13/09/2018 TOOL Global innovates blockchain ecosystem for Big Data to power SMEs

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1 CryptoCoins Zone Embracing cryptocurrency Search BITCOIN CRYPTOCURRENCY EXCHANGES EVENTS HEADLINES PRESS RELEASES SUBMIT A PRESS RELEASE ADVERTISE Subscribe to our Newsletter By continuing, you accept the privacy policy Subscribe! Blockchain Ecosystem press release TOOL Global innovates blockchain ecosystem for Big Data to power SMEs August 29, 208 Cece 0 Comments User behavioural data is a major component of cyberspace today, and internet users are active contributors to these (big data); All user activities on the Internet are intangibly recorded and stored by various platforms. The importance of user behaviour data acquisition Bitcoin Price BTC price: BTC = USD BTC = GBP The importance of user behaviour data acquisition (aka tra often emphasized in digital media industries through page views BTC = (PV) and IP address tracking mechanisms. With the invention of so EUR many digital applications and e-services, these user behavioural data are also becoming more diverse. However, not all of them /5 c ) is

2 constitutes as valid data. A 0-year-old who s highly interested in cars, visits automobile websites daily, but has no real buying power, is not a real prospect for a car business, hence all data supporting otherwise is invalid. BTC = ETH Data by CryptoCompare API The loophole of behavioural consumption However, to this day, companies selling consumer data do not recognise this loophole of behavioural consumption. Based on years of analysis on pain points in big data consumption and e- commerce businesses, IBD Technology has focused on the research and development of new business and technical consensus; With the aforementioned issue of data validity, the TOOL e-commerce ecosystem solves business roadblocks like these. TOOL Global blockchain e-commerce ecosystem for SMEs Featured Posts Coinbase Pro is now the cheapest way to buy Bitcoin in the UK Venezuela goes all-in on state-backed Petro cryptocurrency Are we heading for a bullish Bitcoin market reversal? TOOL Global s new ecosystem is built on a solid foundation of blockchain technology. It provides REST API interfaces for global SMEs and merchants to collect e ective user behaviour data and encrypts and stores these desensitized data to provide value mining of tokens. So there will be no more worries about security and privacy protection. A number of platforms aggregate global consumption data and share them to SMEs /merchants looking to use them. These merchants would distribute tokens according to the established standards of the platform. For example, if businesses join the ecosystem today, they can independently issue BT (value tags for measuring the contribution of customer behaviour data) to users within the ecosystem. The system distributes this authority in a distributed manner; Decentralized merchants decide how to issue BT, instead of the platforms. All businesses follow a certain standard to keep accounts, and the data is stored on all nodes. This is called mining of behavioural data at a commercial consensus level. It s not a real machine node mining through a computational competition, but a self-incentive mechanism based on the contribution of user s consumption behaviour data. If merchant A determines that a user s consumer behaviour is worth a dollar, it will issue a BT worth a dollar. If Bitcoin could be the rst worldwide currency SEC could approve Bitcoin ETFs within 8 months CME Group head-tohead in Bitcoin Futures race The Race for Bitcoin Futures The secret of investing in Bitcoin and cryptocurrencies merchant B feels this behaviour is worth two bucks, they can issue two This BTs. site The uses users cookies. decide Cookies which merchant help us to deliver choose, the and best theyuser experience for you. By bene t from using this our competitive site, you environment. agree to our use of cookies. Learn more Accept 2/5

3 Motivate data contribution Fees paid by these data users (the SMEs/merchants in this case) are automatically rewarded (by the platform) to data sources (people like you and me) that contribute according to established standards, and serves to motivate data contribution, thereby forming a sustainable, ecological closed loop. The technical consensus of TOOL Global is called DS-PBFT (Delegated Stake- Practical Byzantine Fault Tolerance). It is a billing node voting method for polling and can reach a consensus with high e ciency. It can t be completely distributed and decentralized like the POW mechanism, but it can achieve a certain degree of multi-centred e ect. It can e ectively reduce costs and resource waste while improving e ciency and data protection. The above two consensus innovations are key breakthroughs in TOOL Global. Of course, in the TOOL ecosystem, there are many other functions such as smart contracts, AI modules for nancial payments, and so on. IBD Technology will make hard e orts to create more functions that will enable SMEs to reduce their operating di culties. In the near future, small and medium-sized enterprises and merchants in the TOOL ecosystem can achieve truly low-cost precision marketing. For more information on TOOL Global, visit An announcement by Alson Liu, at IBD Technology. Disclaimer: This article is for information and entertainment purposes only and should never be construed as investment or trading advice. Bitcoin and other cryptocurrencies can be extremely volatile and you should always do your due diligence and research on the topic, utility, product or service and legal and regulatory requirements before deciding to invest. We do not take any responsibility for possible losses you may incur. Social Network: Like Share Tweet Save Venezuela This site uses goes cookies. all-in Cookies on state-backed help us to deliver Petro the best user experience for you. By cryptocurrency 3/5

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