Traditionally, transactions such as these in finance require a trusted intermediary such as a bank to coordinate. Data Packs hold a reference to the type of dataset they are advertising and contains some metadata around it. We follow the Kanban methodology to manage the transition of items from inception to delivery. An NFMe ID is your virtual data avatar; so they ideally need to be interoperable with other digital metaverses so you can explore these virtual worlds and ecosystems and interact with more digital assets. This Data NFT can then be traded to a commercial enterprise or researcher who may be keen to access the core dataset. The primary token will exist on the Elrond blockchain. They are also considered to be a, Members who staked $ITHEUM to verify data/participate and Board Members get a majority share of each sale. As their data research requires absolute truth-fullness in the data quality (e.g. A more detailed explanation of Data Coalitions DAOs are provided in a below section, but within the context of the Data Metaverse - you can think of Data Coalition DAOs as enterprises or groups who are keen to trade bulk datasets on behalf of a large group of individual users. This sensitive data is encrypted using your own encryption keys (no one else can unlock and view it) and stored in decentralized, redundant storage (no one else can destroy it). Further, stability and cohesion within the team is critical to the overall development of the Itheum platform. The DC Fund Pool will be controlled by a Multi-Sig Wallet that will require a minimum set of Board Member signatures to process transactions. The following sections provide an overview of the underlying technology principles that we aim to use as the foundation for our evolving solution design and architecture. The Company, the Distributor (or their respective affiliates) may cease operations in a jurisdiction in the event that regulatory actions, or changes to law or regulation, make it illegal to operate in such jurisdiction, or commercially undesirable to obtain the necessary regulatory approval(s) to operate in such jurisdiction. The Company, the Distributor and the Itheum team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of the Token Documentation or the Website, or any other materials published by the Company or the Distributor). We are working on cross-chain advertising and purchasing of data facilitated via cross-chain oracles, relays, and bridges that will allow for the transaction handshake to be done between chains and allow for the data to be verified and transacted as well as for the mint/burn/lock of chain native tokens to balance the maximum token supply across the chains (i.g. The availability of this new data for trade is then Advertised allowing for this new dataset to be discovered and then purchased via on-chain transaction facilitation. In the future, we will also support for the Data Creator to set a starting price for their data. This provides a dynamic marketplace for data collection and analytics innovation and an opportunity for 3rd party developers, data analysis, data scientists, product owners to earn some income. This process will also be handled by the "decentralized middleware" service.
Inadequate disclosure of information: As at the date hereof, the Itheum platform is still under development and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly and frequently updated and changed. via a Data Coalition or direct peer-to-peer sale). Report: Operationalizing Equity in Quality Rating and Improvement Systems. Greenroom Protocol voting outcomes etc). To prevent dumb botnet attacks we will implement "invisible CAPTCHA". Itheum empowers data ownership in the metaverse and brings new market value to your data. For example, you can use the native Elrond <> Ethereum token bridge to convert your $ITHEUM to $eITHEUM and vice versa. Loss of Talent: The development of the Itheum platform greatly depends on the continued co-operation of the existing technical team and expert consultants, who are highly knowledgeable and experienced in their respective sectors. A Data Coalition can only be shut down if it's not. Until the platform roadmap is progressively transformed into a fully DOA-controlled element, the Core Team will manage the prioritization and delivery of the roadmap items with some pathways detailed on how the platform will transition to decentralization. The $ITHEUM token is a pure utility token as without owning $ITHEUM you will not be able to use many features on the Itheum Data DEX to facilitate the open exchange of personal data. But in certain advanced use-cases where Data Coalitions manage the data of multiple users, there will be encrypted personal metadata stored on-chain. Data Coalitions also allow for "staking" of $ITHEUM tokens, where anyone can stake their $ITHEUM tokens with a Data Coalition (you don't HAVE to provide your data) to flag their support for the Data Coalition and to signal that the data is good (Crowd-Sourced Data Curation). Users can earn points for completing data collection tasks on time, watching education videos, logging into the platform to check progress, etc. Smart contracts enable trust-less interaction to happen between multiple counter-parties. Once Jack fills the form he needs to attest the form as holding "true" information (via a statutory declaration that is legally binding). Once Itheum has been deployed to the Mainnet and the day-to-day operations of the platform are in a stable and controlled state and we are ready to move into iterative continuous improvements; we will then begin rolling out the Foundation DAO schemes and start opening up public voting for further roadmap upgrades. As the core credibility grows the value of the users data (in terms of $ITHEUM cost) also increases. You can also freely "clone" existing apps and build on top of them. For example, a Data Coalition can have 1000 "members" who contribute data for bulk sales. a buyer can only buy data advertised for sale on the same chain.
