CyverVein project with its CVT token use blockchain technology based on the ethereun platform. CVT is an ERC-20 token.
Databases are the heart of every financial system, making a repository and administrator of many large databases so that information can flow and be available to companies for various purposes is what we currently know as Big data.
That is what this project is about and that is where its vital importance lies.
As an IT professional my motto has always been "little information is harmful." Cyvervein was born out of this need in 2017 in Singapore and is basically a provider of Big data worldwide.
Databases with accurate and useful financial information stored in the blockchain so that it cannot be modified, can be shared and processed so that they nurture the financial processes in order to be more successful.
Creating a big data platform with truthful and reliable information that are useful for Blockchain-based applications where data will be the source of your success, it seems easy, but that is not the case, it is something complex that requires the effort of a team of very high level work.
In the CyberVein business model, data is an asset and as such is monetized.
The CVT Token is used to: reward information providers in direct proportion to the amount of information provided. In a similar way, application developers who interact with databases are also rewarded. They pay for data storage,
In the business model there are buyers and sellers of data which are traded in the CVT currency.
I recommend following up on this project, which in my opinion will go very far and I share the opinion of many who consider it among the top 3 of the year.