BlockCart is an open, permissionless, e-commerce enabler powered by blockchain, with a vision towards establishing a trustless e-commerce framework where data can be openly shared for seamless consumer experiences. With AI and blockchain as key to aggregating and distilling quality, relevant data for use, transactions are done through a secure open-source decentralised network, promising greater security and transparency for all.
|Restricted countries||China, United States of America|
|Hard cap||40,000,000 USD|
|Accepting||ETH, BTC, FIAT|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
Data is ubiquitous, and value of big data and associated big data analytics have become
essential instruments in e-commerce and the digital economy. With the widespread use of data in the digital economy, it continues to exist in a fragmented state, where heavy regulatory stance (privacy policies and data protection) as well as data-as-an-asset approach by private companies silos individual data, and does not allow sharing.
The current user data environment is one-sided, where consumers have very little control or ownership in the digital trail of data that they leave behind every time they interact with
websites/apps or participate in the digital economy in some way. These issues are most
pronounced when one observes the high profile cases of allegations for data manipulation and mismanagement of Facebook and Google in recent times.
With the digital economy, it would make absolute sense for users to be owners of their data and digital trail, as well as manage how their privacy is kept, including who is allowed to access their data. The main proponent against data ownership by the end user is that it is expensive to subscribe to such a system and very little incentive for companies to allow it, and there are few means for users to monetise on their data as a result.
Collection and supply
Data providers are basically those who share information. Data can be personal or business data and collections thereof or data from IOT devices and any other data source. These are the current gateways or collectors of information and will form a big component to data providence due to the massive amount of data that they process and undertake. Moving beyond simply e-commerce websites and their associated data.
As with data providers, there are many potential acquirers or consumers of data beyond
e-commerce owners/operators. These consumers could be data analytics companies, social
media operators, banks, or market companies etc. This would form the bed for an additional sustainable source of consumers for user data which would increase the incentives for end users who are giving up their data in the transaction and ensure longevity in such a data ecosystem.
The most immediate winner from a seamless and open-based digital economy would
undoubtedly be the e-commerce and retail sector. The ideal user experience stemming from an unhindered data-sharing economy would add tremendous value to an already trillion dollar online economy. The cost to market to users would be significantly reduced and become more targeted and efficient, hence less digital wastage and spam from costly marketing campaigns.
The 2019 Fjord Trends Report highlights how problematic news surrounding the use of data in 2018 were. Not only did it grossly inflate the value of personal data but also raised concerns on the data’s utilizations, skewing the masses’ understanding of the value exchange between data owner and data user. Transparency is therefore key, to reassure people that data consumers are only acquiring the necessary data for building products and services.
Eddy Hong Kang Shik CHIEF EXECUTIVE OFFICER
Brandon Lee Sang Soo CHIEF TECHNOLOGY OFFICER
Lee Ki Hyun CHIEF OPERATING OFFICER
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Quote This article is writing on 1 June 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258
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