290
views

Insights Network: A Platform Offering Data Monetization Opportunities

Data collection, selling, and manipulation practices are on the rise on the internet today— some of the largest internet-based platforms are beneficiaries of data collection. Platforms collecting the information often track apps behavior from individual mobile devices. 

The information is collected without consent, and as such, to some extent, that is an infringement of privacy. On some occasions, hackers have been able to attack the information systems and leave with large private personal data chunks. What if there were a platform that provides sanction information from the owner? The Insights Network is launching with such solutions. 

What is The Insights Network?

The Insights Network platform is a blockchain-based network that provides its users with the ability to sell their information to sanctioned parties. Using this platform, large companies will not need to go through data brokers to access information; instead, they can link directly with users. 

The Insights Network is serving two types of users in the crypto world, requesters and providers. But who are these parties?

  • Requesters can be primarily defined as organizations or individuals who request data in the Insights network by leveraging the Instar tokens.
  • Contrarily, providers are the recipients of the requests and immediately work on reverting by providing the needed data. These providers receive their Instar rewards for delivering data.

Quality of Data in The Insights Network

Any organization or individual in need of data requires it to hit some of the following required expectations; 

Relevant

The information provided should show relevance. It should relate to a specific subset of people, either of different ages or areas of residence. Irrelevant information has no value. The platform and its data providers foster the relevance of data.

Trustworthy

The truthfulness of the data is also highly critical for the data requesters. The providers and the platform should institute policies to ensure the data offered is free from any fraud. Insights Network platform fosters fraud-free information. 

Timely and Convenient

The information requesters should quickly get the information they need from the providers without any worries. The data collected should be from the consent of the provider, and private information should remain private. Similarly, the providers should be able to earn from their data providers. 

Security of Information

Any data handled by the Insights Network ecosystem from providers to requesters should be highly safe. The platform can get on top of any security threats handling them without worry. 

The INSTAR ERC-20 Token

The Insights Network platform introduces its native ERC-20 token, dubbed INSTAR token, to power its activities. Token holders will get the option of placing requests to or sell the tokens. The original number of INSTAR coins in circulation on launch was  300 million tokens. 

Features of The Insights Network

The Blockchain

The Instar network introduces an EOS open-source software to provide developers and block producers with a top speed and free web.  

The Insights Network as an ecosystem provides transaction support between the parties dubbed providers and requesters. That’s called multiparty computation. They run a two-sided marketplace.

Instar for Consumers

The products introduced for consumers is the wallet option. There are two types of INSTAR wallets introduced for users, the Web wallet and Mobile wallet. The current mobile wallet is only available on Android, and users can earn by using the platform. 

Instar for Businesses

The Insights Network also introduces a businesses’ option to access a chain of private data from blockchain results. There are three unique options in the Instar businesses feature, aiming to ensure the enterprises maximize using the platform. 

Moreover, the network option provides ads and survey features, voice options, and listen to opportunities for employee engagement. 

The Benefits of Insights Network

The first benefit of the platform is the possibility of creating an account at low costs. Since the platform is independent and it solely supports itself, it will be offering free account creation. However, currently, the result of accounts costs between $5-10. 

Another benefit is the creation of a trusted user base. The quality of Data submitted in the networks is high, owing to the participants’ KYC verification

There is a secure multiparty computation designed to allow multiple parties to perform calculations while protecting information and releasing only the permitted information. 

The INSTAR tokens have a bolstered utility, allowing the users to vote on governance issues. That helps in the platform’s mission achievement and block production and earn rewards. 

Another great benefit of the platform is its excellent on-chain reputation by using rating options. 

Conclusion

Although data selling practices are continually gaining traction today, the security implications and privacy infringements are a concern for all internet users. Insights Network, however, redefines the information selling practices declaring data brokers extinct. The information owner gets the right to choose. Who can buy their information and who can’t, and they are compensated handsomely for the info. 

This platform introduces a world of features, a blockchain, a user-friendly wallet, a networking option for businesses, and a marketplace. It has its token dubbed INSTAR token, one used as the utility token in the platform. 

Bitcoin live price
Btc
Bitcoin
$19.473,83
price
0.31199%
price change
BUY NOW

Its benefits include trust, convenience, security, reliability, and ultimately a good investment prospect. You can now take advantage of this platform as the internet world struggles to migrate from the data broker’s systems to a more privacy-focused system. 

