Wibson: Game changer in Blockchain Industry.

By pinku007 | pinku007 | 20 Jun 2019

About WIBSON:-

Nowadays, our personal information is often stored on servers controlled by large organizations which centralize and often monetize.

Current developments in blockchain technology have been able to activate market places by transferring from central to decentralized structures. The advantages of decentralized market turn around. Decentralized marketing is particularly suitable for personal information, because it involves us who logically create information.

Wibson Token lived with the introduction of the Wibson Bazaar in October 2012 and has already helped support more than 100,000 data transactions for us. To date, more than seven million WIBs have been used in such transactions by the Wibson community. Our company has received funding from other industry-leading investors, from DGG Capital, Kenetic Capital, and Telefónica’s investment arm, Waya.

Wibson is a Blockchain based, decentralized data marketplace that provides a way for us to sell legitimate personal information securely and anonymously in a trusted environment. We have built on a key set of principles:

Transparency:- We have full visibility between how we have used in our data.

Fairness:- We can exchange data access for value.

Control:- We can exchange data access for value. Supply and demand dictate market value.

What problem does Our project solve?

In today's economy, information is the same. Unfortunately, it does not mean money for everyone. Giant technology companies use the Internet's intrinsic technology protocols to shine smart data capture and control.

The Wibson targets the playing level for all participants of the data ecosystem. Our data marketplace provides infrastructure and financial incentives to sell personal information securely without selling personal privacy to individuals.

Wibson Protocol?

The protocol is the backbone and main idea of the our Wibson Data Marketplace, which will make a safe and secure place for both data vendors and data buyers to transact blockchain. There are many information-related projects committed to protecting information through decentralized blockchain schemes, but we believe that the Wibson protocol is still uniquely designed to create the maximum data protection practices for the development data exchange. Let's we go through some of the details:-

Decentralization :-

Wibson is a true decentralized information market that allow us to securely monetize our personal information. There is no centralized storage for our data with Wibson. The Wibson app only allows vendor buyers to transfer data directly to the customer, it never stays in our personal data, and no data ever hits the Wibson server or the host.

Similarly, the person information is not stored in blockchain. When a smart deal is completed for a data transaction between a seller and a buyer, the information is encrypted and bundled for direct transfer to the customer. The Wibson process never sees the information. Blockchain stores store data for encrypted hash for future auditing but not data itself.

The Wibson Data Marketplace offers direct connections to buyers and sellers, and facilitates sales transaction and data transfer, but there is no "center" where people's information is stored. Wibson are really decentralized for people to always maintain complete control of our personal information.

Notaries :-

With the Wibson protocol, we present a notary role as a verification method for participants' information, data quality, and trustworthiness and need to be mediated in the conflicts between data vendors and data buyers. The information on the information transferred to the market will be true information on the ground. To keep everything running smoothly, notes will be able to execute random checks in the data to ensure compliance with the agreed upon separate data sales terms.

Try the Payment Processing :-

In our Protocol, payment mechanisms for transferring information and information are consistently linked to the Blockchain Smart Agreement system. These legally compulsory agreements executed directly between data vendor and data buyers are done without completing a property transfer or payment. In the case of debate only or in the case of discovery of illegal seller data of the notorious, a payment process may be interrupted.

Transparency & Control :-

Wibson is a perfectly marketable marketplace where data buyers track data and take data from direct data vendors, which allow people to control what data is sold based on our personal preferences. We can choose which data sells and sell at a price and supported by the decentralized nature of the blockchain infrastructure, if we choose, can be completely anonymous. The structure of the Wibson protocol that enables the transparency and personal control of the market.

The new Wibson mobile application has been improved with improved design and user experience and more convenient token rescue capabilities. In the future, data vendors will be able to monetize Wibson Token directly on external digital currency wallet with standard batch payments without standard Ether gas fees.

The Wibson Mobile application lets easily connect data buyers in the market place. We will get periodic alerts with information for review information. Get a direct, accurate, and approved source for our information. And Wibson get paid.

How App works:-

Advertisers and other businesses are already purchasing and selling our personal information without our involvement. Wibson makes me an active participant.
The Wibson mobile app organizes the personal data that we choose to sell from sources like Facebook, LinkedIn, and our location data.
Select Data offers to accept based on how much we get paid, purchasing data and what will be used for it.
Once we receive an offer, our data is encrypted and sent directly to the data customer. Wibson does not see or store our personal information.
Once our transaction is confirmed, we pay the WIB, the Wibson cryptocurrency Token.

New Wibson app will streamline Data Seller cash-out process:-

One of the most challenging and effective scalability in blockchain networks is the management of smart contract transaction costs. To solve this problem, the publication of the Blackchain-based data marketplace, which provides a way for people to secure and sell anonymously valid personal information, publishes a batch payment code, publishing a new Etherium blockchain protocol, which allows market transfer costs by various orders Reduces. An Assistant Wibson Mobile Application Update extends future token power.

Ethereum blockchain activity usually requires third party encouragement for verification of individual smart contract transactions. These third parties pay digital currency based on the computational complexity of our verification activities. Our attempts, measured through a standard scale of "gas". Although gas-based payments have proven to be an effective mechanism for maintaining system integrity, mainstream growth is one of the main reasons for limiting blockchain technology.

Bundle large number of ERC20 token operations in a single batch of transaction, the Wibson batch payment reduces the cost of etherium blockchain transactions by various order schedules. Significant reduction in transaction costs will help us to expand the numbers in the use of fast scalability of the blockchain industry and identifiable use by distributed laser technology.