Review on Decentr by Bünyamin Sevinç
A true data economy: Decentr
Decentr is a project that allows people to monetize their internet activities. As I've always stated, trust is everything. Because Decentr is progressing to be an immutable platform that collects and secures user data. In addition, users may gain or lose personal data or PDV values due to positive or negative interactions on the Decentr platform.
I can say that the project has many benefits. Let's look at them together:
First of all, your personal user data belongs to you in Decentr. So every online visit becomes part of your personal identity, securely stored in your DecID. I can say that this is an advanced security system.
Your data becomes a kind of currency. In other words, secure data has superior value storage features up to the value of money.
Your personal data value (PDV) functions as your personal exchange rate between all currencies, fiat and digital.
The positive interaction will see an increase in your PDV, making payments cheaper, and the negative interaction level will see the same decrease.
So the project is kind of a "real" data economy.
What I understand is that the project aims to realize the full potential of a "real" data economy by creating a secure open source platform. It is a promising project. Because their team is also very experienced.
As a result, the data becomes the new currency. I can say that the raw user data really belongs to you. It also gives the user control and great value to your data.
Finally, I think the project will have a great impact on the liquidity of financial markets and society. Therefore, it draws the attention of readers and encourages them to do research.
Pros
- Secures user data
- User data belong entirely to you
- Our personal data value functions in the exchange rate
- They have an experienced team
Cons
- Not for now
New products
Comments (1)
November 21, 2020
First of all, I agree with you about the Decentr project. The advanced security system puts Decentr one step ahead. It is also really cool to have personal data under the user's own control.
