Tapmydata: Issue user data on Blockchain !!!

6 min readDec 20, 2020

In the era of the 4.0 Technology Revolution, Blockchain is one of the breakthrough technologies, having a great impact on many areas of life. Thanks to complex algorithms, high security capabilities, it is possible to disable editing interference to data, creating transparency for users, so blockchain is expected to continue to create many applications. of which there is application in the security of the Internet of Things system.

What is blockchain?

Blockchain is a combination of 02 words block (block) and chain (chain link). Therefore, blockchain can be understood simply as blocks of data linked together. Data stored in information blocks are linked together by cryptographic constraints and are scalable over time.

Inside each information block containing the time generated and closely linked to the previously generated block, attach a piece of time code and transaction data. Information stored in the blockchain exists as a continuously encrypted and shared database. A special feature of Blockchain is that it is designed to prevent data changes.

Invented and developed in 2008, blockchain acts as a ledger of all transactions, agreements, contracts, and any other data that we need to independently or accurately record. justify its existence.

A blockchain’s key difference from a regular ledger is that it doesn’t exist in a specific location. It is distributed across many computers around the world using a technology that allows groups of digital records to be grouped into blocks and chains thanks to complex algorithms and participatory encryption and recording of multiple machines. in the network. Blockchain is a form of absolute transparent storage when all participating members have full access to information.

And of course in this article we will see that blockchain technology is going to all areas of life, you will completely agree with me on the issue of data usage that is currently being a lot of attention. Many big companies, and many starups, are using it as the target to grow. But it is not easy here and we need specific solutions to this problem, and the prominent name is tapmydata.

Infomation

As far as information I have learned about Tapmydata, I am really impressed by this project, because it is a new breed of CRM to help companies build a positive privacy dialogue with their customers. Tap gives companies the ability to fulfil Subject Access Requests fast, securely and at volume through a dedicated channel built to Privacy by Design principles. Being seen to do the right thing beyond compliance is now a competitive advantage for businesses, and our benchmarking data provides a strong signal of their commitment to privacy best practice and ethics.

And for TAP, the users that this project wants to target are individuals and organizations. I will analyze in detail the content of this section so you can see the TAP activities.

For You:

Own your data: Get the Tapmydata app and discover what personal data organisations hold about you.
Hold & access your data: Tap provides secure storage and instant access to a master record of your personal data.
Earn crypto from your data: Earn TAP by requesting your data, Mint NFT data licenses and join data pools to earn crypto from your data.

For Organisations And companies:

Data Dialogue: Companies struggle to exchange personal info and credentials in any context — breaking the customer experience. Tapmydata offer a channel for communication to flow around a need to share data, consisting of an app for people to exercise their rights, a secure wallet, and a web portal for businesses to manage requests and share data.

Data unlocked: Let’s take the example of data rights: most organisations take a traditional, compliance-focused approach to this challenge involving details buried in privacy policies, web forms, email exchanges and letters via ‘snail mail’. Gartner estimates each request processed in this way cost $1,400, and the volumes are rising steadily.

Solution:

Push a ‘case’ to a customer; rights request, client onboarding, location safeguarding check-in
Customised auto-responses give individuals a threshold level of information on data you hold direct to their ‘phone, without compromising security
Replace email exchanges with secure chat, AI-driven responses outside office hours
Built-in identity verification assurance
Statement of record to the blockchain with full audit trail

Identity Defined: One of the challenges in sharing data is establishing individuals’ identity. This is a requirement of GDPR and CCPA, but the proof demanded by organisations is often inappropriate for the task and can significantly raise their own level of risk. For use cases like data rights, location check-in and volunteer onboarding, we offer our own, light-touch ID verification and biometric technology to create a unique set of credentials where a full KYC solution is not appropriate.

Technology:

Easy to use — ‘consumer grade’ technology
Total security with end-to-end encryption
Privacy by Design from inception
Open API & Third-party integrations with leading CRM platforms

Token Details

Ticker: TAP

Total supply: 100,000,000

Token Distribution

Private sale — 10%
Public Sale — 15%
Team — 15%
Shareholders — 15%
Advisors — 15%
Reserve — 34%

Tapmydata is building a personal decentralised data protocol to break this cycle. Users can each control their own digital identity, mint NFT’s of verified consent and license these to companies who need to rebuild trust.

Roadmap

H2 2018
Pre-launch identity & mission creation
Design of network components
Creation of stellar token

H1 2019
Activate team & advisors
Launch Tapmydata MVP mobile app (Apple & Android)
Launch website and awareness-building

H2 2019
Full release of App & secure admin portal
Focus on education, UX & user growth
Angel fundraising round

H1 2020
5 app updates released based on user input
Portal enhancements & full API
Partnerships with Outlier Ventures, DataSwift, Espyder

H2 2020
First paid trials and commercial sales
ID verification functionality launched
Auto breach notification for mobile app

H1 2021
Launch Tapmydata for the web, browser plugins
Migration to ethereum network
Partnerships with decentralised data marketplaces Streamr, Ocean

H2 2021
Build NFT minting capabilities
Enhanced verification and KYC for crypto
Integrate public data sources

Teams

Conclude

Personally, I think this is an appropriate time for the project to appear more popular in the market. TAP is showing that they are working stable and good for everything, I am quite waiting for the next time when they can implement their plan. Hope the article helps you get more information about this project and for more information about TAP, you can follow the media links below.