MDT is a token of a decentralized data exchange ecosystem. Since nowadays almost everyone is producing some sort of data, it is highly important to be able to control it. Measurable Data Token (MDT) provides this opportunity and, moreover, allows users to monetize their data. The main idea of the service is to connect data providers with data buyers and evaluate circulating data.
MDT is an ERC20 token, built on the Ethereum Blockchain. It serves as a utility of the ecosystem. As it is said in a white paper, the MDT token was created only as a part of the ecosystem, and it is not supposed to give any extra rights or to have value outside of the ecosystem. The only function of this token is to denominate a value of data.
Now people are aware of the fact that all the companies collect users’ data. Most of the time users voluntarily allow this to happen, it is not a secret. However, usually, they have no idea how the collected data is applied. The first use-case that comes to mind is advertising, which became less successful with the development of ad-blockers. In the existing system it seems that the only party that benefits from the process is data collectors. This is where the idea that users can also benefit from this comes from. Measurable Data Token unites data providers, users, and data collectors into one system, equally beneficial for all the parties involved.
The project was founded in 2017 by Heatherm Huang in Singapore. Since then the team has grown significantly and is in a constant search for new talented employees.
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