MDT – Decentralized Data Exchange Marketplace
MDT (Measurable Data Token) – Period of Digital time today without us feeling an ever-increasing number of solicitations Data Information ourselves, this is one of the unwritten control in the organization to gather the information oneself. There are numerous things in an organization that gather information, for example, email administration and web-based social networking which for nothing out of pocket gather information taken from the client application or web-like email and furthermore there is a paid, there is even rivalry between organizations with different organizations in information accumulation and this makes the rivalry.
Who is the web monster today? The appropriate response is Google. Web index innovation established by Larry Page and Sergey Brinn has recorded 75 billion USD or proportional to 987 trillion IDR toward the finish of 2016 a year ago. Be that as it may, there are as yet many individuals getting some information about “Where did the cash originate from?”. Just, Google’s greatest income is the promoting part. They utilize client information for the motivations behind Advertising, Product Development, and Business Insights. Google has an apparatus to record all movement from its clients, at that point store it in information storehouses or Big Data Storage. At that point, our information in the Google Big Data Storage will be sold to information purchaser or buyer information which will be utilized to their separate advantages. I think this is unjustifiable, in light of the fact that the information is our own yet we don’t get anything.
Introducing the Measurable Data Token (MDT)
Measurable Data Token is a blockchain based platform that connects users, data providers and data buyers and denominates the value of the data. MDT implements Ethereum Blockchain technology which ensures the user’s security in every transaction. MDT allows all users to have full control over their data. Unlike on Google or Facebook, users on the MDT platform will earn money when their data is used or sold to buyers data/data consumer. In addition, users also have full control over their data. That is, their data will only be sold if they meet the parameters they set themselves before.
With this kind of data circulation, all parties involved, including Data Provider, Data Buyer / Consumer Data, User and MDT Platform will be able to work together and gain a fair profit.
Previously there was also a similar project with MDT, namely Datum and Flare. But what distinguishes MDT with other platforms? Is that MDT provides the Open Messenger facility that platform ecosystems can interact with easily? Also, all user data will be stored and encrypted by the Data Provider. That way, all transactions will be transparent and the Data Buyer will get the right target data.
Next Generation Data Exchange
MDT uses blockchain technology and also transforms Traditional Exchange data systems by engaging users into the ecosystem. Measurable Data Token (MDT) is an Ethereum-based Token which is the main component of the platform with its brother the Smart Contract which is also stored in Ethereum Blockchain. In addition, with the support of decentralized technology, the entities incorporated in the platform will be as below :
1. Measurable Data SDK
Open source and free SDKs offered by the MDT ecosystem for data providers or developers to use. The SDK includes a wallet address that users can use to manage their gift revenues from the MDT ecosystem.
2. Data Provider
Entities capable of collecting user data, and utilizing the MDT ecosystem to exchange data and rewards for users.
End users who choose the MDT ecosystem and share their unrecognized anonymous data and will receive revenue from the MDT Ecosystem.
4. Data buyer
Entities that purchase data usage rights during an exchange. This could mean accessing the database or buying large data reports offered by the data provider. Buying data in the current MDT ecosystem requires no ownership of purchase data.
5. Measurable Data Point
Each data point is called in a transaction, with a verifiable economic value in the MDT ecosystem.
6. Measurable Platform
Decentralized data exchange platform where all transactions are based on Smart Contract technology. Initially, the scalable platform will be managed by the MDT foundation and will charge the calculation fee of each transaction, however, over time, it will be purely based on Smart Contract technology.
Benefits of the Measurable Data Tokens (MDT) Ecosystem
With the latest technology, it will certainly offer some difference from traditional technology. The benefits are :
1. Integration of MDT in Open Messenger
Email is an open and universally used communication protocol. Open Messenger is a messenger application built on an open email protocol, which makes it a natural fit to adopt a decentralized solution. As an important element of both MDT ecosystems, Open Messenger is soon launched on iOS and Android first.
2. MDT User Growth Pool
Open Messenger will continue to develop features related to cryptocurrency to encourage users to join this new economy. Later MDT will enable the signature feature as an advertising banner which can be used as an alternative user to get MDT Token. Users can also send “VIP Mail” to spend the MDT they generate.
Another feature like this is in the pipeline, with the aim of engaging new users to the ecosystem at a low cost. The goal is also to enable users to earn MDT currency by providing value to ecosystems and communities through an exchange of data, trade and service creation.
