The Role of Data in Business

Data is playing an important role in our day to day lives; today each business needs data for development. The demand for its product in market depends on the reliable data which the business owns. The number of customers for the product or service also depends upon data. Despite the stage of the business consumers attraction will depend on data. Businesses these days have to put loads of efforts to gain large number of consumers for their survival in the community or make large purchases. Therefore business tends to hire more marketers to promote their service and bring it to their customers.

For this the business owners have to spend a lot to do their market researches and to get along with new advertising platforms. This really involves a risk to business because there is no any guarantee that the business will gain more sales. For an entrepreneur it is very important to know his interests and personal data to gain more attraction to his business in much more effective and profitable ways. This information’s will only be available to the person himself or from a similar business which he has already made his purchases. It may result in selling such data in extravagant price by intermediaries without giving any guarantee and reliability. Social networks have achieved rapid growth collecting such data easily and by selling them further to large and medium sized firms. We do not notice until third parties make billions and trillions of profit just by monetizing our data. We can avoid happening this in our near future. But Data blokchain is not just a solution for the end users. Its an database aggregator which is allows you to win big suppliers and earn more profit. What are 3 models of interaction with partners?· First model do not store databases in the blockcuster Datablockchain. io but they are indexed by the SIE (The Smart Indexing Engine) using the API. Originally, they are available to all users. The revenues are made resulting from the usage of this data and distributed proportionally (20 to 80%)· Third model the data will be placed by the partners in the blockbuster of the platform and the income is distributed in a ratio of 50: 50.

A different partner model exists with existing Appsbar. com service with coverage of more than two million small and medium sized businesses worldwide. Appsbar. com technologies are quite similar to Datablockchain. io, the easy integration of both companies has allowed to step into a new level of integration and to a new platform Datablockchain. io. This helps to provide current updated databases for its users. Smart Indexing Engine (SIE)The SIE connects to databases which is using nifty blockchain oracles known as DBCOracles (based on Chainlink/ Oracle). The SIE customs prognostic analytics to produce a accurate ratings. The AI in SIE enumerates apiece of the separate morals to shape a developing measureable scrutiny. Through test human population validation, a qualitative element is constructed to accompany the quantitative evaluation. The SIE regularly operates overall performance evaluations and uses past efficiency modifiers to find out and modify the rating. Evaluation metrics include relevance, timeliness, age, quantity, quality, consistency with other possible sources, and importance for a given population or regional standards. Data sources that are rated higher receive priority over the display. SIE in their studies also use artificial intelligence. AI allows you to build matrices for a clearer and more complete analysis. EIS has open source code and can be modified to meet the unique requirements of a particular companyBlockchain and integrationDatablockchain. io uses the Ethereum block system and smart contracts for all transactions and payments within the platform.

These two technologies ensure total transparency and the security of all operations. In addition, the block is necessary for the total protection of the databases themselves. If for databases that are not on the platform, Datablockchain. io can’t be held responsible, then the data being on the platform and protected by multi-layer blocking cryptography, the platform can guarantee 100%!We all know that transactions within Ethereum are not only recorded, but are also monitored in real time. In a way, they can not be deceived. That's why this system is safe and sustainable. Datablockchain. io will also provide a set of clean, intuitive and easy-to-use tools. All this is for even more convenience, both for customers and partners who want to make money on their databases. In the next article, we will continue our review of the Datablockchain. io ecosystem and get to know the project's wallet and token.