Privacy on the blockchain has been one of the major and outstanding features the 21st century innovation presents its users. Projects are consistently being built on the blockchain with privacy in mind and one of such Projects is Wibson.
Wibson is a decentralized data market place built on the blockchain to enable users promptly and without revealing their identity, trade valid Private information for accuracy.
In the economy presently, high monetary value has been placed on data consciously and unconsciously. But sadly, the owners of these data do not get to share in the financial dividends due them if only they were put into consideration. Only companies with the real or valid knowledge of technical protocols available on the internet, cleverly caption and take control of our personal information and even profit from it.
In line with data security, wibson presents the following to data owners;
Individual control and management of personal data is one of the benefits of having wibson built on the blockchain. It is decentralized and conveys full authority to client/ data owners and thus gives data monetization power to the individual. The wibson app boycuts all third party transactions and relates directly between data seller and buyer while in turn doesn’t store any of your personal data on wibson servers or hosts.
Furthermore, individuals data are also not stored the blockchain. With the use of smart contracts, data encryption takes place preventing data access to the stored data during auditing. What is rather made available for auditing is the encrypted hashes of data. Thus the individual is in full control of his data.
In the event of disputes or possible breach in contract between the buyers and sellers of data, the Wibson protocol affords the both parties a Notary. This Notary is a verification system for participants information, trustworthiness and data quality and can be and arbitrator should the need arise. Thus, the notary is quite aware of all the ambients of the deal from start to conclusion between the two parties and this will keep everything running smoothly. Lastly the Notary ensures that every member of the transaction stays committed to the deal as agreed.
Automated Payment Processor
The Wibson Protocol provides an irrevocable connection process of payment for and transfer of data where the the blockchain’s smart contract is clearly the executor. Thus first with the Notary installed to checkmate foul play in the area of data authenticity, the automated payment processor takes and effects the transaction without allowing room for a defaulting party. That way trust is built.
Assuming that there is need for halting the transaction possibly due to dispute in information, the Notary can interrupt a payment transaction.
Transparency and Control
There is nothing as interesting as having control over your property and determining the price at which you would be willing to part with such digital property. This is what Wibson brings to the table. So you have a clearly transparent market place where data buyers and sellers alike, conduct a deal based on their disposition – making a choice of what data to release and in relation to the price.
For further research, please refer to the whitepaper for further technical details
Also join the Wibson community
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Pornhub Add Tron-based USDT Tron as Payout Method.
Leading website for pornographic contents Pornhub has added the Tron based USDT stablecoin to its platform.
This addition is coming few months after PayPal abruptly stopped offering Pornhub its services thus restricting thousands of models all over the world from receiving payments.
Ever since then according to Pornhub, it has been hustling to start offering more options to make payments easier for its models.
On January 23rd, Pornhub announced its addition of stablecoin Tether to its platform as a payout option. Educating those who may not be familiar with cryptocurrency and stablecoin, Pornhub explain saying ” For those of you who may not know, USDT is a crypto currency that follows the US dollar, meaning one USDT token is equal to one US dollar. USDT transactions can be done globally within a few seconds and there are no fees.”
Tweeting on the addition, Founder of Tron Justin Sun commenting said, “This is a brilliant way to support the victims of centralized payment platforms like PayPal.”
Partnership agreement TRON and USDT
Early 2019, TRON which formerly was an ERC20 Token before migration to its mainnet and USDT partnered to issue a Tron based USDT stablecoin compliant to the TRC20 standard. According to TRON, the token will be interoperable in all TRON based products.
Pornhub has thus leveraged this partnership to ensure its models receive payouts through the TronLink wallet as soon as possible.
PayPal’s Abrupt Censorship
In the last quarter of 2019, PayPal abruptly out a stop to its support for the leading global adult entertainment website Pornhub. The decision came as a shock to the organization since there was no communication prior to the termination of support and models were expectant of their payouts.
This decision has put Pornhub on the toe to provide more options for its models to receive payouts.
Verge XVG Partnership
Tron based USDT isn’t the only cryptocurrency supported on Pornhub. In 2018, Pornhub partnered with XVG Verge to integrate the privacy focus cryptocurrency unto its Pornhub Add Tron-based USDT Tron as Payout Method.While the crypto community went agog with the news of adoption, models were not so enthusiastic because of the education level of using cryptocurrency.
Akon Finalizes Agreement to build Fully Functional Crypto City, Akon City
Senegalese/American national and global musician & businessman Akon has finalized the agreement to build Akon City. A city fully powered by the cryptocurrency, the Akoin.
The announcement which was made via the singer’s his social media account contained few words but has been a building story for several months.
