Wysker The future of your data is assured

Hello friend this time I will discuss about Whisker, What is wysker? Let me explain the full explanation, let's see.



  • Your Data is Your Future

  The big question of the data economy is simple: How valuable is a user’s data? How much is this data worth? Should users be compensated for their raw data? And if so, how? Discussion around these questions is dominated by two schools of thought.

  The first school of thought is best exemplified by Andreas Weigend, former chief scientist at Amazon. He argues that raw data has nearly no value at all in a monetary sense, besides the few data points an individual produces. Only billions of data points that are generated by thousands or millions of people that are aggregated and then analyzed become valuable. To generate data worth, one needs sophisticated systems and algorithms that search for usable correlations and patterns. 

  The user pays for the service with his or her personal raw data. The companies inventing and investing in these services must capitalize in other ways – for example, pushing targeted advertising based on their user base. 

  Demanding additional monetary compensation for the data should not, therefore, be the prime concern of the user, Weigend argues: “You need to be demanding more powerful ways to gain control of how, when, and why you share, what your data can be used for, and what you get as a result [2].”

  The second philosophy is articulated by philosopher and computer scientist Jaron Lanier of Microsoft Research. Lanier argues that giant Internet companies only exist because of users. The raw material users provide and create is super valuable. As he puts it, “Your data is more worth than you might expect, in the future it might become your lifeline [1].” He suggests users receive monetary rewards as micropayments every time they give up data.

  Let’s compare these views based on the current situation. Digital businesses actually do invent and invest in sophisticated services based user data. While users actually get most services for “free,” the real fee is paid by the information they leave behind. But what the user doesn’t get is control, transparency, and agency around their data. They don’t have the right to access, change, blur, or delete their data. And they surely do not get paid for creating their profile. 

  To quote Lanier again: “Ordinary people ‘share’, while elite network presences generate unprecedented fortunes.” Andreas Weigend argues, “If Facebook shared every cent of its profits – about $3.5 billion in 2015 – with its users, each user would receive about $3.50 for the year [2].”
The truth is, both thinkers are right. Therefore, the wysker Platform creates full transparency, allowing each user to decide when, how, why and what of their data will be used.The individual’s raw material becomes very valuable, tradeable and highly marketable.

  A dream for marketers, advertisers and retailers becomes reality: a platform that can accurately distill consumer purchase intent. They can now speak to and target individuals with a very probable purchase intent and high interest in their product based on individualized data. As a result, they can tailor their offer down to the individual - a capability they are willing to pay for. From their perspective, the price of winning “one” customer rises, but the overall conversion costs drop because they can avoid consumers with low conversion rates.

  The user then gets a share of the tokens the advertiser used to target him or her in the form of wys Tokens. These tokens can be traded for rewards, discounts, and products. This is a fair share of the marketing dollars spend. On wysker, the marketing value of each user’s data rises; wysker combines purchase intent and expressed consent, making data very valuable on the individual level for marketers who want to find customers and for customers who want discounted products.

  Thank you for your attention, hopefully what I write can help my friends and add insight about Wysker, for language and writing when there is lack of apology, on the other hand I will discuss more about Wysker, so much.

Eth: 0x5F53C937FD1cc13c75B12Db84F61cbE58A4a255e

More Information

Website: https://www.wystoken.org/
Whitepaper: https://www.wystoken.org/media/wysker-whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2443093.0
Telegram: https://t.me/joinchat/GdV8ekvBPvz1J0uTqGEfvw

Reddit: https://www.reddit.com/r/wysker

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