MaxData search trends in Google
THIS DOCUMENT PROVIDES AN INITIAL SUMMARY OF CERTAIN BUSINESS ESSENTIALS
UNDERLYING THE MAXDATA PROJECT. THIS DOCUMENT IS EXPECTED TO EVOLVE OVER
TIME, AS THE PROJECT PROCEEDS, AND THE MAXDATA TEAM MAY POST MODIFICATIONS,
REVISIONS AND/OR UPDATED DRAFTS UNTIL THE FINAL DOCUMENT IS PRESENTED PRIOR
TO THE DATE OF THE PUBLIC TOKEN SALE.
THIS WHITEPAPER SETS FORTH A DESCRIPTION OF THE PLANNED MAXDATA PLATFORM
AND THE USE OF THE MXD TOKEN. THIS IS BEING PROVIDED FOR INFORMATION PURPOSES
ONLY AND IS NOT A BINDING LEGAL AGREEMENT. MXD TOKEN SALES WILL BE GOVERNED
BY SEPARATE TERMS & CONDITIONS. IN THE EVENT OF A CONFLICT BETWEEN THE TERMS &
CONDITIONS AND THIS WHITEPAPER, THE TERMS & CONDITIONS GOVERN.
THIS WHITEPAPER IS NOT AN OFFERING DOCUMENT OR PROSPECTUS, AND IS NOT
INTENDED TO PROVIDE THE BASIS OF ANY INVESTMENT DECISION OR CONTRACT.
The current economic system is broken; business models in every industry are cluttered and
inefficient. Each and every transaction that occurs is exponentially overpriced - with companies
having to pay exorbitant marketing fees in their attempt to target potential consumers. Giant
marketing corporations mine through huge piles of user data at great expense while trying
to identify potential customers.
MaxData aims to fix the system. Our blockchain platform facilitates direct connections
between consumers and service providers. By allowing users to share their data with the
companies, businesses can bypass the expensive middleman processes, creating a cheaper,
MaxData envisions a future beneficial to both consumers and service providers. Service
providers will be able to target only relevant customers and with truly attractive offers,
without relying on costly marketing. Thus, consumers will also gain from cheaper prices as
well as no longer being hassled by the...
Today’s economic model presents a fundamentally flawed and inefficient consumer-
corporation relationship. With so many competitors vying for the attention of billions of
consumers, service providers must hire the marketing services of the giant data corporations.
However, such services are expensive. These rising costs end up being rolled into the final
prices consumers everywhere must pay. MaxData was founded to streamline the process
and transform the service economy as we know it by building a platform allowing users to
connect directly with companies through the blockchain. By removing the Big Data middlemen,
MaxData allows service providers to interact directly with consumers in a knowledgeable and
more efficient way. This lets them provide cheaper and more user-attuned services.
What is truly amazing about this idea is that it benefits both sides - the consumer and the
service providers. Service providers can now radically transform the way they are structured
and change ...
Reinventing the consumer-company relationship. Giving ownership and profits on personal
data back to consumers, reducing consumers’ cost of living and giving unprecedented
value to companies making them more efficient and reducing their marketing costs.
Build a platform where consumers and service providers interact directly. Using blockchain
technology consumers anonymously provide information. Service providers use this to
structure their businesses more efficiently, reducing their marketing and overhead costs by
allowing them to target consumers who receive tokens and cost saving offers that truly bring
THE BIG DATA INDUSTRY’S MONETIZATION
“Data is the new gold
,” explains X-Prize Foundation Chair Peter Diamandis. Each day, hundreds
of billions of bits of data are produced through our phones, computers, cars, credit cards,
household appliances and shopping. The Age of Big Data has seen the rise of a multi-billion
dollar industry surrounding the collection, packaging and analysis of user data. Nearly every
online business relies on this industry to try and effectively find customers and sell to them.
With millions of potential consumers to filter through, businesses are prepared to pay a lot of
money to big centralized companies such as Google, Facebook, Alibaba and Tencent who are
actively gathering user data.
But who bears the cost of this industry? The end users - the vast majority of the population
whose data is being collected and monetized - are the only ones losing out from this industry.
Our personal data ends up having a negative value. Users are the ones left to pay for the...
WHAT IS THE PROBLEM?
Big Data exploitation affects any person with a smartphone, computer, e-mail, new car, credit
card, Facebook account or simply uses the internet to find recipes or even check the weather.
We have all been subsumed by the Big Data industry and are being goaded to increase our
dependency on such systems while simultaneously paying for the system’s upkeep through
increased consumer expenses. Today’s big data advertising revenue is more than $215 Billion
annually and these costs need to be covered with an additional profit. Ultimately consumers
need to pay the costs created by the collection of their own data, while their dependence on
such data-collection platforms continues to be nurtured by the data corporation.
SERVICE PROVIDER PERSPECTIVE
Service providers face a number of challenges when trying to identify and target consumers
with relevant deals.
The first challenge is targeting the right customers at the ‘right’ time.
MAXDATA - WHY USE THE BLOCKCHAIN?
Thanks to the invention of Blockchain technologies and use of cryptocurrencies, a wave of
decentralization is taking place in many industries. Big, centralized companies are effectively
losing their monopoly over money and data. From banks, to data giants and governments,
this decentralization is transforming traditional industries. While this new situation might be
intimidating for centralized companies, it will give many opportunities to build new services
for smaller businesses and consumers that thrive on evolution and change.
BLOCKCHAIN SMART CONTRACT BENEFITS:
General data is available, while personal data is anonymous.
Provides trust between two unknown parties, allowing decentralization
Blockchain has an immutable history of transactions.
Data is safe and stored on decentralized servers
Cost-effective payment solution for small transactions w/o any middleman
The above points are all crucial for a successful MaxData platform and providing...
MaxData is revolutionizing online purchasing methodology and provides a new concept
for conducting online goods and services purchasing. Our platform gives service providers
access to anonymized user data, and the ability to send users offers with their consent. It
transfers the search and negotiation stage from the customer to the service provider and
creates a direct relationship between them. This effectively reduces many of inefficiencies
experienced by both parties in the current transaction model. Working together directly has
many benefits. Companies can discard the cumbersome overhead and marketing costs, thus
allowing customers to pay for the service alone.
COMPANIES BENEFIT FROM:
Direct access to consumers.
Full understanding of consumer needs.
Transparent relationships with customers
Reduced marketing costs as middlemen are no longer necessary
Lower overhead increasing gross margins.
Ability to send relevant offers consumers are loo...