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We will now introduce Measurable Data Token (MDT), a crypto token for a decentralized data exchange ecosystem. MDT connects data providers, users, and data buyers, and denominates the data’s value when exchanged. MDT enables a more efficient, transparent and honest market for data trading.
The first component of this ecosystem is Open Messenger, a messenger solution based on the email protocol. Open Messenger connects users with a smooth communication experience. It will be the first service to adopt the MDT ecosystem and utilize it as a payment system to reward all parties involved.
Our vision is a Decentralized Data Value Exchange Economy for everyone in the digital world.
The era of trading data without user consent is over. The new ecosystem is decentralized, impartial, and mutually beneficial. To change this unfair and inefficient trading model, we need a new platform and unit of data exchange.
The first step towards fulfilling this vision is to introduce Measurable Data Token (MDT), a new token for data exchange.
Measurable Data Token (MDT) connects users, data providers, and data buyers and denominates the value of data. It compensates users for sharing anonymous data points while providing data buyers and providers with a more efficient trading model.
The MDT is a blockchain-based distributed computing platform with smart contracts securely stored in the Ethereum blockchain. It denominates the value of data in this new economy.