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July 16, 2018, 06:55:10 AM |
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A fundamental part of the Siglo Protocol is the information that is collected from users across the ecosystem and how that is stored, used, or shared. Siglo will create an ecosystem and framework for user date based on six pillars:
Ownership (All information collected ALWAYS belongs 100% to the user)
Privacy (All information collected must be safely stored without risk of being compromised)
Right to Share (A user may has a right to share his or her information if they decide sufficient incentive to do so exists)
Monetization (If information is being monetized with a user’s permission, that value must go predominantly to the user who information was shared)
Transparency (To maintain the highest integrity, everything needs to be transparent: what was shared, when, with whom, and how much value was generated by the transaction)
Permissions. (Users must control with whom any of their information is shared and to what extent)
In order to support these pillars, we’ve built the Siglo Data Infrastructure (SDI) to support the monetization of users interactions with the different actors.
Although blockchain promises to be the technology that will reconstruct the Internet as we know it today there’s still no proven and efficient way to process large amounts of transactions. Because of this, Siglo’s infrastructure will be a hybrid one, utilizing the blockchain where it makes sense but using offchain servers to store most information, encrypted and linked using a hash pointer. This allows for the highest security and integrity of data, and a user has full control of his or her information.
Before the token generation event, Siglo will have an MVP of the infrastructure available that will provide a secure storage of personal, private data, and the storage of anonymized interaction data — which is monetizable by dApps, brands and third parties.
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