OPIRIA & PDATA: secure trading of personal data

I love Google and believe me when I say this, I have not seen anything or any product better than Google. The fact that they can provide quick and accurate result for everything amuses me. Initially, in my school days, I used to wonder how they manage to do that. Interestingly, I used to think that there was someone sitting in Google's office and he is the one who is giving answers to all the questions. But, later I found out that it was all machine work and no human is involved in that.

When I reached high school, I started to some research on how Google manages to provide so accurate results (while doing Google search). I was surprised by the answer I was looking for. Google actually stores our past information and then used to recommend the best possible result to each user. So, I decided to find out more about that. I discovered that it was not only Google, but all the major social networking companies store our information like our activity, our daily behavior, our choices and many more. And with the advancement of technologies like IOT, the amount of information which can be gathered about any individual have increased a lot.

This made me realize that this was a clear violation of privacy. I mean anyone can know about when I sleep, what is my daily routine, which thing I like and many more. This is when I decided to find out about any service which he could get more control over my information (as it is not that I will stop using the internet). That's when I found out about Opiria. Opiria gives customer better control over their information with a chance to earn few extra bucks from sharing that information with other companies. So, I went on to find more about how the company works.

Opiria and PDATA platform

Opiria aims at developing a platform which will allow individuals and companies to trade personal information. This platform will be based on blockchain technology to ensure the security associated with the personal data. The companies who wish to purchase the information will have to use PDATA's token. The platform also gives freedom to users to decide which company will get their information.

The market is not completely new to the users. There are various other companies who are also trying to work on the same idea via the use of blockchain technology. Opiria also aims at removing the middleman in these markets which tend to dominate and increase the cost of the information. This will lead to more clarity and better security as both the sides will be aware of the risk associated.

Opiria has already released Android, iOS and web application for the same. You can use them to earn quick money anytime by taking the surveys. The company will incorporate PDATA token and will launch the platform in Q1 2019.

ICO and Team

PDATA uses ERC20 token which is created on Ethereum blockchain. The company has released 750 million tokens for sale. The company started its pre-ICO sale from 1st November 2017 and will continue till the start of ICO sale. The main ICO sale will start from 21st April 2018- 21st May 2018. You can use Bitcoin, Ether, XRP to purchase PDATA token. One of the thing which irritated me a lot was the lack of relevant information on their official website. The website does not look nice and has to dig around a lot to find the relevant details.

Conclusion

Opiria has been doing great in terms of tokens sold and amount raised. The company itself aims at acquiring more than 50 million customers by the end of 2021 (that is a long way from now). One of the thing that goes in favor of Opiria is their idea. It has attracted lots of customers just on the basis of that. Another thing which works in the favor of this company is that they do not have to struggle that much to encourage people in this sector thanks to pre-existing business. But will have to convince them to shift to their technology (that could be a concern).

But, Opiria will pay its users with its internal cryptocurrency which could drive away the investors that are not a big fan of cryptocurrencies. Also, they will have to face serious competition from the social media giants who also rely on the sale of the user's data. Personally, I don't think that Opiria could take on companies like Google or Linkedin or even Facebook. Another fact which haunts me is that platform which will use this currency (PDATA token) will not be released until one year after the ICO.

If you ask for my suggestion, I would advise you to look for other opportunities which do not involve people's personal data (especially after what happened with Facebook). So, think twice before investing in this company.

You can remain updated to latest news related to Opiria and PDATA via-

Website - https://opiria.io/

Whitepaper - https://opiria.io/static/docs/Opiria-PDATA-Whitepaper.pdf

Ann - https://bitcointalk.org/index.php?topic=3076122.new#new

Telegram - https://t.me/PDATAtoken

Published by - wilsonbyrne

Profile - https://bitcointalk.org/index.php?action=profile;u=1936048