRIVI Ecosystem through a PRIVI Partner.

2. PRIVI Partners put forward applications such as Web and Mobile Applications to users and businesses to inter relate with the solutions, features and blockchain based protocols powered by PRIVI.

3. These services and protocols are controlled by a back-end blockchain application which interfaces with the PRIVI Partners. The interface is responsible for:

Managing the KYC process, and to store and secure the KYC documents on a highly-secured Sensitive Database.

Manage PRIVI Coins (PC) and Base Coins (BC) transactions between participants through the PRIVI blockchain. 

DAO

PRIVI Protocol is a multifaceted platform that touches various innovative ways of operation on the Blockchain. The more I learn about the project, the more convince I become about its viability.

PRIVI protocol will bring about DAO with customizable tools for each community. Each community will be able to mint their tokens and determines what goes on in the community.

Pods creation

Users will be able to create pods by collateralizing their physical and digital assets. By so doing, the pods could be marketed to the community, various individuals, family and friends as a means to generated needed fund and the Decentralized Insurance are available to take charge of insuring the assets for security purpose.

Data Privacy The Back-end Application restores the Public ID key to the Application. PRIVI Protocol as a progressive arrangement

The PRIVI Protocol brings best in class advances and mixes them intelligently into another ecosystem which carries new answers for the issues recently presented.

One very important feature of the PRIVI platform precisely deal with the lack of transparency in user's data usage and some other ill practices relating to user data shared on various online platform. Considering this the PRIVI protocol platform has data control unique features that enables users with the liberty to fully without fear of data theft to control their data. PRIVI ecosystem will see to a complete transparency when it relates to usage, storage, with one of a kind security and privacy.

PRIVi is a protocol that is built for the new digital age, which has also focused on user been worried about their data, which are founded on the principles of new data protection laws such as GDPR.

APPLICATION

Applications built on PRIVI Protocol will incoporate data control features into their Privacy Settings and in this way let users know of the full list of providers, advertisers and companies that are participating in the PRIVI ecosystem and it will be available for users to enable or disable data sharing when they wish to do that. If a user wishes not to share private data with any company or industry, it will be so as no company has access to user's personal data without user's consents.

CONCLUSIVELY, PRIVI has grown way beyond a average crypto platform. It's a full scale ecosystem built for the world at large. The platform has been set up in such a way that PRIVI Coin holders will always benefit from the growth and success of the network. The PRIVI Coin is unique and revolutionary in the sense that it is a cryptocurrency that not only carries a financial value but also a data value. This is a interesting project we should all be a part of and you will be glad you did.

FOR MORE INFORMATION PLEASE VISIT THE USEFUL LINKS I HAVE PROVIDED BELOW;

Website: https://priviprotocol.io/

Whitepapper: https://priviprotocol.io/whitepaper

Twitter- https://twitter.com/priviprotocol

LinkedIn- https://www.linkedin.com/company/privi-protocol/

Telegram- https://t.me/protocolprivi

Instagram- https://www.instagram.com/priviprotocol/

BountyOx Username: Brainerdpaul

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