The Data DEX is extremely powerful; it also allows you to secure sensitive personal data in secure data vaults, it allows you to wrap your data as an NFT so you can earn royalties on any re-sale of your data (all these revolutionary features are provided in detail in below sections). Once they have done this they can then use the Data DEX to load the raw datasets they have generated and advertise them for trade. Receive 5% of their tokens at the token generation event (TGE), which occurred on March 28, 2022. Board Members also need to wait until the bond period ends to exit. Jack wants to buy a house. But being in "operational mode" is not sufficient to attract the best quality data; all details about Data Coalition Board Members are made public - so you must have some commercial experience in data-related matters to give you credibility. To ensure stability for the network, Itheum will put in place the "3-month" unlock mechanism that applies after the cliff and vest dates pass. For example, your might want to share your DNA or partial sequencing results under the research terms and conditions but you may want to limit how many buyers can purchase it and use it (controlling distribution) Data NFTs allow you to do this. Members can exit anytime but Board Members need a Motion passed to leave or be replaced. To the extent a secondary market or exchange for trading $ITHEUM does develop, it would be run and operated wholly independently of the Company, the Distributor, the distribution of $ITHEUM and the Itheum platform. The Greenroom protocol is Itheum's initiative for open-standard metaverse interoperability.
As with all blockchain-based projects; Itheum will have an allocation of tokens that are not for sale. to ensure there is a constant demand for data), Funds for key operational & marketing supporters and ambassadors, Funds to cover unexpected expenses that might come up relating to platform operations, stability, security, and growth, Team (12%): Incentivise the core team and new team members to work and deliver the initial roadmap (until the community-run Itheum Foundation DAO is put into place), Advisors (5.5%): Strategic advisors who will help Itheum bootstrap and reach optimum global growth. This is especially true if your data is bulk curated into a Data Coalition - which will have a high buyer demand. The $ITHEUM token will allow for purchasing access rights for data from Data Creators and Data Coalitions. your health data is worth > $1,500 if sold as part of a larger dataset). It provides the means to boost data quality, provenance and veracity within the Itheum ecosystem without getting a human to expose all their private identity data in web3. Regulatory actions could negatively impact $ITHEUM and/or the Itheum platform in various ways. i.e.
Explanation of the Cliff / Vest / Unlock process: Private Sale: 20% of max supply : V:24m / U:3m : TGE unlock 5%. You can limit the distribution of your data but should a buyer resell your data NFT, you have the option to earn a % as royalty. After each sale, the 1000 members will be sent a share of the earnings via micropayments. Although not mandatory, Members will be able to expect the Board to have a fixed term, after which they will need to rotate out and be replaced with a new board. The bank needs to carry out a detailed assessment to make sure Jack is eligible for the loan (i.e. wearables or EVs who join Coalitions directly and participate in the data economy. Board Members have a "stake in the game" with their bond and therefore will need to always act in the best interest of the Members. A metaverse interoperability "virtual waiting room" called the Greenroom.
It provides Data Creators and Data Consumers with the tools required to "bridge" highly valuable personal data from web2 into web3 and to then trade data with a seamless UX thats built on top of blockchain technology and decentralized governance. They can also lose $ITHEUM tokens in the event they dont represent their members best interests or conduct an incorrect sale of data (i.e. This portal will allow an admin user the tools to manage their Itheum apps (update app configurations and settings, add new apps, change engagement channels for data collation, upload new education modules, etc) and also manage their users (manually onboard new users, change password and access control for users, see user progress, add users to new programs, etc). NFMe ID (Non-Fungible Me ID)
(if the sale is directly between Data Creator and buyer). Staked $ITHEUM goes into the "DC Fund Pool" - which is then used for arbitration and dispute resolution in contentious sales of data. The $ITHEUM token is sent directly to the Data Creator (if the sale is directly between Data Creator and buyer) or to a Data Coalition if the Coalition is brokering the trade. This demo video shows you an example of the end-user portal for OKPulse (https://www.youtube.com/watch?v=ITONnseBFV4).
For commercial use-cases, Itheum will charge a nominal fee (we will offer it as a Platform-as-a-service with a nominal fee that ensures that the price point is accessible to small-to-medium businesses to ensure they can participate in the personal data collection industry). This makes a lot of sense as personal data is very unique and NOT fungible (watch this short video to understand the difference between fungible and non-fungible). It must also be duly noted that we use the $ symbol as a prefix to the $ITHEUM utility token as a means to simplify our written communication in this whitepaper and for the reader to be able to differentiate the $ITHEUM token from the "Itheum platform" - the $ is in no way, form or shape an indication that it's a form of currency, it is purely a "software-based utility key" that is needed to unlock access to data stored within the Itheum platform.
He visits a DeFi Lending DApp that is a DAO (modeled after a real-world credit union but fully decentralized) that allows for borrowing based on voting-based approval and on-chain evidence of collateral (e.g. By white labeling an Itheum App, app developers can boost adoption with their users as the entire user experience will be branded to something they can be trusted.
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