Pikcio, or Pikciochain as it is known by some, states that it is able to provide a completely secure blockchain approach when it comes to handling all of your personal data that is online. Clearly, they are not going to be the only people that have made this kind of claim, so before investing in their ICO it will be useful to examine what they are offering in a bit more detail to help you in making your decision.
The Basics of Pikcio.
The creators state that they are offering a specialist platform that focuses on exchanging and collecting data. Not only that but they also say that the data that is collected is also certified and their overall intention is also very clear as to the role that the cryptocurrency is going to play.
Their aim is to provide users with a stable and secure platform that is going to allow them to trade data services, and there are two potential routes for you to go with these being PikcioPro and PikcioMe.
The pro version is primarily aimed at companies that focus on providing different services that deal with data of customers that has been collected. For PikcioMe, the user will be able to access their data or be rewarded with tokens for providing access to their data via selling it or certifying the data that they have already placed on the platform.
The platform also allows individuals to decide what information they plan on sharing and who is given access to it. The data is also stored securely on the platform thanks to the way in which the blockchain cannot be altered or tampered with in any way.
The Technical Aspect of Pikcio.
When it comes to the technical side of things, then this cryptocurrency is largely no different to the majority of digital currencies that are out there on the market. You simply need to view what they are offering as being a digital marketplace where data is bought and sold, so you will be able to get a better idea of how the entire platform is going to operate.
The company offers a decentralized network which gives the power of controlling data in the hands of the individuals that own it. Each user downloads the PikcioMe application with that then operating as a server for the data. The fact that no data is held at a central source is what makes it different to some of the other options out there, and it is that part that then provides the individual with the control.
The way in which it works is as follows. The user has data available for sale with companies being aware of the data that is out there. A company wishes to use that data so places a request on the blockchain. The user responds and there is an exchange of tokens in place of the data in order to complete the process.
As we said earlier, it is basically a marketplace with an exchange of goods.
The Advantages of Pikcio.
The Pikciochain is the technology behind the blockchain, and it is able to process thousands of transactions every single time. Some other cryptocurrencies also appear to have issues with the speed at which transactions can be made, but this doesn’t appear to be the case with this version.
The fact that you have a say in who gains access to your data, and are then rewarded for it via a payment, is also a huge advantage. Companies have been making a fortune for years from selling data so now that reward is being given back to the owners.
Aside from that, the fact that the blockchain works against fraud and that the individual, or company, has to have the tokens in place to get access to the data means that the user can feel safe in what they are doing. Also, it is built on the Neo platform, which brings with it a long list of benefits including general stability as well as the option to scale things up quite considerably. This also has the added benefit that it should help to attract Chinese investors as the platform grows.
The Financial Aspect and the ICO.
When it comes to the financial side of things and the ICO, we see that the company is accepting several options to obtain tokens as your investment. Both NEO and ETH are accepted as are a number of Fiat currencies and you will receive 150PKC for 1NEO. However, if you plan on purchasing with ETH, then you will receive 1050PKC for 1ETH.
Also, there is a hard cap in place which has been set at 25,000,000 EUR which makes sense as the currency since the cryptocurrency itself is based in Switzerland. The company also offers time related bonuses which decrease as the ICO passes.
Conclusion on Pikcio and the ICO.
Overall, if you place value on data and the fact that we should be able to benefit from it rather than allowing other companies to do the same, then this is a cryptocurrency and personal data platform that is able to offer a good service. However, they are not the only ones out there doing this, so do keep that in mind at all times.
The ICO has not set too high a target, and it is quite good that they do also accept NEO as a payment as that is often set to one side for other similar projects when there is no reason for this to happen.
The only other thing to think about is that there is a feeling you are not going to really use this token for trading but rather it will generally be used to purchase services within the platform itself. This may very well put some people off the investment opportunity, but then they do plan on being listed on various exchanges in the not too distant future, so there will certainly be the option to cash out into another digital currency or fiat currency. However, if you want to take advantage of your personal data, then this is certainly a good platform upon which you will be able to do just that.
Check out further details of the project on their website and in their whitepaper.