3. Advertise with Email Signature
Users are allowed to decide whether they want to participate in the Signature Campaign or not. If they opt in, they must choose the specific ad categories they want willing to include in their signature. For example, they may choose to include only “fashion” fashion advertisements or exclude all “e-commerce” ads.
Advertisers will pay per activation for all participating users. Open Messenger Platform will also charge a% fee to maintain this feature.
4. MDT Wallet
MDT implements Ethereum blockchain as an ERC20 token, which is a common standard for issuing digital assets. Later the platform will have a private wallet to store the MDT token because the wallet is the most crucial part. The first MDT wallet will be built in the Open Messenger app. The platform is also open to a more user-friendly onboarding tutorial for cryptocurrency beginners.
5. VIP Mail
VIP Mail is an innovative function of Open Massager that facilitates efficient communication between major consumers and celebrities. This allows users to connect with professional celebrities or influencers that are usually difficult to reach while protecting recipients from spam. That is, all users can interact with influencers like celebrities or artists to exchange information.
6. MDT Foundation (MDT Foundation)
The MDT Foundation aims to be an independent and democratic governing body to create an open and decentralized ecosystem. The main function of the MDT Foundation is to support ecosystem partners and provide the necessary technology to ensure the platform evolves on an ongoing basis. To fulfill the mission, the foundation is responsible for:
– Supervise and support decisions related to ecosystem partners
– Support research on new ways to improve technology and governance in the ecosystem
– Fund and help develop open source codes for sustainable ecosystems
MDT team：40% of budget The team will focus on the research and development of the MDT ecosystem, Measurable Platform, Open Messenger, and the maintenance of an open-source community.
– Computation：20% of budget Computation consists of the Measurable Platform, Open Messenger servers, and other associated computation for the MDT ecosystem.
– Administration：10% of budget This will cover legal, security, accounting, human resources and other associated administrative expenses.
– Marketing：25% of budget Marketing will focus on expanding adoption of the Open Messenger and the MDT data exchange ecosystem among data providers, data buyers, and users. This also covers the growth of the ecosystem community.
– Contingency：5% of budget This is a set-aside for unforeseen expenses.
MDT Token Sale
The platform will sell as many as 500,000,000 MDT from 1 billion MDT for sale to the public. Of the total, the maximum achievement that can be achieved is 84000 ETH. While the minimum target for the project can run is 25000 ETH. The normal price when Token Sale is 1 ETH = 5000 MDT, but early investors will get a special price. In the Pre-Sale event, MDT token is sold at a rate of 1 ETH = 7500 MDT, while for Early Bird the price is for 1 ETH = 6250 MDT. The token sale period will last for 30 days.
- Heatherm Huang HK PolyU M.Des. (Interaction Design) CEO,Co-founder MailTime. Founding Team of Talkbox. Co-founded Jiong Daily Podcast
- Gary Lau HKUST B.Sc. (CS) Co-founder MailTime. Founding Team of Talkbox.
- Charlie Sheng BISU B.A (Eng) CUHK M.A (LIN) CMO MaiTime. Writer TechNode/TechCrunch CN
- Maggie Deng State University of New York at Buffalo M.Econ CCO of MDT. Former Chief Editor at JPM Blockchain
- Chen Xu HKBU B.Sc. (CS) HKBU M.Sc. (ITM) Lead engineer MailTime. Founding Team of Talkbox.
- Rept Lo Sun Yat-sen B.Sc (CS) CUHK M.Sc (CS) Lead engineer MailTime. Founding Team of Talkbox.
- Aoni Wang Peking U B.A (Advertising) CMU M.A (Art Mgmt) Designer MailTime & Measurable A
- Carson Ip CUHK B.Sc (CS) KTH Royal Institute of Technology(CS) Backend engineer MailTime
To know the latest information about MDT project you can visit the link below:
Website : http://measurable.net
WhitePaper : http://measurable.net/docs/whitepaper.pdf
ANN Thread Bitcointalk : https://bitcointalk.org/index.php?topic=2291186.0
Telegram : https://t.me/measurabledata
WeChat : https://measurable.net/
Twitter : https://twitter.com/MeasurableData
Facebook : https://www.facebook.com/measurabledata/
Github : https://github.com/measurabledatatoken
ETH : 0xF4919c366c3ad386f0A5Abe322d6cDe0238CeB28