Measurable Data Token

Measurable Data Token (MDT) Cryptocurrency

MDT is a decentralized data sharing ecosystem token. Since almost everyone produces some kind of data these days, it's important to be able to control it. Measurable Data Token (MDT) provides this capability and, in addition, allows users to monetize their data. The main idea of ​​the service is to connect data providers with data buyers and evaluate the circulating data. MDT is an Ethereum token built on the Ethereum blockchain. As written in the white paper, the MDT token was created only as part of the ecosystem, and it should not confer any additional rights or have value outside the ecosystem. The only function of this token is to represent the data value.

Project history Measurable Data Token

Now people know that all companies collect user data. In most cases, users voluntarily allow this to happen, this is no secret. However, they typically have no idea how the collected data is used. The first use case that comes to mind is advertising, which has become less successful with the advent of ad blockers. In the current system, it seems that the only party that benefits from this process is the data collectors. Hence the idea that users can benefit from it too. Measurable Data Token brings together data providers, users and data collectors into a single system that benefits all parties involved equally.

The project was founded in 2017 by Hiterm Huang in Singapore. Since then, the team has grown significantly and is constantly looking for new talented employees.

The benefits of the MDT token

1. The value of data providers. This is one of the core values ​​of this platform. The whole idea was based on the fact that data providers remain on the sidelines and do not receive any benefits.
2. High transaction performance. Ethereum smart contracts make the process reliable and fast.
3. Buyers have the opportunity to verify the accuracy of the data. Buyers and data collectors have the right to seek arbitration if they have concerns about the data they want to purchase. All transactions are then postponed until the decision is published.
4. Decentralization and transparency. This is the feature that sets MDT apart from any other data exchange service.
5. Applications. MDT has several applications that make data exchange even easier.

Disadvantages of the MDT token

1. Complexity of implementation. Although the idea of ​​MDT sounds very nice, achieving mass adoption is not easy. The key problem is that people are used to sharing their data unconsciously and do not think about this process.
2. Not available in some countries. It may not be available in some countries due to local data policies. Therefore, before using, make sure that this can be done.