Biotron: personal data analytics platform
Fully transparent personal data analytics platform on blockchain
BIOTRON FOUNDATION established.
Pavol’s expertise is turning data into products and developing new revenue streams as he notably did within Sygic for more than 6 years. He creates value from both green-field and late-stage products. He has managed teams from 3 to 60 members and worked within sectors such as IT, telecommunications, and FMCG. His experience includes brands such as Dell, Motorola, Henkel, Heineken, Siemens, and many more.
Co-founder & CMO
Peter brings over 10 years of entrepreneurial spirit and online marketing expertise, including the successful exit from his own agency, Tarantula. He joined the blockchain startup DECENT, serving alongside the co-founders as Head of Marketing, and most recently led the ITE team for SophiaTX which raised nearly USD 23 million in December 2017.
Martin is a business professional with a history of delivering products, projects, and goals. After more than 9 years in digital and software development in various companies including Avast, AVG, and General Motors, he became captivated by the startup company DECENT, where he led product development.
Head of Business Development
Pierre joined the team from day one benefiting from his international business development experience gained while working with the company builder and investment company NOVA Founders. He also co-founded two entrepreneurial projects and he is an avid enthusiast of the crypto market.
Blockchain & Solutions Engineer
Marian's first IT endeavours began in the second grade when he started programming in Pascal, Basic, and Borland C. As a teenager, he built and repaired custom PC setups and reinstalled Windows. During his Masters and PhD program, he conducted research in 4 Universities: mainly at the Slovak University of Technology, ENSIC INPL in Nancy (MSc), EPFL in Lausanne (PhD) and McMaster in Hamilton (PhD). As a software designer and developer, he became familiar with blockchain technology by working on several projects that required security, distribution, and redundancy of data. Since then, he has worked on concept proofing, mining on multi-GPU setups, and on further exploration of the blockchain technology.
Lubomir is an experienced auditor in asset management and financial services with a demonstrated track record in banking, insurance, pensions, asset management, oil & gas, and external auditing processes. He is skilled in enterprise risk management, fund management, treasury, and data driven auditing. Lubomir holds a PhD. focused in internal audit from Paneuropean University. He is passionate about capital markets, blockchain, cryptocurrencies, and technology.
Before joining the blockchain world, Milan spent 13 years in the strategy consultancy division of KPMG, specializing in global corporate strategy, corporate governance and operational excellence. He headed a highly exposed department dealing with new strategic initiatives, marketing and product strategies, innovative ways to approach customers, revenue assurance models and corporate culture setups to boost overall HR effectiveness. Milan is now fascinated by blockchain and is actively looking at industries and use cases where this technology can be used to for both corporate and personal benefit, such as the area of personal data management. Milan holds an MBA degree from the City University of Seattle, is certified in a number of project management and operational excellence approaches, and further improves his qualification in a PhD. program centered around corporate process performance. In addition to traveling and various sports, he has found passion in flying and holds a pilot license for sport aircraft.
Igor is an entrepreneur and online business developer. He co-founded theweb hosting and cloud company Webglobe and is the CEO of Webglobe-Yegon. In 1999, while still a student at theUniversity of Economics in Bratislava, he began creating websites for clients. Soon after, Igor focused solely on providing web hosting services and Webglobe was born. It was the first web hosting company in Slovakia that integrated a professional cloud solution. In 2014,Webglobepartnered with Yegon and nowWebglobe-Yegon is one of the biggest web hosting companies in Central Europe. Igor is responsiblefor the strategic management of the business, focusing on product and business development, and marketing. He is passionate about sharing his experience through consulting and advisory services to a variety of technology brands.
Cost of the token1 token for 0.1 Euro
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The project is really good and worth attention. It solves quite serious problems. Analytics of user visit data is important for appropriate advertising of products.
Risks and disadvantages
This project raises the old question of user data safety, the confidentiality of these data, and reliable organization of the system for transferring accumulated data. In general, most of the security issues is in question.
The team offers an interesting and necessary solution for the online trade market. The project can undoubtedly be successful, if it would observe the rules for the safety of user data, their Internet history and other similar information.
The team is remarkable The project accepts a number of cryptocurrencies which will influence its growth. Biotron provides data safety which promotes privacy. This system can also help determine market trends by industrial producers. Internet users get to benefit from data accumulated on their devices. The traffic statistics are promising.
Risks and disadvantages
Its not the the first in the market their is competion from applications like Dtawallet.
The initiative is brilliant, i think users need control over their data and be the ones to determine who receives it. This will encourage more individuals to engage in activities like online transacting and digital currency, in a nut shell the project is addressing a key issue, its success is visible.
Who are the team behind Biotron?
The idea of Biotron was created by Peter Dendis (CMO) and Martin Smolka (COO), former Decent executives. Pavol Magic was invited to be CEO thanks to his extensive experience developing and monetising data- based at Sygic, the world's leading location-based services company with millions of users worldwide.
What are the main challenges when in monetising data?
Firstly, transparency and privacy. The market is flooded with datasets generated from the personal information of people who often have no idea their data is being used, let alone how it is used or where it goes. These datasets are licensed by data resellers and brokers that have little regard for where the data comes from or where it goes. With the incoming GDPR this is a potential legal minefield for resellers and their customers. Biotron eliminates any issues with privacy and transparency thanks to express user permissions, pseudonymisation, and blockchain-based transactions.
Secondly, customers need to be able to rely on the analytics and data they purchase. Without accuracy, these analytics are worthless. High-quality raw data is essential for high-quality products. ost of the datasets currently being sold on the market have an accuracy rate of only 50 to 60% becuase the data is rarely first-hand and is often passed through several intermediaries. Purchasers of these products are having their time and resources wasted. Biotron raw data flows directly from the source to our warehouses without interference.
Why has Biotron decided to use blockchain technology?
Transparency is the main problem Biotron is solving in the personal data processing ecosystem. To achieve transparency of transactions and data usage, Biotron uses a public ledger within a blockchain. The ledger has to be publicly available so everyone can see how transparently their data has contributed to analytics products. The smart contract is also publicly available to ensure transparency of compensation distribution to individuals depending on their data usage within an analysis. Complete details are in our White Paper.
At what stage of development are the Biotron browser extension and mobile app?
Prototypes are on the way! Please join our communities and sign up at homepage for the most regular development updates.
Have any commercial partnerships been established yet?
Yes! We can’t disclose anything yet but our business development is already well underway.
How Biotron is superior to Datawallet or Datum?
Both Datum and Datawallet are just simple data exchanges, so their "product" is raw data as it is collected. Biotron is primarily an analytics company providing analytics products (location intelligence in the first phase). Raw data has a much lower value than comprehensive analytics so we're able to provide higher returns to our users.
What will be the first product use case for Biotron?
Location intelligence products targeted to customers in Western Europe (tier 1) and the US (tier 2). Other use cases will follow shortly after.
Will Biotron also collect and analyse data from IOT devices?
The upcoming GDPR is likely to have a huge impact on how businesses handle data, how will it affect Biotron?
GDPR is actually a great opportunity for us, as Biotron will be GDPR compliant right from day one. We’ll have users’ express permissions on any dataset they contribute to, as this is our core business.
What do you consider Biotron’s greatest achievement within the past 6 months?
The team we were able to onboard. Our combined experience and knowledge is vast and covers many industries. The initial investment we received was incredibly helpful too!