Data, its most important assets now a days. Almost all companies, organization are behind (personal) data. Social media site collects data, personal information about your day to day activities or what you do on daily basis and use it AI for sell it to other who needs it for development. One of the biggest giant search engines collects information about the activities, his/her internet search or the places he or she visits, but what they do with this data? They use it for AI as well as showing related ads to you. These social media sites, as well search engine gets revenue from the advertisement. And users will not be interested in any ads, so to show ads related to what users looking for, they need this data. And it can be used for many other purposes. I just heard that this giant search engine is developing AI which can predict what a person is going to in next few hours. Its like predicting the future about a person. Is its rally possible? I think, it may not be 100% perfect prediction, but very close to 100% and for that this company will be collecting very minor details of yours. Do we realize, how annoying this could be? Its like someone contently keeping eye on you.

Many people might be okay with this as long as they find it useful or interesting, but in many cases, we would like to restrict usage of our personal data or our activities, pictures, documents, getting shared with others. We definitely want to control the thinks which we are sharing or using over the internet.

Covalent team has been working on to build the world first Blockchain based solution to data privacy and trade issues. The existing Internet protocol suite provides end-to-end data communication specifying how data should be packetized, addressed, transmitted, routed, and received. However, it does not specify how data should be used. A successful data usage control would need to regulate what happens to data in the future after access is granted. Covalent team is building an internet protocol that will allow you to set the smart policies which will help you in controlling your data. It will help you to specify and enforces how data should be used. Till now our data was either blocked with the help of privacy policy or it made available to everyone once we agree to share. There was hardly any option of sharing data with specific, limited number of people or at sites, or for limited time frame. But now this can be done with the help of Covalent smart policies. Now you will not lose control of your data even after sharing online.

150MM COVA Buy-Back Program

Covalent announced its “150MM COVA Buy-Back Program”. The buy-back program will be done in three 3 phases. Phase One will start immediately. Covalent will be buying back at least 50 million COVA tokens from secondary market within 5 days. These tokens will be used to set up the COVA DApp Ecosystem Fund and will be stored in a publicly announced address at the end of Phase One.

According to the COVA Management Team, Phase One signifies the launch of the COVA DApp Ecosystem. The pace of Dapp development based on the Covalent Protocol has exceeded all expectations, and a few Mobile DApps will be available for downloads in early 2019

Majority of the funding from the second phase of buyback will be used towards incentivizing DApp development teams and towards Airdrops campaigns for driving DApp adoption. Detailed plans for Phase Two and Three of the 150MM COVA Buy-Back Program will be announced at appropriate times through official channels.

More information about the project is available at their official channels.

Website: http://www.covalent.ai

Telegram: https://t.me/covalentofficial

Twitter: https://twitter.com/covatoken

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

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

Github: https://github.com/covalent-hq/wiki/wiki