Its common now that many websites are collecting user data and using it for commercial use/selling to others for financial gains. Some big companies collecting data such as what we are searching on internet and using it for developing AI. Just recently I was checking information about one popular video camera product, and within few mins many ads from e-commerce sites started showing at my email page. Even I got pop-up on my mobile app showing some deals on that product. Sometimes we like such thigs. But many times, it gives us nightmare. Because we know, whatever we do on the internet many companies are keeping eye on that and stealing /sharing the personal data. If you try to share some picture or any information with only specific people, it’s not guaranteed that it will be kept limited to those people only. Almost all the services on the internet are free, that’s just for saying. I mean you don’t need to pay money for using online services, but you do pay cost by allowing these companies using personal data.

Until now we had no option to stop or add limit usage of our data, but now it seems that within next few years we might be able to protect our data. We might be able to restrict the usage of our data. We can define who and how our data will be used or shared. We can decide if our card transaction details will be stored at the site or will be removed immediately after the transaction is completed. COVA team came up with smart policies where user will have full control over their data, user will be able to decide who and how long their data should be used. Covalent is a new addition to the Internet protocol suite that specifies and enforces how da-ta should be used. Under the Covalent protocol, data carries a “smart policy” and these policies will be user defined. It is a new addition to the internet protocol suite that will help in building a secure and trusted internet for end users. Data will be securely transferred from end to other end over the internet.

Covalent protocol (COVA) is implemented with 7 layers.

1. Data Owner: dApp and data storage

2. Data catalog blockchain

3. A pool of routing nodes and compute nodes

4. Threshold encrypted secret storage on routing nodes

5. Smart Policy Enforcer: Centrifuge and CovaVM running on TEE nodes

6. Market Economy: Payments and incentives

7. Data User Interface

We or the end users don’t need to worry about all these 7 layers, like any protocol such as HTTP or FTP, end users would only need to familiarize themselves with layer 1 or 7 of this protocol. First layer which is dApp and data storage layer, it enables the data owners to process, encode, and encrypt the data offline in the security of their own personal computers. Then the data is encoded into Covalent Smart Data format. Here data owner will be specifying the permission or policies like share this information after only specific date and time with only 15 peoples.

COVA is partnering with several institutions such as hospitals and financial institutions. The best thing for end user is, now they can control their data and possibly can sell data to medical research institutes or anyone who need the data for developing AI or any services.

On 21st December Cova listed at one of the world’s largest crypto exchanges, Houbi Global as well as at BitMax, which is a global exchange of digital asset founded by Wall Street veterans. Cova token is currently trading at $0.002227.

Follow COVA’s Official Telegram Group: https://t.me/covalentofficial

Follow COVA’s twitter: https://twitter.com/@covatoken

Follow COVA’s Medium: https://medium.com/@covatoken

Learn more about COVA on our website: https://covalent.ai

Read COVA’s white paper: https://github.com/covalent-hq/wiki/wiki