OKP4 is a cryptocurrency startup that offers a database management technology that is unique in the market and potentially very much in demand. Although there are already technologies for working with data on the blockchain, OKP4 offers several innovative ideas. They are complex to understand, so we gave practical examples of possible use cases.
The protocol proposes the creation of data spaces: distributed clusters where any data can be stored, and the community can prescribe arbitrary rules for their administration and exchange. The project documents have detailed information about the spaces, the difference and usefulness of the data-information-knowledge chain, and a list of industries where the technology can be helpful.
Here we will look at specific application examples.
Many companies use or receive large databases of emails in the course of their activities. In particular, from customers, suppliers, partners, or other counterparties. This data is complicated to use in the public domain for several reasons:
It's a breach of the privacy policy.
Competitors can steal them
It can be used by fraudsters or simply by unscrupulous advertisers
We should create a data space in the OKP4 blockchain and add our email database. Then we flexibly configure the access and algorithms by which narrow groups of users or organizations can obtain data — for example, clinics, research institutes, and government agencies.
Thus, you can not only share information but also sell databases without the risk of bumping into fraudsters or competitors. The database will get into just the right hands. It will only be necessary to fine-tune the algorithms (which, in turn, will be stored in secure smart contracts).
The healthcare system is another application point for OKP4. Clinics store any customer data, including addresses, biometrics, and financial and insurance data. All of this mass of data also has varying degrees of privacy.
Properly configured blockchain data spaces will make it possible to share this information between different institutions and other private or public organizations. At the same time, the patient's personal data will be protected as much as possible.
Clinics, in turn, can obtain people's health data more quickly and reliably. It will result in better medical indicators for the treatment and diagnosis of diseases.
It is a well-known fact that clients' credit histories are a big problem in the banking environment. After all, this information is essential for banks to work correctly with loans, and it is protected by clients' privacy. That is why exchanging credit history between different organizations is difficult.
OKP4 can help here as well. The same data spaces and the credit histories stored in them will help combine confidentiality and information availability.
These examples are only a partial list of all the areas in which OKP4 and its unique Data Spaces technology can be used. There is an application point in practically every sphere, as all our life is saturated with the triad "data-information-knowledge." And OKP4 is designed to make it easier and knowledge more accessible and secure!
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