Why Data is so Important in Today’s World
Tags: Blockchain, Data, ICO, Bitcoin, Data Transparency

The architecture of our software allows for two use cases. Today we introduce the first use case: Intrachain Private

Data nowadays increase the problem of a missing overview

Dear Intrachain Community,

In last week’s blog post, we have announced a new exciting angle to our product: Intrachain Private.

Today, we will elaborate on why data is so important to today’s global citizen and what problems this development brings along. Then, we will explain how Intrachain Private offers the solution to the problem.

Today’s high Demand for Data and connected Problems

We live in a digitalized world. Information can be accessed everywhere and at all times. This leads to a constant information overload and a shift from an analog world into a digital sphere. This development not only simplified and speeded up various processes but also changed how users ensure a healthy and balanced lifestyle.

In consequence, this led to the recent increase in popularity of tracking services. While those services offer the possibility of self-optimization, some also meet the digitization with skepticism. Its critics point out aspects of digital wellbeing and the fact that many people cannot disconnect from their smart devices anymore. They report an increased addictiveness of smartphones and promote a more mindful interaction with digital devices.

Intrachain Private — The Solution

Users would profit from gaining more transparency about their usage behavior. For now, users do not have access to their behavioral data in a simple and transparent way and therefore cannot reflect on or analyze their user behavior.

To make users more aware of the harm that a careless usage of digital products and the ‘always-on’ mentality can cause and to serve the wish users have expressed to become aware of their actions online and reflect on their digital behavior, we introduce Intrachain Private .

Intrachain Private is a B2C software that tracks personal user behavior and offers the possibility to store the data on the blockchain. The data are made available to the user for analysis via a user interface.

User’s digital behavior data should be made transparent and easily understandable for everyone to analyze. Also, we aim at keeping data safe from potential misuse or data theft in times were data have become an increasingly valuable possession.

Thus, we from Intrachain offer a solution that helps individuals to develop digital mindfulness and offers them the ability to analyze their behavior to become more productive.

Technological Solution and how it works

Our solution is called Intrachain Private. Intrachain Private wants to equip each party with equal data access. Therefore, Intrachain’s software consists of two components. The first component is the process mining engine that has been developed and is already being distributed. It directly collects the relevant data from the clients and passes it on onto the blockchain. As a second component, the Ethereum blockchain, an open source application, is added to this construct. In the case of Intrachain Private, the blockchain technology can store the relevant private user data.

After having introduced our technological solution, we now are going to explain how the software works. Our solution consists of two steps. In a first step, the behavior of a user is tracked by the process mining engine. When the documenting process is finished, the Intrachain Server stores the information.

In a following step, the server prepares the data to be sent to the Ethereum blockchain where it is safely stored. The responsible user can use the UI of the Intrachain Server to view and analyze the data.

All of the tracked data are made available to the user for analysis via a user interface.

Conclusion

As we have explained above, data nowadays increase the problem of a missing overview. This leads to problems for today’s global citizens: they spend more and more time online. This trend is problematic because many people cannot disconnect from their smart devices anymore which causes an increased addictiveness of smartphones.

To be able to interact with digital devices more mindfully, individuals need to be aware of their digital behavior. A mindful interaction requires the user to analyze their digital behavior data. Intrachain Private tracks personal user behavior and offers the possibility to store the data on the blockchain. The data are made available and transparent to the user for analysis via a user interface.

In this week’s blog post we have explained how Intrachain Private supports the user in a more mindful interaction with digital devices. Next week’s blog will highlight the second angle of our product: Intrachain Business.

Stay tuned to find out why data is extremely important for businesses and how Intrachain Business will revolutionize the accounting world.