Liberdy -The Data Trading Platform That Rewards Users

April 13, 2018

Liberdy -The Data Trading Platform That Rewards Users

Liberdy has created a new and fair digital advertising economy by developing a robust data trading platform that rewards users for the use of their personal information. Liberdy leverages the advantages of blockchain technology and GDPR regulation to empower users to manage their data rights. By reclaiming their data, users become equal partners in the online advertising ecosystem for the very first time.

GDPR – Data Protection Act

The European Union (EU), in an attempt to limit the power of the data monopolies, has enacted a new privacy bill. This bill is the key to our solution as it acknowledges that the user is the rightful owner of his or her data and that, starting from May 2018, companies must provide a copy of the data, free of charge, in an electronic format. This change is a dramatic shift towards data transparency and the empowerment of data subjects, which applies to all data collected by online companies. Liberdy is the perfect solution for GDPR compliance, since our new economy allows us to easily gain the user's consent for sharing their information with potential advertisers. As a result of the new regulation, data extraction is now easier than ever and our goal is to be the hub for all exported GDPR data.

GDPR requirements

The user is the rightful owner of his/ her data
The users must consent the use of their data
Data must be portable for extraction in an electronic forma

This is the perfect timing, as Liberdy leverage the advantages of Blockchain technology and the GDPR regulation to disrupt the digital advertising industry

How it works

LIB is a utility token, which advertisers use in order to buy audiences and user profiles. It is also used by data profilers who offer their services to advertisers. Last but not least, users earn money for sharing their data and can invest money and resources in verifying data and improving the ecosystem.

Liberdy has developed a decentralized Data Management Platform on the blockchain that segments, manages, protects and verifies data. Our solution seamlessly fits into the existing digital advertising ecosystem, addressing its needs for reliable data by ensuring transparency and accuracy.

Liberdy APP - an application that manages all user's interaction with Liberdy Data Platform. This application is responsible for extracting, verifying and uploading the user's personal data. The app also acts as a wallet that manages tokens, balance and rewards.
Liberdy Data Platform - is responsible for the interactions with the users and management of data import process. The data is segmented , taxonomy is created , and stored in the DMP . Advertisers buy segments from the DMP.
Demand - segmented data is sold to the relevant entities in the Adtech industry

Market Opportunity

In 2017, the size of the global digital ad spending market is expected to have reached 228 billion dollars, representing 19% growth over last year. In 2018, we anticipate a 16.5% growth to 266 billion dollars. The last 2 years have seen an incredible boom in data generation, with the creation of 90% of all available data, and this market is expected to grow 27% per year. Data is key to the success of any marketing operation. As a result, the digital advertising market is controlled by a limited number of companies. Experts show that virtually all of the growth in digital ad spending went to Google and Facebook, which already account for more than three-quarters of the market. Our data is Facebook and Google’s biggest asset. This data is what forces other media companies (basically Google and Facebook’s competitors) to work with them as it is almost impossible to get the same results online without these powerful insights, without our data

The LIB Utility Token Flow

The currency of the Liberdy ecosystem will be the LIB token. There will be a fixed (non-inflating) supply of 1,000m LIBs for these purposes. Our users earn 85% of the tokens received from advertisers that buy their segmented data.

In our platform users are compensated based on their level of engagement with Liberdy’s platform and community. There are two levels of engagement – Basic Users and Power Users:

Basic Users - are limited to sharing their data from Facebook, Google and Amazon withadvertisers on an ongoing basis. They get LIB when advertisers buy segments they are part of. As part of our sophisticated targeting capabilities, they are offered discounted product via advanced rebate and cash back modules.
Power Users – Power users understand the power of accurate and detailed data and therefore register for an automation service that will expedite their earning by adding additional devices and data from ALL GDPR supported sources. By opening this feature, Power Users increase their chances of being targeted as they offer more accurate and detailed information.

Advertisers buy segmented data from the Liberdy Platform. Every transaction is registered on the backchain and the money is automated transfered to the users in the associated segment via smart contracts. Advertiser can also launch Rebate and Cashback campaigns to the targeted audiences and offer tour users a special deal on their products.