Zebi Chain ZCO ICO: India’s Big Data Gateway Blockchain?
What Is Zebi Chain?
Zebi is a blockchain technology-enabled platform that avails sensitive and high-value data for legitimate use. Zebi protects data from tampering and hacking obtaining consent from the data owners. The platform is made up of Zebi Chain that gives immutability to essential records and a central hub referred to as Zebi Data Gateway that allows for the secure and instant exchange of data through the Data-as- a service (DaaS) APIs.
What Problems Does Zebi Seeks To Solve?
The generation of data in India has significantly risen. According to estimates, data generation in India will reach a trillion gigabytes in 2020. This is due to the increased usage of the internet, use of smartphones and the structural and digital reforms set up by the government. However, data crimes such as hacking, tampering, and leaking have also risen, and they cost Indian firms and individuals a lot of money. This is despite the fact that many organizations and individuals frequently use high-value data such as employment, educational documents, and health records among others. However, the current methods that exist for the exchange of such data are usually paper-based, slow and open to risks of theft and forgery.
Zebi saw the existing need and sought to fill it by using blockchain technology to come up with a holistic and unique solution to make highly-valued data available to its users. The platform connects the individuals who are the data owners with data providers who generate and store this data and data requestors who need to use this data and allow for the seamless and consent-based exchange of the data. This solution is set to be the first of its kind in the data’s industry.
Zebi Chain India's Big Data Gateway Blockchain Features
- Ethereum blockchain Zebi Chain that provides flexibility to customers by use of the blockchain technology. This is a lightweight satellite application installed at different data provider’s offices to allow for immutability with the blockchain-based ledger. The Zebi Chain is provided to the data provider in a monthly subscription mode or as both license and annual maintenance cost mode.
- Smart contracts that are enabled by the Zebi Data Gateway ensuring that data exchange is done with the consent of the owners. The gateway also allows all the stakeholders to get their share of data monetization. The Zebi Data Gateway charges transaction fees for each of the transactions made from the data requestors. The revenue received from the use of the platform by data requestors is shared with individuals and data providers as an incentive that will enable seamless transactions.
The platform will change the way data providers use and maintain their records while at the same time keeping individuals in the light of the use of their data.
Zebi Chain ZCO ICO Details
Zebi coin or ZCO is a token that will be used as the mode of payment in the Zebi platform for all the services provided there. The token is pegged at 1ETH=$1,000. The total token supply is 1 billion of the ZCO tokens whereby 300,000,000 will be sold in the token sale while the rest will be retained by the firm as a reserve for allocation to other stakeholders.