ALGEBRAIX — THE FULLY ANONYMIZED AND PERMISSION BASED ADVERTISING PLATFORM
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INTRODUCTION
What
experience have you had since you started to connect your device
(laptop, desktop, smart phones, tablets etc.) to the internet? I am
pretty sure you are thinking and counting your countless experiences you
have had, looking at the advantages the internet is endowed with. Sure!
It is really fun to have a high internet speed to help you enjoy most
of the stuff on the net including getting an email to receive and send
messages, social media chats and entertainments, watching videos online,
downloading e-books and journals for research works, gaming etc. You
might have really broadened your scope of knowledge and connected to
friends since the advent or dawn of the internet, but don’t miss out
this. Connecting to the internet seems easier to everyone but it’s never
free. Aside the charges you pay directly or indirectly for using the
internet, your privacy is never secured. Why? Because any website you
visit, you leave your personal data on the site, it could be your first
and last name, your email address, house number, zip codes etc.
Webmasters and developers, website owners are making massive gains of
all these data we leave on the net. They gather them all and categorize them
for their personal gains without our consent. You missed that out
right? Don’t worry much because the end to this has arrived. It’s time
to claim our ownership of our personal data. ALGEBRAIX IS THE SOLUTION.
WHAT IS ALGEBRAIX?
Algebraix is a new revolutionary blockchain ecosystem with the intentions to deliver or provide a platform that enables individuals to protect and have absolute control over their identities, by means of smart contracts. Now, the individual can then decide exactly who has access to their personal data and they define how the data can be used by any organzation. The owners of the date will be empowered to make gains out of their data through rewards they will be receiving from organizations and businesses who wish to advertise their products and services. Blockchain technology with it smart contract abilities has the potential to make a difference in the lives of many individuals. We do not know the next remarkable features that this technology will implement decades to come, but Algebraix has made a progress in identifying how this technology can be valuable to individuals in making money from their personal data using on a smart contract.
“While it may not be clear exactly how this new blockchain ecosystem will evolve, we already know it embodies technology that can enable the individual to own, precisely manage and monetize their own data. Algebraix will actualize that capability”
There are a lot of personal data that you already have and will continue to acquire more as time progresses through your educational career. This may include your demographics such as gender, age, marital status; your documents and credentials such as insurance cards, driver’s license, important certificates; financial information as bank statements, your annual salary; past and present health history, interest etc.
THE PERSONAL SECURE VAULT
The Personal Secure Vault (PSV) is a mobile phone application that will provide a user interface to access services of the Algebraix network. The application will enable the user to enjoy the following services;
1. A personal secure data store
The downloaded app will help the individual encrypt all their credentials using the Algebraix network for back-up and storage. Now, the user then have absolute control of the stored data. The app will require that they enters their data where they alone will have ownership to.
2. Digital wallet
The
mobile app also provide users with a digital wallet for receiving any
ALX tokens gained or bought. The wallet will be used for payments of any
services the network provides. There will also be other wallets for
other cryptocurrencies where users can convert ALX tokens to other
currencies.
3. Video Ad Browsing. The mobile app will enable the user to browse through and view ads.
4. An anonymous database
The
network goes beyond confidentiality. All data held by the Algebraix
service will be encrypted using cipher AES-256 encryption to protect it
from being compromise. Get more information in the whitepaper HERE
ALGEBRAIX PLATFORM
Based on already established blockchain technologies, Algebraix intends to build an advance ecosystem the meets the requirements of the project in order to carry out the services on the platform. The platform will include the client PSV, Interblockchain communication which will allow users access to other services on multiple blockchain provided the application allows Alegebraix network, and the permission engine which will be available to external organization who wish to advertise their services to users of Algebraix. In this case the organizations must pay users before granted access to use the data.
ALGEBRAIX TOKEN (ALX)
Hundred billion (100,000,000,000) of ALX token will be generated and soled with no inflation rate. The tokens has been planned for and it will be issued in accordance of the percentages allocated below
25% will be made available for a SAFT (Simple Agreement for Future Tokens) token pre-sale which began in late October 2017.
15% of the ALX supply is initially reserved for staff.
5% is reserved for advisers, agents and partners.
55% is meant for company and contingency reserve for use at Algebraix’s discretion. A customer may be rewarded for download of app, developers reward, campaign rewards, and blockchain integration payments to stimulate productive alliances with other blockchain businesses.
TOKEN DISTRIBUTION
The SAFT (Simple Agreement for Future Tokens)
The SAFT is kept open for potential investors. You can visit the website and participate. According to the project board, this will continue until the release of the first Algebraix platform and the mobile app. The SAFT details are as follows:
Instrument: Algebraix Data SAFTs
Sale Cap: 25,000,000,000 ALX
Sale Time-line: Opened October 2017 and will run until all of the allocated tokens have been sold. There is no specific cut off date, other than the network launch. The intention is to raise $17,000,000. Visit the website and join SAFT at https://algebraix.io/saft
ROADMAP
Milestone 1
The network launch: when this occurs the ALX ledger will be operational and ALX holders will be able to hold ALX in a wallet and transfer amounts of ALX to and from that wallet. A base capability will provide for the storage of personal data by a PSV client application. It will store personal and profile data encrypted locally on the device and via the ALX blockchain.The PSV app will also be a wallet for ALX so that it can facilitate payment and reward activity. The securing and storage of data will be carried out by smart contracts on the ALX blockchain.
Milestone 2
The completion of a permission engine that enables any organization to select subsets of the PSV population who wish to participate, to present advertisements and receive responses. The development will run concurrently with the development of the PSV.
Milestone 3
Development of the InterBlockchain Communication Fabric (IBCF) will also start concurrently with the PSV application project. Once running, it will enable PSV owners to take advantage of services available through other blockchains.
The Algebraix project will empower users or individuals to have control over their credential as to who can have access to for their advertisement. companies or marketers will visit the ALX network with their product giving a detail description of the product. ALX will lay information about the markers’ product to prospect users of the platform. The users will then interact with the marketers and receive awesome rewards. Your personal data can generate rewards for you now. With ALX network, you are the master of your data.
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