nice project such earning some data but how its works for this?thanks and ill keep my eye open to this
Wouldn`t it be great if all your personal data which is collected by others already, will be under your control?
Gadgets like Alexa, Siri, your car, navigation systems, your entire e-mail conversations, conversations made with phones or other recorded conversations, TV, PC, Tablet, video data from your house alarm system etc. all of this data would be collected, organized [&] deployed under your control in order to give you an extra income.
Life would be much easier for you, because you do not have to search for products or services – you will get quotes – exactly fitting to your needs [&] wishes.
You don´t have to waste energy for searching a fitting product, you don`t have to look after the receipt for the guarantee, you won´t have to search for a manual, you will directly find all services related to your order – all data concerning your interests, all your wishes, and your needs in the IDTX. The IDTX manages all relevant data concerning products and services as well.
So - what would be in it for consumers? 4 examples
First example:Lead income for insurance relevant data e.g. property, liability, health, live and car insurance might be between 1,000 – 5,000 USD
The income for the personal data will depend on a lot of different factors – main factor will be:
How interesting is your personal data profile for a company / vendor? If you spend 30 k p.a. for needs and wishes you will probably have a three times higher revenue than somebody who spends just 10 k p.a.
All the devices in our live do record our conversations anyway – IOT will speed up this process. Sooloox wants to make all this data available for you too.
How will this work?
The Interest Dimension [&] Transaction box is a massive tool. It combines existing data base technology with blockchain technology – here Ethereum blockchain. The IDTX contains and transacts all relevant data of products, services, needs, wishes, transactions etc. The IDTX is a multidimensional tool itself.
We think, nowadays we centralize the wrong data - personal data.
Furthermore, these data are getting executed by the wrong market players - monopolies.
And.
We decentralize disposal data in thousands of different databases – most of them uncertain or invalid – address data.
We think it could be much more effective to have a central world-wide address data base with free access for all. The record won´t include names of the inhabitants – but including the geographic data and a qualification if it is a company/personal/institution/mixed data record. With the help of the crowd combined with revenue to each crowd participant we will build the most valid address data base in the world.
We think it is much more efficient to have the opportunity to choose an address-street-data-record than individually typing it. Incorrect data records will decrease with positive impact: more comfort and less costs.
Vendors will “love to” pay a small transaction fee to the authors for each use because it will decrease their costs for postage [&] delivery. It´s a win win situation.
Some shops and apps offer you this service to choose a street-name, city name, country, postcode etc. already, but it is rarely common because it is expensive to get connection to proper databases and it is only available in some cities / countries – data records rarely can be bought on demand. With Sooloox all users can be part of the decentral – central database of worldwide addresses – including revenue –
second example of income opportunities for consumers. The income will increase if consumers connect their name with the address data record.
Why don´t we get a manual for an alarm-clock in proper e.g. German or Spanish though the product was made in China?
Mostly it´s too pricy for producers of mass articles getting their product manuals translated properly. Alternatively, users can search the internet for a manual. Some videos are good - mostly it´s quite a waste of time crawling through all the video sequences or you even do not find any fitting video.
By use of the IDTX, Sooloox offers the opportunity to all users helping to build up e.g. an ideal manual for any product. We call these users “authors”. Authors and co-authors will get an incentive from each transaction related to this IDTX. With Sooloox all users can take part in the community of “authors”. Sooloox uses the potential of the crowd like Wikipedia but at Sooloox each individual of the crowd who has been an active part defining a product by data processing to an IDTX will get revenue for this activity. At the start of Sooloox platform we will come along with a bunch of product IDTX data but there are millions of products in the world, so there will be a great chance for all users to get revenue of being a part of our product (co)-author community. We expect to have multi authors for each product/service which is described and determined in an IDTX -
third example of possible income for consumers.
Product descriptions, determinations, recommendations etc. will be evaluated by other users of Sooloox community – we call them nodes –
fourth example of possible income for consumers.
There is lot of scope for paying consumers, authors [&] nodes because vendors will save two massive cost-blocks in their calculation by using IDTX – costs for advertising [&] costs for middleman – which might be up to 90% of the original price.