Stay up to date with our latest articles

More posts

indu4.0 – The Digital Marketplace for the Manufacturing Industry

indu4.0 is a digital B2B marketplace for the manufacturing industry, aiming to make the bridge between supply and demand faster, more efficient, and cost-effective. The company behind it, Indu4.0 AG, operates from Lucerne, Switzerland. It has already succeeded in integrating numerous complex industrial products and services with a sophisticated filter system in a user-friendly platform. This indu4.0 review looks closely at one of the most ambitious projects seeking to establish a blockchain presence for the behemoth-sized manufacturing industry. Read on…

SpurDex – A Cross-Chain DEX Platform for Hassle-Free Trading

SpurDex is a cross-chain DEX platform that supports the hassle-free trading of digital assets. The platform aims to provide a decentralized, secure, and user-friendly experience for all its users. SpurDex aspires to establish a safe and secure environment for digital asset trading. What Is SpurDex? SpurDex is an easy-to-use cross-chain DEX platform allowing you to trade digital assets in a new manner. It utilizes smart contracts to facilitate the exchange of tokens between different chains. SpurDex wants to provide the…

Hami Network – The Next Level Launchpad for Investors and Project Owners

Hami Network, an all-in-one cryptocurrency platform, revealed its new investor-friendly launchpad helping projects gain more traction from their first day in the cryptosphere. Additionally, the project started the Seeding Round A for its HAMI token on August 19, ending on September 8. Investors can board the initiative or join the Seeding Round B on PinkSale from September 1 to September 14. This short Hami Network review looks closely at the project's new launchpad and features. Read on to learn more…

BC.Game – A Complete Casino and Sportsbook Experience

BC.Game is a crypto casino offering the widest variety of crypto deposits and withdrawals. The website features over 6,000 games, including BC Originals and house games. Most importantly, it operates as a casino and a sports book allowing users to play with crypto and fiat currencies. This BC.Game review dives deep into one of the most popular cryptocurrency casinos. Read more about its features, games, supported currencies, and payment methods! BC.Game in a Nutshell BC.Game launched in 2017 as a…

ZUNAVERSE NFT Marketplace – Discover, Collect and Sell NFTs

ZUNAVERSE is an NFT-centered platform on BNB Chain aiming to make non-fungible tokens (NFTs) more accessible to everyone. The project is developing rapidly and incorporating an NFT marketplace, a proprietary token (ZUNA), and a brand new NFT collection, the ZunaNauts. This short ZUNAVERSE review looks closely at one of the latest NFT marketplaces to enter the market. Read on to discover its many features and plans! ZUNAVERSE in a Nutshell ZUNAVERSE plans to rival the industry-leading NFT marketplace. To this…

LykaCoin – All-in-One Blockchain Ecosystem

LykaCoin is a multi-chain blockchain ecosystem similar to Polkadot and Avalanche but promising to be more competitive. Its goal is to add innovations, progressive views, and a different vision to the newly-built meta universe with the projects it will do and develop. Notably, it aims to attract them with zero gas fees and potentially unprecedented scalability. This LykaCoin review looks closer at one of the fastest developing blockchain projects in the industry. Read on to discover its features, tokenomics, and…

Decentraland – A Virtual Reality Platform Unleashing the Blockchain Potential

Since its inception, virtual reality has been a phenomenon. People have been fascinated by the idea of stepping into another world that humankind created. With Decentraland, this fascination has become a reality.  Decentraland is a popular virtual reality platform that allows users to create and experience anything they can imagine. Decentraland is also a cryptocurrency platform. Within the Decentraland ecosystem, users may buy goods, services, and real estate with the MANA token. The MANA token enables the project's founders to…

Chain Pet – A Play-to-Earn Ecosystem for an Enhanced Crypto Experience

Blockchain gaming is starting to take off, and Chain Pet is one of the games leading the charge. In this review, we'll look at Chain Pet's main features and how it sets itself apart from the competition. Chain Pet is a play-to-earn ecosystem that rewards players for their contributions. By upgrading, breeding, and combating their elves, players may construct their world. The elves obtained are all personal assets, so finding a partner is essential to help you get started. One…

LoserChick – A GameFi Crypto Platform Relying on Staking

LoserChick is a fun and addictive new game that allows players to catch and smash eggs for NFTs. In addition to providing many ways for players to earn, LoserChick also offers lower gas fees and higher transaction speeds.  Because of its relationship with Polygon, it's an excellent option for gamers seeking to spice up their day a little. This review will analyze LoserChick in detail, so be sure to check it out if you're interested in learning more. What is…

DeNations – A Global Play-to-Earn Crypto Experience

DeNations is a popular platform for gamers who want to get involved in the crypto market. Users can expand their nations, build civilizations, and earn rewards. The gaming industry is growing rapidly, and DeNations provides an excellent opportunity for gamers to get involved.  This review will analyze the main features of DeNations that appeal to crypto investors and gamers. What is DeNations? For those who like to earn prizes while having fun, DeNations can be an appealing platform. Each nation…