Blockchain is presenting us with almost everything now. We are equally grateful for the same. The most important thing that it got us is the Internet of Value. The Internet of value world is definitely one of the most outshining and emerging platforms that aims at bringing up a brand new world that will make data transaction easier for consumers as well as businesses. This goal is achieved by YourBlock as it looks ahead to be at the front when the talk is about the digital revolution.
Introduction
Isn’t the whole thought astounding? Here is the plan. YourBlock, at first, looks up to the blockchain. The blockchain is totally ready for what it has to do. It goes for creating a cabinet for digital filling of data.
The cabinet will be fully blockchain based and will give the privilege to the users to store their data, control, and especially manage their data. YourBlock looks forward to combining a lot of important factors that are security, scalability, privacy, and integrity. Also, the added facility is the advantage for the customers to proceed safely with their interactions with other third parties. The customers can easily take up sources, take care of paperwork, make communications, and record them too.
The Problem
Sometimes, it happens so that private individuals’ forward data to many organizations. The data comes as a result of information requests, buying services, home services and so on. Nowadays, organizations have the opt-in facility that provides them options to receive these marketing services from the third parties and other firms. It is totally the decision of the individual to either opt-in or opt-out of the services. If they don’t opt-out, they will end up receiving data from them in some form (email, SMS, phone calls, etc) from the different business organizations looking to make their sales.
The Solution from YourBlock
YourBlock aims to provide effective, secure, and safe service to the people. This will include a platform in which they can fill up all their personal data without having to worry about anything else. This way, the data is kept completely secure and never leaves the Blockchain. Also, this will ensure that the transactions are made within the digital cabinet of the users. This will spare any third party involvement in the process. In case the third party needs any data access of the consumer, they will have to request access permission from the customer’s data cabinet.
Features
Privacy:
An existing user or even a new user will never have to worry about their data loss or inefficiency. Privacy is one of the sectors is assured by blockchain.
The Tokens:
The YKB Tokens are basically used up for putting up discounts and services. Also, there are rewards for the same.
Business Friendly:
The service coming from YourBlock offers a secure platform to conduct their price structure and other involvement related to the business in the project.
Smart Contracts:
The Blockchain takes care of the smart contracts that take place between the consumers and the various service providers.
Benefits
- Customers can use smart contracts for all kinds of issues like for making modification, claims, cancellation, and so on.
- There are high chances that the data are always safe.
- Transparency is ensured for the services and policies.
- The users can easily claim more deals. However, this totally depends on the number of people visiting the platform. The deals can be easily acquired by using different products and services.
- Savings on financial services.
- The benefits of service providers
- There is a lot of improvement observed in the data quality of the customers.
- There are fewer chances of fraud as the smart contracts ensure wiping off everything that is anywhere close to fraud.
- The cost savings and further improved services for better customer services sure spread its magic.
The interesting concept of YourBlock
As mentioned earlier, the YourBlock platform uses YKB Tokens. There is another side of the story too. The YKB Tokens will be provided to the consumers as rewards in two stages. The platform that will be used is — Dave and You Platform.
As soon as the customer put up their data, they are rewarded with YKB Tokens.
The customer takes the form and fills up all the necessary details that are required to receive a health insurance. They also have to make sure to fill up the details related to KYC. They will be rewarded with YKB Tokens.
If the customer buys a service making use of Dave and You platform, they will be given YBK Tokens. The customer buys the insurance using the Dave and You platform. The dealer pays Dave and You the commission that they have to hand up to the lead. Further, Dave and You gives the YBK token as commission to the consumers. Also, to avail more discounts, consumers can spend YBK Tokens in the Dave and You platform only. The consumer further spends the YBK Tokens to get discount on their health insurance.
The Token Sale
The total supply of tokens in the token sale was accounted for 200 Million YBK Tokens. However, 30% of the tokens were sold off to the public who were a part of the token sale program.
The value will hold YBK tokens at 0.50 Euros. The hard cap of the token sale is 30 Million Euros whereas the soft cap for the same is designated at 5 million Euros. The pre-sale is right now going on and will wrap up by 15th January 2018. The main sale will start from the same day i.e. 15th January 2018 and will continue until 26th February 2018.
The Final Verdict
There are lots of reasons to pick from if you want to invest in YourBlock. The benefits are equal for both i.e. the consumers and the service providers. The list is quite long and a few of them are already mentioned above. Well, this brings out to you all the possibilities to look forward with YourBlock because you would always want your money to count and this is exactly where it does.
Website: https://yourblock.io/
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1134117
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