Blockchain startup Plazus Technologies aims to fight data slavery by challenging today's social media monopoly and taking back control of personal dataPosted:
Hong Kong, 16 July 2018 – Plazus Technologies, a blockchain startup building an open source blockchain protocol to allow large online tribes to communicate effectively and own their data on top of a peer-to-peer back end using smart contract technology, is launching their testnet in Hong Kong with the EOS HK community at a public demo to be held on July 16 at Genesis Block.
Plazus builds communities of passionate individuals who connect authentically with each other around a shared common interest, without fear of losing control of data privacy, while also receiving appropriate rewards for their contribution to community activities.
The Vancouver-based company is already working on an alpha version of its platform with a range of partners including representatives of the professional sports community, Canadian universities, TED influencers, the Hong Kong-based blockchain community and several ICOs. The partnership with EOS which is being initiated in Hong Kong on Monday July 16, is expected to bring a powerful boost to Plazus by providing access to a widespread community of decentralized blockchain developers.
Commenting on the powerful sense of purpose felt by the Plazus team, CEO and serial entrepreneur Galya Westler said: “Our team has set out to challenge the entrenched social media establishment by delivering control of personal information back to the user. Our mission is to empower these online tribes to create a resistance to censorship in a world where individuals can reclaim their social identity and regulate their level of online attention.”
Upholding data sovereignty and privacy
Today data sovereignty and privacy scandals make headlines with increasing regularity and scale as personal information falls into the hands of malicious organizations. Recent examples involving some of the largest centralized social networks in the world include Facebook’s Cambridge Analytica scandal and China’s video-sharing site AcFun’s hack in which tens of millions of users had their data compromised. These incidents are preventable – providing with a more sensible approach to data management is put in place.
Plazus is developing a solution that empowers users to protect their own data, which is encrypted by them, stored in a location of their choice, and shared only with their explicit approval. These users enjoy peer-to-peer connections across an armada of nodes running on a public blockchain with multiple interactions all mediated and paid for via a tokenized protocol.
Communicating effectively in large groups
Plazus first use case is with blockchain communities and ICO communities empowering effective communication within their tribes and offering members a cross-over KYC and the ability to run bounty programs based on smart contracts in a simple DIY tool.
With the launch of its testnet in Hong Kong, Plazus wants to encourage many different types of communities to experiment with its ecosystem model in order to prove that blockchain technology can create separate tribes that are totally autonomous, with an algorithm managing the ecosystem, and without the need for a centrally owned company at its core.
“In addition to offering a high degree of control for personal data, Plazus also ensure that group members get paid fairly for their contribution to the community,” added Ms Wester. “This attention to detail is only possible because our platform is built on the blockchain, which allows each community organizer to understand precisely the level of involvement of each member and reward him or her accordingly – all the time, without exposing personal information without express prior agreement.”
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