What is Datafund?
Datafund project is a protocol and a distributed application (dApp) that guards personal data, provides safe storage and enables provable personal data exchange. Information is shared anonymized or on a need-to-know basis according to an agreement between exchanging parties.
As Datafund is a European based project (with global ambitions), it will be compliant with a new regulative in the EU that protects individuals — the General Data Protection Regulation (GDPR).
The processing of personal data should be designed to serve mankind. Because of that we are embracing GDPR as it is one of the strictest privacy protection regulations globally that provides the path for individuals to reclaim their data. Moreover, once Datafund protocol is GDPR compliant, we estimate that other jurisdictions are quite easy to legally satisfy.
Only a decentralized solution puts the individual into control of her data while allowing censorship-proof exchange of data without intermediaries. Moreover, applying blockchain technology allows for creation of an “individual-centric” process that allows for unprecedented economic efficiency for all parties involved. Datafund protocol is built on Ethereum and Swarm with the intent to be blockchain and technology agnostic as much as needed.