YourBlock -Blockchain based comparison and incentivised personal data storage platform
A Blockchain based Digital Filing Cabinet, which enables the consumer to securely store, control and manage their data. YourBlock combines the security, privacy and scalability of private storage with the data integrity, immutability, and accountability of the public Ethereum Blockchain, YourBlock will hold provider’s pricings for their products and services. Consumers can request quotes without their data leaving the platform. Consumers will be rewarded with discounted products and services, and then be rewarded with YBK Tokens for using the platform.
THE PROBLEM
Private individuals pass on data to many organisations every year, when completing online information requests, or purchasing products and services such as car, home and pet insurance, utilities, TV and broadband packages, mobile phones, loans, mortgages, and many more.
THE SOLUTION AND OPPORTUNITY
The solution is to provide the consumer with a safe and secure platform onto which they can enter all of their (and their family’s) personal data, including PDFs (for example, of utility bills), images and emails. Subsequently, to furnish the consumer with the ability to view quotes for products and services without their data leaving the Blockchain. Transacting all business within the consumer’s
own digital fi ling cabinet. No third party would ever hold any of the consumers personal data.
CONCEPT
YourBlock is aiming to be the fi rst Blockchain based comparison and incentivised Personal Data storage platform. A Blockchain digital fi ling cabinet, designed from the ground up to address the
need of consumers to have somewhere safe and secure to store their data, data that they use on a daily basis to manage their dayto-day
own digital fi ling cabinet. No third party would ever hold any of the consumers personal data.
CONCEPT
YourBlock is aiming to be the fi rst Blockchain based comparison and incentivised Personal Data storage platform. A Blockchain digital fi ling cabinet, designed from the ground up to address the
need of consumers to have somewhere safe and secure to store their data, data that they use on a daily basis to manage their dayto-day
WHAT MAKES IT DIFFERENT
With organisations worldwide at risk, as demonstrated in the 13Equifax data breach where 143 million US citizens and 400,000 UK citizens had their sensitive and personal data hacked.
The YourBlock platform will offer several benefits to both consumers and service providers.
Consumer benefits:
- Financial savings by sharing commission/origination fees earned by YourBlock, through simple price comparisons and alerts, and through smart tracking of spend on services
- Time savings and convenience by only having to maintain and share a single Blockchain digital filing cabinet, and by using smart contracts for simplifi ed claims, modifi cations, cancellations and renewal processes
- Higher data privacy by controlling who and when service providers get access. Limiting access to only the data absolutely necessary to off er the service
- Greater transparency on comparable services and on policy/contract terms
- The more users on the platform the greater the chance to get better deals with the service providers for their products and services
- Improved consumer data quality, kept up to date post onboarding
- Automated compliance with the EU’s new complex GDPR (General Data Protection Regulation) data privacy regulations
- Cost savings and improved customer experience enabled by the automation of onboarding and claims, modifi cations, cancellations and renewals of policies/contracts.
- Reduced insurance fraud through the use of automated smart contracts
There are several additional benefi ts to related parties in each industry. For example, in the Insurance space, the following parties will also greatly benefi t from YourBlock: re-insurers; industry watchdogs; brokers; regulators and law enforcers.
HOW IT WORKS
YourBlock is a private eco-system, anchored to the traditional Ethereum Blockchain, using smart-contracts to allow for the secure storage of personal data.
Smart-contracts and the nature of the Blockchain technology will also allow Service Providers to upload information of available services. Both parties will meet on the eco-system, to manage their policies (the consumer) or to provide quotes (the service provider).
YBK TOKEN SALE TERMS
Smart-contracts and the nature of the Blockchain technology will also allow Service Providers to upload information of available services. Both parties will meet on the eco-system, to manage their policies (the consumer) or to provide quotes (the service provider).
YBK TOKEN SALE TERMS
YourBlock aims to raise €30 million Euros from the Token Sale. A maximum of €10 million will be taken in the Pre Sale (although the number of tokens to be issued is variable, depending upon the
discount level). Those participating in the Pre Sale will be subject to lock in periods, subject to the amount they purchase. Given Pre Sale discounts, it is likely that more than 60 million YBK
tokens will be required for the total YourBlock token sale. Where more tokens are required they will be taken from the Incentive and Reward pool
TOKEN SALE TERMS
YBK Supply
- Total token supply = 200 Million (200,000,000) YBK tokens
- 30% of YBK tokens sold to public in the token sale.
- YBK Value = €0.50
- Hard Cap = €30 Million
- Soft Cap = €5 Million
- Pre sale start date: December 18th 2017 at 12:00 midday – €10 Million
- Discount on Pre Sale YBK tokens up to 40% – Lock in periods will apply
- Pre sale end date: March 12th 2018 at 11:00 am
- Main sale start date: March 12th 2018 at 12:00 midday
- Main sale end date: April 23rd 2018 at 12:00 midday
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