Most companies and a few internet users have come to realize that the world most valuable resource is no longer oil, but Data. As we keep connecting thanks to the internet, we leave behind Data footprints which keeps building up. Data privacy rules have been loose, making our Data privacy at risk of being misused. An example is where a city companies would pool data from several departments to reward and punish 22 million citizens based on their actions.

Within the most recent couple of years alone, we've seen various prominent stories of Data privacy breach. Facebook/California Analytica controversy Started the data management scrutiny for tech companies and advertisers by exposing the records of 50 million clients, then there was Equifax Data breach that may have affected 143 million in the U.S. and the standout amongst the most critical breaches yet is the Yahoo Data breach that is said to have influenced 3 billion clients. These marked the flipping of a switch and a new age of awareness for internet users and companies who want to retain good-will with their audiences.

Data privacy and Cybersecurity simultaneously has become two of the most important topics to most internet users and modern companies. The solution could be a smart internet protocol that puts the user in control of personal Data and allows modern companies who are Data consumers to create high-quality user experience while adhering to Data privacy rules.

COVALENT a Privacy-Protected Data network thinks ‘’Data is the new oil’’. COVA is a smart contract where Data can be used as capital. With no infrastructure to control how data can be traded or used, COVA becomes the only solution where Data owners can still control how data is used even after access has been granted.

COVALENT PROTOCOL

Covalent team plans to open up a Data market for Data previously locked up by creating a Smart Internet Protocol. They propose a privacy-preserving data utilization protocol that would use a Trusted Execution Environment(TEE) as an immediate design and a later design of Homomorphic encryption (FHE) - Zero Knowledge Proof (ZKP). This allows users to set up a Data usage policy for their private Data by replacing https:// of your URL with COVA://.

COVA would be the token for transactions on Covalent Smart Internet Protocol. Recently, COVA tokens would be listed on HUOBI, a Top 3 Exchange by volume. This comes after COVA won the Phase II HUOBI NEXT voting competition together with LAMBDA.





In conclusion, while data security feels like a buzz for everyone at this time, its effects will be felt over time. As we continue to learn about the power of data through the internet, COVA:// provides the trust, an element that we need to survive. It enables Data owners to create Data privacy rules, transparent computation, define property rights for Data and some other applications that haven’t been conceived yet to ensure complete Data privacy while being useful in designing Smart internet and healthy research purposes.



Here are some helpful links for more information on COVA;

Telegram Group: https://t.me/covalentofficial

Telegram Announcements: https://t.me/covaofficial

Twitter: https://twitter.com/@covatoken

Medium: https://medium.com/@covatoken

Reddit: https://www.reddit.com/r/Covalent_Official/

