A partnership between companies should ideally be motivated by more than profit and mutual goals — it should also be a reflection of their shared core values and their visions for the future.
Here, at Restart Energy, we have long focused on user experience and customer satisfaction, having even been awarded for our diligence. We believe in the transformative power of blockchain technology and its varied applications. All of these are values that we share with our new partner, Opiria — the ethical personal data marketplace of the future, today.
An already established company, with several Fortune 500 clients such as BMW, Audi, Volkswagen, Mercedes-Benz, General Motors, Nissan, Intel, Procter & Gamble, Freightliner and many others; Opiria and its PDATA token come to the defense of consumers that have for too long been the target of less-than-reputable practices by big data companies that have historically gathered their personal data without consent or recompense.
Such practices have led to consumers locking up their personal data in ever more complex ways and thus less data is available for companies to buy and use as the basis for marketing, research and new product launches. All of these require solid personal data analysis that if based upon severely limited or, worse yet, counterfeit data, can lead to unsuccessful marketing campaigns and failed product launches. To date, data insufficiency and falsified data have lead to failed investments in the billions.
The data industry is in a sorry state that benefits neither companies nor consumers. A failing caused by to too many middlemen and too little respect given to user’s data privacy.
Opiria aims to change all that by giving the power of choice to the consumer — companies will have to ask user’s permission to buy their personal data. In turn, companies award them PDATA tokens: ERC20 smart tokens that represent the value of your personal data.
Furthermore, by using blockchain mechanisms, Opiria’s platform will protect user’s data privacy, security and will be fully-compliant with up-and-coming General Data Protection Regulation (GDPR) guidelines.
Opiria’s platform is primed to disrupt the 250 billion dollar data brokerage industry and aims to become the gold standard for personal data trading. Companies and users can trade directly, from peer to peer, and this ease of access will drive user interest in selling their personal data — something they passively produce on a daily basis. As such, the entire data brokerage market will expand and data shortages will become a thing of the past, with everyone benefiting.
As explained above, Opiria and Restart Energy Democracy have a lot in common and are natural allies in the business world, however, we have decided to go one step further, by working together to ensure that Restart Energy’s users and customers can sell their personal energy data on the Opiria platform, and earn PDATA tokens from companies that are interested in this energy data.
The RED Platform lends itself excellently to data reporting by its users, as each has a full ledger of their own transactions, available at any time, thanks to the use of blockchain technology. Another important part of our users’ personal energy data gathering toolset will be our custom-built WiFi smart meters — installed in the users’ main electrical board, upstream of the distribution meter. With these smart meters, users are able to provide a wealth of additional energy data, with a 0.1% precision class reading, that is uploaded in real time to Restart Energy’s servers and accessible at any time through phone or PC.
Personal energy data that our WiFi smart meters offer include energy consumption, cost, voltage & power variations, frequency variations, harmonics, flickers, outages, as well as the instant active power — crucial for calculating energy efficiency and accurate home appliance energy use — all of these are valuable datasets to companies in several fields.
Given the scarcity of accurate energy data in the current data brokerage marketplace, this is sure to benefit the RED community, by way of interested companies in the sector offering worthwhile recompense for the unique personal energy data our users will be able to provide.
In the words of Opiria’s CEO, Dr.-Ing. Christian Lange: “Personal data is the oil of the 21st century.” Restart Energy aims to help spread this newfound source of wealth to our energy users, while Opiria and PDATA spread the word about Restart Energy’s peer to peer energy trading and the ability to send and receive energy, worldwide. An equitable partnership and one we are proud to announce.
About Opiria and PDATA
The Opiria platform and PDATA token are creating a global decentralized marketplace for the secure and transparent buying and selling of personal data.
Opiria and PDATA will democratize the brokerage of personal data in a secure, lawful, fair and transparent way, by making use of blockchain technology and the principle of choice — your choice to securely sell your personal data to any interested companies you want to, with the help of the Opiria platform.
As such, Opiria enables consumers to create a passive income stream by monetizing their personal data and will connect consumers and companies globally and become the world’s largest decentralized personal data marketplace. Companies can buy personal data directly from consumers and compensate them with PDATA Tokens — the currency that expresses the value of personal data and enables its trading by using smart contracts on the blockchain.
Companies benefit by gaining access to real, reliable and high-quality consumer data and compensate consumers for their data with PDATA tokens; all the while respecting their privacy, in line with rigorous General Data Protection Regulation (GDPR) guidelines.
PDATA — Monetize your personal data.
About Restart Energy
Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month (5,000 new customers in the first two months of 2018), and it’s impressive growth: 1700% from 2015 until today.
Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I, Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.
The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.
MWAT tokens are crypto-tokens that enable the virtual storage and trade of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, though free-market practices. They come pre-charged with 0.11 kWh and get monthly free energy from a special community energy fund that is charged with 1–5% of total grid power — this energy is transferred by producers and suppliers in a special community energy fund in exchange for access to the RED platform.
Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!