What is Protex?
Data runs the world. From analyzing financial trends to recommending a movie, it permeates all aspects of life. For years, databases and memory units have been used to store this data. Because of this, data has become highly centralized – living primarily in the databases of large corporations and governments. Over time, individuals have lost the ownership of their digital footprints, and the rights to its privacy. The existing structure has led to the monopolization of data, and has considerably decreased the privacy, security and anonymity of individuals.
The Protex platform builds on Ethereum’s idea of decentralization and smart contracts. By removing the need to store user data in vulnerable locations, Protex saves companies money, time and liability, while providing users significantly increased privacy, and a new stream of income. Protex is the future of exchanging data securely