Social Reality Inc (NASDAQ:SRAX) issued detailed development plans of the firm’s blockchain identification graph technology named as BIG Platform. The firm has posted complete details on www.bigtoken.com. The 55-page White Paper showcases the plan for what is anticipated to be the initial customer-powered verified data distribution and management system, when fully advanced. With this system, folks can sell and own their data.
Christopher Miglino, the CEO and Chairman of Social Reality, expressed that establishing the tolls to reveal the value of data, they posted detailed plans for their BIG Platform. This is a notable milestone in their initiatives to be the first publicly-traded firm to offer a secure blockchain base, token reward, as well as open source governance structure for customer data. A major element of the BIG Platform will mark as their digital token named BIGtoken, which they plan to enroll with the SEC. As such, they consider the BIG Platform will be positioned strongly to run in a regulated setting.
Through the BIG Platform, customers will claim their data and be paid for it when it’s bought. The BIG Platform will allow the clear exchange of verified digital identity and customer data. For the first time customers will be in a position to interact directly in this procedure.
Kristoffer Nelson, the COO of Social Reality, expressed that by participating, customers will be remunerated with a digital token named BIGtoken, for verifying and sharing their data. Media firms and developers will be able to establish social networks, web destinations and utilities besides the BIG Platform to support data purchases or sales with the complete awareness of customers.
They consider they are solving a consumer and commercial problem, and their BIGtoken provides increased validity to the token market and blockchain technology. Social Reality is a data management and digital marketing platform offering the tools to reveal and reach valuable audiences.