What is Datafund and how it work

Datafund project is a protocol and a distributed application (dApp) that guards personal data, provides safe storage and enables provable personal data exchange. Information is shared anonymized or on a need-to-know basis according to an agreement between exchanging parties.

As Datafund is a European based project (with global ambitions), it will be compliant with a new regulative in the EU that protects individuals — the General Data Protection Regulation (GDPR).

The processing of personal data should be designed to serve mankind. Because of that we are embracing GDPR as it is one of the strictest privacy protection regulations globally that provides the path for individuals to reclaim their data. Moreover, once Datafund protocol is GDPR compliant, we estimate that other jurisdictions are quite easy to legally satisfy.

Only a decentralized solution puts the individual into control of her data while allowing censorship-proof exchange of data without intermediaries. Moreover, applying blockchain technology allows for creation of an "individual-centric" process that allows for unprecedented economic efficiency for all parties involved. Datafund protocol is built on Ethereum and Swarm with the intent to be blockchain and technology agnostic as much as needed.

Datafund help for store :

• Personal data on demand

Individuals can set permissions down to a key-value pair.

• Fair data

Respecting human rights and privacy while enabling fair value distribution according to the data as labor paradigm.

• New revenue streams for developers

App-generated data can be automatically “sold” back to an individual’s datafund. Forget advertising, enter Web3.

• GDPR compliant and privacy centric

It provides GDPR-compliant encrypted storage and enables provable, ethical data exchange.

• AI Ready

Semantically rich datasets on demand with user consents and granular permissions.

• Developer friendly

Easy to integrate, modular design and upgradable.

• Decentralized and trustless

Running on Ethereum and Swarm makes it censorship resistant, trustless, hacker proof and with zero downtime. 

What are datafunds?

Datafunds are a new form of personal data oracle that can form or connect to data markets. Organizations (data users) are incentivised to give data back to individuals and to participate in a fair and ethical exchange of data value. Contributors to a specific datafund are rewarded with intrinsic tokens of a receiving datafund. 

The Datafund protocol

Datafund protocol guards personal data, provides safe storage and enables ethical data exchange. Individuals create their own datafund to reclaim, own and manage their data.

Datafund Protocol

Design guidelines and values

• Privacy
• Security
• Neutrality
• Equality & inclusion
• Ethics
• Trustlessness
• Open source
• Freedom

Motto: PLUR (Peace, Love, Unity & Respect)

MinMax data sharing principle

Personal data exposes the individual to outside influence and forces. Moreover, we can assume that in this environment, we have malicious actors. Therefore, individuals should minimize their exposure, share on the need-to-know basis, know who has data about them and how it is being used. This is the minimum personal data sharing principle.

Properly anonymized data does not expose the individual and such data can fuel many algorithms and services, and provide value to their operators. Anonymous data marketplaces where individual is in control what data gets offered, can provide a solution. Therefore, anonymized data should be shared as much as possible, contributing to various data sets (research, smart cities, health, product design, …) while maximizing revenues originating from personal data. This is the maximum anonymous data sharing principle.

By being aware of the above guideline, personal data exchange becomes meaningful and on the need to know basis while anonymous data can create more efficient economies and do social good.

Protocol schematics

Receive tokens for data given and are incentivised to keep the list curated.

Revenues return to Alice’s datafund and are distributed proportionally to Alice’s datafund token holders.

Tech Stack

One of the three pillars of Ethereum. It offers encrypted, serverless data storage and content distribution with a built-in incentivisation system.

Datafund runs on the Ethereum blockchain, a decentralised platform that runs smart contracts.

Fault
tolerant

 

Censorship
resistant

 

DDOS
resistant

 

Zero
downtime

 

Self-
sustaining

Announcement channel https://t.me/DataFundAnnouncements

MAIN TOKEN SALE: Currently they are running a private sale, main token sale date TBA. 

You can whitelist your address on https://whitelist.datafund.io/

PRIVACY AWARENESS CAMPAIGN:

Become a privacy activist and earn DEX tokens. Sign up for the campaign:

https://pac.datafund.io/

⚠️PLEASE BEWARE OF SCAMMERS:

- Do NOT share your personal information with strangers and only discuss your enquiries with members of our Admin Team.

-Datafund team will NEVER message you directly, unless you instigate the conversation first. 

-Datafund team will never provide you with any special offers or discounts over Telegram.

-Datafund team will never provide an ETH address over Telegram.

DATAFUND TEAM:

Crt @Crtahlin

Zenel @zenelb

Mihael @mihael1

Gregor @kton9

Gasper @gasper93

Miha @mmohorko

Rok @Rok420

Matej @MatejKebe

Andrej @AndrejChebokli

❗️They will NEVER send the contribution address by email or Telegram. The official address will only be available on your dashboard.❗️

OFFICIAL LINKS:

-Website: https://datafund.io/

-Documents: https://datafund.io/#documents

-Medium: https://blog.datafund.net/

-Twitter: https://twitter.com/DataFundProject

-Linkedin: https://www.linkedin.com/company/datafund/

-YouTube: bit.ly/datafund-youtube

- PAC Bitcointalk: https://bitcointalk.org/index.php?topic=4461038.msg%msg_id%

For business or other inquiries you can contact them at info@datafund.io