Your data is the digital avatar of yourself. Personal data wallets help individuals store and manage personal data, such as identity information, education background, spending history, financial records, social media behaviors and much more. With appropriate management and authorization, your data could help you get better services and even make profits.
Defi makes sure your data is secure and owned only by you. By using advanced technology, we make sure your data is stored in your device and could only be requested and used under your authorization. Data transmission and processing processes are encrypted and take place in a trusted execution environment. This prevents any third party entity from hacking your data or compromising your privacy.
Defi is the pioneer in exploring the use cases of personal data wallet. We are launching the first two apps to help you manage your data, get better financial service and token rewards.
Coinsta
Coinsta is a one stop portal to better manage all your digital assets, including cryptocurrencies, news and personal data. Coinsta is envisioned to become the next generation digital wallet. Besides allowing users to hold their cryptocurrencies, Coinsta provides BTC wealth management products, which are backed by low-risk arbitrage quant trading algorithms managed by professional teams.
Coinsta also offers personalized aggregated news feed for crypto investors to read the latest stories from the cryptocurrencies, regulatory news, or blockchain startups that you want to follow.
Last but not the least, Coinsta allows users to make better use of their data. Users are encouraged to contribute their personal data within Coinsta’s digital identity management interface in exchange for credits in Defi tokens, as Coinsta is powered by Defi Protocol.
CreditMe
CreditMe is your one stop shop to get the loan and other financial services best suited to your needs, based on your own data. By rendering your identity, education, work information, together with other integrated data, CreditMe compiles a unique credit profile, which is accepted by different financial institutions. The more data you contribute, the more accurate your credit profile is. The more accurate your credit profile is, the more likely will the financial institutions be to approve your loan or credit card, or even provide a better interest rate. Decentralized data protocol assures data privacy and security where users own their data and control access. This addresses the concern for data leak.
Furthermore, if the individual also authorize his/her spending data, social media data and other relevant data, a more comprehensive user profile will be generated through CreditMe algorithm and models. CreditMe can recommend financial products according to your interest and behavior history. For example, if your data shows you are enthusiastic about electronic devices, when the new generation iPhone comes out, CreditMe can recommend the most suitable loan for you.
We will update the latest progress of the project regularly in the future. If you have any questions or suggestions, please feel free to contact us!
Website: https://www.defilab.com/
White Paper: https://www.defilab.com/white-paper.pdf
Telegram Group: https://t.me/DefiDFT
Telegram Channel: https://t.me/defilab
Twitter: @DefiLab
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