Could data transparency be a reality?

Profede
Profede
Published in
3 min readApr 19, 2018

In today’s online industry users not only don’t have total control over their data but they are not part of the monetization equation either. Users give and share their data away everyday to use free services from big companies such as Amazon, Google or Facebook. Data analytics firms get suspended all the time yet we continue to see big data breaches. Profede wants to turn this around by giving the power to the professionals with blockchain and offering the chance to earn tokens each time they approve of sharing their contact details and responding to an offer, so that they always feel fairly compensated for investing the time and effort to study proposals.

Profede wants to empower professionals so that data leaks and scandals such as those of Facebook recently can be prevented. The transaction of data sharing on Profede only occurs when one party solicits to contact for a certain amount of tokens that has been pre-set by users and the requested party accepts. Only once authorization through a response action has been made is there a release of data ensuring that the data is protected and that each transaction is transparent. Profede’s process ensures that information is accurate and comes from the official source, the data creator themselves rather than as is the case of many cases from another party and is often outdated data.

Today we are bombarded by contact requests and mails on various platforms that are making billions from owning our professional data such as CV’s, contact details, and more while the data creators receive nothing. Profede’s blockchain-based protocol was designed to help professional users gain back control, power, and privacy from the jeopardizing methods which currently exist. Professional users set a price that they are willing to accept for responding to those contact requests and mails and decide who they want to approve contact with, making users the main participant in the profit equation.

There is huge potential for Profede because it is a protocol capable of disrupting a global market, making the data transparency a reality for all apps using Profede’s protocol. Validated transactions are instantly committed to the ledger which can be accessed using the apps that have signed up with Profede. Profede will also be portable so you can access it from anywhere at anytime and easy to use. Data transparency is the future and disruption in the professional market needs to take place because users want and should be compensated for their data. There is no justification in others making money from the exchange of your data, it should be you who makes money from your own data so Profede is aiming to be the game changer to add the data creators to the profit equation.

Twelve million professional users will be adopting the protocol on the first day of it’s launch thanks to an agreement between Profede and social network beBee allowing for quick market entry. These twelve million users are just the first lot of rocket fuel for the company as more talks are underway for Profede to sign up more apps to use Profede’s protocol. Profede is also in partnership with Skyllz, so that the skills of users can also be validated online. Profede is ready for infinite apps to adopt the protocol for the many advantages that Profede offers for them.

Profede has already surpassed $2M in raised investment in the presale stages, with a target of $20M for the hard-cap. Profede offers an advanced and secure ICO turnkey solution for token purchase making it secure, transparent and simple. Profede’s cryptocurrency is based on Etherium ERC-20 and can be purchased through Profede.com where investors are allocated wallets.

It’s time for professional users, who are the real data creators, to rightfully make a profit from responding to offers, and to be added to the value chain. Data transparency is a reality in the future and so is adding users to the profit equation.

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