About Prometeus

Prometeus Network describes itself as a secure and decentralized ecosystem designed to solve real-world problems in data brokerage. It was created for the Influencer Marketing, Medical and Insurance data market industries. Prometeus Network is developed by Prometeus Labs, a company of data scientists and entrepreneurs.

Contents

About Prometeus Market Problem User not a number Access and Quality Regulation Limbo Solution Design Censorship Incentives Rewards Encryption Token Metrics Tips for securely storing your Prometeus

Prometeus Network is a secure and decentralized ecosystem designed to solve real-world problems in data brokerage, created for the Influencer Marketing, Medical and Insurance data market industries.

Prometeus Network is developed by Prometeus Labs. A company existing out of data scientists and entrepreneurs who have been working for more than 15 years on machine learning, business development and marketing.

Market Problem

The real owners and producers of personal data get no financial reward for their data and are often treated like an asset rather than a real persons. Furthermore, raw data is of little interest for any data buyer, for data to have value it must beforehand be enhanced by machine learning experts and only then it has value for any end user.

User not a number

Prometeus data is scattered over a number of different platforms and is being sold without any reward for the data owner. Access to the user data is limited to the major players (FB, Google, Apple, etc) and is therefore further limiting opportunities for start-ups and their AI technologies..

Access and Quality

Prometeus data has low value. It must be enriched by AI beforehand. Currently, there is a lack of legitimate ways on how to purchase this valuable data, resulting into analytists sourcing their data from “black markets” which have questionable origins and often supply low quality of data.

Regulation Limbo

GDPR and the Facebook–Cambridge Analytica data scandal drives social media platforms towards limiting the use of their data by cutting the API down, making them almost complete uselessness. However, now the real data owners finally are able to get access to their data thanks to these regulations.

Solution

The Prometeus team has designed a secure and decentralized ecosystem for people-owned data markets which overcomes current real-world barriers and serves as an infrastructure for gathering, validating, processing, enriching, and selling people-owned data.

Design

System designed to solve specific problems of growing markets with real clients and high demand.

Censorship

Prometeus Censorship-resistant, trustworthy data storage with fair access for everyone.

Incentives

Working system of incentives to network members for providing and updating the data and inviting new members to the network.

Rewards

Prometeus Direct reward for data owners for every access to their data.

Encryption

Encryption mechanism for secure storage of people-owned data and transaction settlement.

Token Metrics

Total hardcap: 4,850,000
Private sale: 4,000,000
Public sale: 850,000
Initial circulation: 2,450,000Utility token functions: the network currency, a possible acquirer’s a payment medium, a possible owner’s payment medium. Work token functions: network service fees, proof-of-stake deposits for ecosystem participants.

Tips for securely storing your Prometeus

Do your own research. Before sending any coins or private data to a wallet, make sure you have researched the wallet provider to make sure everything is above board. Keep an eye out for scam wallets, such as those using URLs only slightly different to the URLs of legitimate wallet providers, and check out some independent reviews for all the pros and cons.
Back it up. Make use of your wallet’s back-up and restore facility so that if something ever goes wrong with your wallet, you’ll be able to recover your funds.
Set a strong password. Now is not the time to be lazy when creating a password; take your time to create a strong and uncrackable code.
Make use of all available security features. Make the most of all the security features your wallet offers, such as two-factor authentication or multi-signature transactions. It’ll offer increased protection for your funds and greater peace of mind for you.
Update your antivirus software. Take care to regularly update the antivirus protection and anti-malware software on any device you will be using to access your wallet.
Keep your private keys private. Last but not least, don’t underestimate the importance of your private keys. Store them somewhere safe and don’t share them with anyone else.

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Prometeus Wallet Review : Prometeus Network is a Secure And Decentralized