In this digital age, we generate enormous amounts of data with every online and offline interaction. From our browsing and shopping habits to our location, the data captured by the sensors of our mobile phones📱, transportation vehicles🚗, public satellites providing global climate information, and even the data shared by our smart home devices📺… provide us with a vast ocean of data that flows constantly. However, the underlying architecture of most platforms and web services has led to a concerning centralization of this information. Who really benefits from this digital treasure that we collectively create? And how do some projects offer a decentralized and fairer alternative?

🔔 The Power (and Dangers) of Centralized Data:

Large tech corporations have built empires based on the collection and analysis of our data. This centralization gives them significant power:

1. Monetization without Transparency: Our data is used for targeted advertising, market analysis, and product development, often without our informed consent or fair compensation.

2. Privacy and Security Risks: Storing large amounts of data in centralized servers makes them attractive targets for cyberattacks and potential abuses.

3. Lack of User Control: We have little or no influence over how our data is collected, stored, and used.

4. Limited Innovation: Centralized data banks can hinder interoperability and the creation of new solutions and services.

🔔 Are there Crypto Initiatives Addressing Data Centralization?

Within the crypto space, two very interesting concepts are starting to resonate:

- Personal Data Ecosystem (PDE): Some projects aim to create markets where individuals can sell their data directly to companies, although implementation and mass adoption remain challenges.

- Self-Sovereign Identity (SSI) Projects: Initiatives that allow users to control their own digital identity and the associated data, reducing reliance on centralized providers.

Large tech corporations have built empires based on the collection and analysis of our data. This centralization grants them significant power with obvious risks to privacy, user control, and innovation.

🔔 Crypto Initiatives in the Data Space (Examples on Binance):

While there are projects that address aspects of sovereignty and control of data, direct valuation and rewards for the generation of a wide range of sensor and device data are often not their main focus.

Within the ecosystem of cryptocurrencies listed on Binance, there are projects that seek to address the issue of data management and valuation, albeit with different approaches:

1. Ocean Protocol (#OCEAN ): Listed on Binance, Ocean Protocol seeks to create a decentralized marketplace for sharing and monetizing data. It allows users to publish, discover, and consume data securely, with a focus on the open data economy. However, it relies on data that has already been digitized and does not reward the creator of the data.

2. Fetch.ai ($FET ): Also on Binance, Fetch.ai is building a decentralized machine learning network with autonomous agents that can act on behalf of users. While it does not focus exclusively on the direct monetization of user-generated data, its infrastructure could facilitate new forms of exchange and valuation of information.

3. iExec RLC ($RLC ): Available on Binance, iExec focuses on decentralized cloud computing, allowing users to monetize their computing power and access datasets. While it is not directly about the monetization of process data, it addresses the decentralization of digital resources.

While these projects represent significant advances in the decentralization of infrastructure and data markets, there are still challenges to face.

4. BitValue: Although it is not yet listed on Binance, it differentiates itself by specifically focusing on direct valuation and rewards for real-world data generators, including information from our cell phones, vehicles, drones, and climate data, within a decentralized framework built on #Ethereum. The goal of BitValue is to empower individuals and companies to directly benefit from the information they produce in their interaction with the physical and digital world.

‼️🚀 The Decentralized Alternative of BITVALUE 🚀‼️

#BitValue focuses on the integration of process data where there are sensors and captures of useful information such as fuel consumption of a vehicle, atmospheric pressure measured with a pulse watch, or flight parameters of a drone.

Through our verification and certification system for device nodes, we want to ensure that the process data owned is real and not synthetically generated. With validation of this information, it gains greater value in training machine learning models or for marketing and scientific research, especially in an environment where junk data is the norm.

🔔 1. Decentralized Architecture on #Ethereum: By building our platform on the Ethereum blockchain, we ensure transparency, security, and immutability of transactions and data management, while facilitating robustness on a widely used protocol in the digital universe.

🔔 2. User Control and Granular Consent: Users have total control over what data they share and with whom. Explicit consent is a guiding principle for all data sources, including information from their mobile phones, vehicles, smart home devices, or production plants.

🔔 3. Valuation of Free Data (Example: Climate Data): Even data currently considered "free," such as weather information generated by community networks or the basic location data of mobile phones (anonymized and aggregated), can have value for various applications and can generate rewards for those who share it through BitValue.

🔔 4. Direct Rewards to Contributors: Through our token $BV, users are directly rewarded for contributing valuable data, breaking the centralized model where only large platforms benefit from the information we generate with our everyday devices and seemingly free sources.

⚠️ ⚠️ How can you support data decentralization? ⚠️⚠️

The vision of BitValue, listed on OPENSEA, is to build a future where the value of data is distributed more equitably. By decentralizing the capture, validation, and reward of data from various real-world processes, including information from our cell phones and climate data, solar energy networks, drones, and vehicles, we can break centralized data banks and create a more transparent, secure, and beneficial ecosystem for all.

Follow our series of articles, be part of our community, and become a pioneering actor of BitValue from its inception.

🔥🔥 Remember that you can be an early investor in BitValue at #OpenSea 🔥🔥