Hi @onepraveenpaul & @thisismarkpaul. Welcome to Elrond 🔥 How do you

Question

MultiversX - Community

Costi Pirvu

Hi @onepraveenpaul & @thisismarkpaul. Welcome to Elrond 🔥 How do you

ensure that the Decentralised Board Members are not colluding to act maliciously with the customer’s data?

#blockchain #cryptocurrency #elrond #english

0

17.03.2022

6 ответов

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Mark | Itheum [will never DM first]

Decentralized Board Members are voted in and they run "Data Coalition DAOs" - these entities "bulk trade data". As with any DAO, the members have full rights to vote and maintain its board members. Members can at any time jointly vote out board members who do not have their interests aligned with the goals and objectives of the DAO. we envisage these DAO’s will also have a reputation (credibility) rating so its in the members best interests to ensure that the board acts responsibly to product its reputation rating.

0

17.03.2022

Costi Pirvu Автор вопроса

Mark | Itheum [will never DM first]
Decentralized Board Members are voted in and they ...

Thank you! I have a follow up question: Can you explain how the Data Coalition DAO works and how does the process of selling data on behalf of customers work?

0

17.03.2022

Praveen | Itheum

Costi Pirvu
Thank you! I have a follow up question: Can you e...

will get this, love talking about the DAO's

0

17.03.2022

Praveen | Itheum

Data Coalition DAO’s within Itheum are jointly run by community and enterprise members with a goal to bulk trade data. There can be many such DAO’s each with its own alignment in terms of the data it trades on behalf of its beneficiaries. It is envisaged that end-users will be able to “rate” these DAO’s and align themselves to share data with DAO’s that have good ratings and credibility (similar to how the credibility of a node validator in a Delegated Proof-of-stake (DPOS) system gets signalled by the community who delegates their stake with them). Data Coalition DAO’s with higher ratings due to the quality of data that they provide will also attract better interest from data purchasers.

0

17.03.2022

Costi Pirvu Автор вопроса

Praveen | Itheum
Data Coalition DAO’s within Itheum are jointly run...

Awesome, sounds great! Thanks 🙌

0

17.03.2022

Mark | Itheum [will never DM first] · Accepted Answer

Mark | Itheum [will never DM first]

sure... great question and let me take that

0

17.03.2022

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