DataBloc ICO Review





About DataBloc

The authors introduce DataBloc, the first
enterprise grade sharing economy for data storage and services. The
DataBloc platform is a web platform that seamlessly and securely
connects service providers and enterprise customers. The DataBloc
software, also known as StoneFusion, will be a 9th generation
permission-based blockchain solution developed by StoneFly, a
well-established data services company based in Silicon Valley. The
software supports various data services and storage types, and offers
enterprise-quality data optimization, availability, accessibility,
security, and protection.


Service providers download StoneFusion and list their available
services on the DataBloc web platform. Enterprise and public customers
enter their storage needs and which data services they require.
Customers then select accommodating providers from a curated list and
purchase services directly on the web platform. DataBloc is the first
solution where enterprise-quality service providers can download a
software that allows them to sell excess data storage and services over
the internet, without customer acquisition costs—all within a secure
blockchain framework.


The amount of usable data is growing exponentially alongside
advancements in Artificial Intelligence, Social Networks, Machine
Learning, and the Internet of Things. Surprisingly, less than 50% of all
data storage capacity is being utilized. Centralized data service
providers have inefficient businesses models and lack security. Fully
decentralized models improve security, but since anyone can act as a
service provider, users lack transparency as to who is holding their
data, creating significant adoption friction. However, a permissioned
blockchain offers a logical middle-ground solution where users benefit
from the security of the blockchain while maintaining transparency as to
who is holding their data.


The current version of StoneFusion is being transitioned to a
permissioned blockchain solution. Smart contracts on the Ethereum
blockchain will govern all transactions on the DataBloc platform. Stone
(ticker: STONE) is the utility token used to buy and sell services on
the DataBloc platform. Royalty Bloc (ticker: RBC) is the security token
that earns a real-time royalty on the revenue generated by the DataBloc
platform. Both STONE and RBC are ERC-20 protocol tokens and have a fixed
supply. To raise growth capital and distribute the tokens, DataBloc is
selling STONE in a private sale followed by a public sale. After the
STONE public sale, RBC will be sold in a Royalty Token Offering.

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