Just finalized the agreement for AKON CITY in Senegal. Looking forward to hosting you there in the future pic.twitter.com/dsoYpmjnpf
— AKON (@Akon) January 13, 2020
Akoin according to the cryptocurrency website is “a new cryptocurrency from visionary changemaker Akon and is the foundation of the AKoin Ecosystem – a unique global project that offers an abundance of digital and in-real-life platforms and experiences that create opportunity and inclusion”.
The website went on saying “Akoin will provide a much-needed platform for individuals to gain access to educational materials, tools and resources to make their entrepreneurial visions a reality. This, in turn, will foster a more sustainable environment that encourages a focus on entrepreneurship over charity.”
Akon City named after the himself according to the Rapper will be built on a 2,000 acres of land provided by the President of Senegal and it will be a fully functional crypto-based city with Akoin as the transactional currency.
The “Lonely” singer has stated himself that the City will a short drive from the country’s capital, Dakar. It’s also going to have an airport.
The singer believes that the initiative will bring power back to the people and also security to the currency system. It will also allow people to in various ways to advance themselves and not rely on government’s intervention.
On the technicalities involved in the project, Akon who noted he would want to run for the Presidency, stated that he only comes up with the concepts and knows nothing about the technical aspects but he lets the geeks figure it out.
The project according to the rappers and business man said, it will be a 10-year building block and though the project has started, stage two will commence from 2025.
Italian Football Club Juventus Now Has Its own Crypto Token $JUV.
Italian football Club Juventus has partnered with sports focused blockchain firm Socios.com to launch a cryptocurrency token $JUV.
Socios.com is the world’s first blockchain-based fan voting and rewards platform. A tokenized voting platform that gives fans the power to crowd-manage their favorite sports teams.
The token which football fans can purchase via the Social’ App grants holders the right to vote on certain club decisions and earn rewards.
In sport focused token offering ‘Fan Token Offering FTO™, a significant number of the 20,000,000 total supply the JUV token is already available for sale to interested fans.
Giorgio Ricci, Chief Revenue Officer of Juventus speaking on the development said;
“We are proud to be the first Club to be activated by Socios.com on its platform, inaugurating a new way to interact with our fans around the world”.
The price of $JUV will fluctuate according to supply and demand once the marketplace feature is launched, and Fan Tokens can be traded by fans on exchanges.
Alexandre Dreyfus, the founder and CEO of Socios.com who also commented on the partnership between both organizations said;
“99.9% of sports fans are not in the city/country of the team they are supporting. We created these fungible fans tokens to allow fans to have an influence over some fan-based initiatives”.
$JUV is currently priced at around €2 (~$2.2) apiece. A limited number of these tokens are also available for free via Socios app’s Augmented Reality feature, Token Hunt.
According to Socios.com, it also has other clubs that are ready to join its platform and six are already lined up for tokenization by Q1 2020.
These include Paris Saint-Germain (PSG) and Atlético de Madrid (tokens for which will be launched in late January); West Ham United, Galatasaray and A.S. Roma (in February) and esports provider OG (in March), per the announcement.
The Socios app is available to download for Android and iOS users can apply for a beta version of the app.
Royal Bank of Canada is Exploring the Launch of a Cryptocurrency Trading Platform
Royal Bank of Canada is exploring the Launch of a cryptocurrency trading platform for investments, in-store and online purchases according to a report.
The platform would facilitate the purchase and sale of cryptocurrencies such as Bitcoin and Ethereum and also facilitate the transfer of funds in different types of cryptocurrencies.
It was learned the Bank would also allow customers to open bank accounts containing cryptocurrency.
This move will position the Royal Bank of Canada as the first Canadian bank to launch a cryptocurrency exchange or offer its customers crypto accounts.
The Bank had previously applied for four patents in Canada and The US showing how it will integrate cryptocurrencies into its operations.
The patent read “To individual users, managing cryptographic keys and transacting with different cryptographic assets can be a challenge. In some situations, cryptographic asset transactions may take time to be confirmed, and/or may not be compatible or supported by merchant systems or point-of-sale devices,”
The spokesperson for the Bank, Jean Francois Thibaultwas quoted saying;
“As part of the innovation and discovery process, RBC, like many other organizations, files patent applications to ensure proprietary ideas and concepts are protected,”
The bank has been partly using blockchain for payments between Canada and the US since 2017. The CEO of the Bank, Dave McKay had earlier talked about asset tokenization. According to him, “We’re experimenting with taking an asset and breaking it into smaller pieces and registering that in a decentralized register called blockchain. You can take an asset or even a company and create a unit on a decentralized blockchain and then sell that into the marketplace.”
The Royal Bank of Canada isn’t the only Financial Institution that has applied for crypto-related patent. Goldman Sachs had earlier in July received a crypto settlement system. The Bank of America over the years has published several patents relating to crypto. Payment giants such as Visa and MasterCard also have been in the crypto-patent league
According to the report, the Bank didn’t answer the question on whether it would launch a cryptocurrency trading platform and when, if it plans to.