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“I sold my data for Crypto” Exploring the use of data in the Crypto World John Aslanis March 2019

“I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

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Page 1: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

“I sold my data for Crypto”

Exploring the use of data in the Crypto World

John Aslanis

March 2019

Page 2: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Blockchain vs Crypto

Page 3: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Blockchain vs Crypto

Page 4: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

The approach so far

Page 5: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 1: Sell your data for coins

Type of data to sell: Medical History, Bank transactions, Energy consumption, Location data

Datum: Sell your GPS location for DAT tokens (Market Cap: 1.29M)

Doc.ai: Sell your medical records for NRN tokens (delisted)

Wibson: Sell your Facebook data and your running routes for WIB(Market Cap: 1.22M)

Page 6: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 2: Share your data to buy Type of data shared with exchanges: Name, Address, Telephone, Passport, Photo, IBAN

Binance (China): 7.9 M Users Total 313k Daily Active Users 2187 USD transaction volume per user

Coinbase (USA): 25 M Users Total 422k Daily Active Users 189 USD transaction volume per user

Okex (Hong Kong): 105k Daily Active Users 1972 USD transaction volume per user

Huobi (Singapore): 101k Daily Active Users 1723 USD transaction volume per user

Page 7: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 3: Share your data to invest Type of data shared for Initial Coin Offerings (ICO): Name, Address, Telephone, Passport, Photo, IBAN

2015: 3 ICO raised 6M

2016: 29 ICO raised 90M

2017: 875 ICO raised 6.2B

2018: 1258 ICO raised 7.8B

2019: 99.5M so far

Source: icodata.io

Page 8: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 4:Steem

Steem is a social blockchain that grows communities and makes immediate revenue streams possible for users by rewarding them for sharing content. It’s currently the only blockchain that can power real applications via social apps like Steemit.

Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency. All of these websites read and write content to the Steemblockchain, which stores the content in an immutable blockchain ledger, and rewards users for their contributions with digital tokens called STEEM.

Page 9: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 4:Steem

Page 10: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Case 4:Steem

Steem: Token Price 0.46 USD Market Cap 143M Steem Dollars: Token Price 1.02 USD Market Cap 9M

Steemit: Launched in March 2016 Number of Users 2017: 171000Number of Users 2019: 1.2MValue distributed to Steem Users: 59MSource: Steemit & Steem

Page 11: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Blockchain & GDPR

1. Rights of EU Data Subjects

2. Security of Processing

3. Lawfulness and Consent

4. Accountability of Compliance

5. Data Protection by Design and by Default

Page 12: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Don'ts • Give you data to small & unknown Crypto Startups for

tokens 95% fail

• Register to small exchanges with low volume to buy the next

big thing most of them get hacked

• Trust your data to the next ICO Start Up you heard is going

to the moon 95% of them in 2017 & 2018 failed but have

your data

• Launch an ICO for your company without legal advice

Page 13: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Dos Register in well known Crypto Exchanges only

Invest in solid companies with proven track record

Get engaged in the new Blockchain Social Media now it is still

early

Enter the Blockchain Business and get legal advice from

experienced professionals

Page 14: “I sold my data for Crypto” · Steemit.com is one of the many websites (including Busy.org, DTube, and Utopian.io) that are powered by the Steem blockchain and STEEM cryptocurrency

Thank you

John Aslanis 2S PRO GROUP

95 Mortimer Street London United Kingdom www.2sprogroup.com

[email protected]: +306977581600