Biotron Coin

Biotron Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Biotron Coin consists of three chapters: origin, technology and pros & cons.

Origin

The world of digital currency has raged past pure speculative purposes and has made great headway into more practical applications. Biotron is one such example. Introduced in February 2018, Biotron is basically a transparent platform for personal data analytics. The data is then exchanged among parties that can create high-value, intelligent products based on it.

Technology

The widespread use of technology implies a multifold increase in data being generated. The usage of this data is immense. The data has great value for decision makers. It can also bring value to people whose activities generate data at first place. Biotron accomplishes both the purpose in an innovative way by making use of block chain technology.

• Users of Biotron contribute by sharing the data created by their actions and transactions. They use different sources and services like social media networks, sensors, IoT devices, online services. Moreover, you contribute this data anonymously. Users also have discretion over how much of the data such user allows harvesting of. Depending on the extent of usage of their data, they earn the digital currency, i.e., the Biotron Coin.
• The platform transforms this data into business intelligence products and sells them to organizations. Also at this stage, the data has been subject to pseudonymisation.
• The users of Biotron benefit by receiving their share in revenues generated from the sale of data-based products. The whole idea has great appeal because of the authenticity of the data it is based on.
• Such raw data helps companies develop insights into customer behavior and device strategies for marketing, innovation, product design and research and development.
• The Biotron ecosystem relies on the smart contracts to promote transparency between users.

Pros

• The quality of data collected via Biotron is unmatchable.
• The same data can be used to create different data sets serving a variety of needs but with no compromise on validity.
• There are no transaction costs involved.
• Biotron application is simple, free and easy to use.
• The Biotron users have ready access to their wallet balance that shows the rewards in the form of this lucrative digital currency.
• Biotron users request data via a user-friendly interface. Afterwards, they are provided with data that falls in one of these categories: predictive, prescriptive, diagnostic and descriptive.
• This data can then be used for financial and marketing intelligence, insurance products design and marketing, healthcare analytics, psychographic hiring etc.

Cons

Since Biotron is relatively a new concept, it will take time to create a market and a user base.

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