The technology behind the Profede Professional Protocol is a distributed blockchain-based system, in which professionals are able to store their anonymous data and get paid in tokens for providing their information to businesses or other professionals who pay in tokens for the exchange. These tokens are called Professional Activity Tokens or PATO. Each time a user authorizes the exchange of data they will receive PATO in their pre-set amount.







Companies or professionals that contact users are willing and agree to pay the pre-determined amount of PATO. This ensures not only that users are added to the profit-equation but that the types of offers and opportunities that they receive are relevant. Also it enables companies to contact users directly eliminating a middleman and thus eliminating any intermediary costs that currently exist in the traditional approach to contacting new users.





"While we may not be able to control all that happens to us, let's start by taking control of our own data."

Rafael Garcia, CMO of Profede









What can I do as a user on Profede?







Professionals can receive offers, opportunities and proposals, while controlling their data and who they exchange data with. Users have the power to control their data, which parts of their data they want to be visible and which they don’t, who can contact them, how much they are willing to exchange their data for and get a feedback rating.



Businesses too can use Profede to contact others to offer jobs, opportunities, partnerships and more. Once the user has set the amount of PATO’s that they are willing to exchange their data for, the businesses or professionals decide whether they are willing to pay that price, and if they are they send a request for the exchange. If the contact accepts this request, the private data will be sent and the contact receives PATO. The storage and management of the data is done through blockchain.

"We're entering a new world in which data may be more important than software."

Tim O'Reilly







Can I use Profede on other apps?





As Profede is a decentralized protocol based on blockchain, all apps can be compatible with Profede. Profede has already signed an agreement with beBee, a collaborative social platform, with over 13M users as the first app to implement Profede’s protocol. Third parties can create software to access Profede. Profede will be an added value for apps.





Apps can create software to help both, professionals and businesses in accessing Profede’s blockchain. Apps are able to provide off-chain search capabilities, data analytics, professionals validation and other value added services.





Control will remain with professionals and can use as many platforms as they want and that are available to access Profede as they want to, and also they will be able to interact on Profede. The important thing is that control will always be with the user.









What actions can occur on Profede?





In Profede there are two key participants which are the professionals and the businesses. These parties can interact directly with one another or through a third participant which would be an app. These three participants are able to make four actions on Profede. These are:





Request

A request blocks the amount that the business has to pay to the contact for their data.

The total is taken from the business’ PATO wallet and added to a deposit wallet that is addressed with a key which is generated from the professional’s public key signed with the business’ private key. This ensures that this transaction will only take place once a response action is made by the contact.

Response

In order for the contact to receive the tokens they must respond to accept payment. When the contact responds their public-key that is signed with the business’ private key- will be generated and will then allow to transfer tokens from the deposit wallet where they are blocked to the professional's PATO wallet. If there is no money in the deposit wallet the transaction is rejected to protect the contact. The data is encrypted using a business public key inside the response to ensures that only the business private key account can access the professional’s private and contact data.





Feedback

A business can give a feedback rating to those they have purchased data of. The feedback rating is a positive +1 or -1 value to rate the contacts reliability. The feedback action includes the business’ public key signed with the professional's private key that enables the addition of the feedback to the blockchain.





No response

In case a business does not receive a response, the business can recover their PATO tokens. The business can simply recover the tokens from the deposit wallet where they are blocked.

Is there a video to demonstrate how Profede works?







Read more:

Profede - A 'Triple Win' ICO

Profede Surpases Its Soft Cap Target In First Days Of Pre-ICO

Want to learn more?

Profede - How it works

Token Sale Guidelines

Profede Roadmap

Profede White Paper

The Team at Profede