Enigma: Helping You Make Your Data Secure and Profitable
Taking back control of your own data
Amid the early to mid-2017 furore over the rise in popularity and value of cryptocurrencies, it was clear that this was no flash in the pan. What emerged in the latter part of the year though, was a new-found level of focus on and respect for the underlying technology. That’s right – blockchain hit the headlines. Now, 2018 looks like being a block(chain)-busting year in technology.
What’s the Main Reason?
You’ll have heard the term “decentralized” used again and again. In simple terms, blockchain tech can store data, transactions and more very securely, and with no central ownership. This opens up the opportunity for people to cut out the middlemen, who are often making unfairly large amounts of money.
Another thing that these corporations make money off is data. And this is where Enigma comes in. They have created an on-blockchain data marketplace called Catalyst. The idea behind Catalyst is that you can share and trade in your own data. The security of the blockchain means that it can’t just be lifted in the same way that it is from, say Facebook. You have the control, and you can monetize your own information, statistics or even personal details. Also, you won’t have to share anything you don’t want to.
Enigma – The Money Men
Enigma are proud of their backgrounds, and rightly so. The five main men are all from MIT, so it’s fair to say they know their tech. They’ve been around for a couple of years, and had a token sale for Catalyst that ended back in September 2017. Now they’ve started to create the Catalyst platform on blockchain, 2018 could be a very interesting year for Enigma.