Barrel Protocol is a data marketplace.
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What is Barrel Protocol
Barrel Protocol Overview
Barrel protocol aims to become the infrastructure that will facilitate a free-flowing and compliant data economy. Using the blockchain and smart contracts, Barrel automatically verifies that data is completely clean from any PII, ensuring data compliance, privacy, and security. After the data has been verified, it is sealed and certified by the Barrel Protocol.
In addition, through consensus-driven approach, the Barrel protocol creates regulatory-compliant data exchange standards, including definition of data schemas and formats for every participating data type.
The protocol focuses on the verification and the certification of the data, not the cleaning of the data or the trading of the data between alternative data companies and their clients. The protocol in itself is the foundation upon which developers can build specific data marketplaces, data exchanges, and through which alternative data companies can prove to their clients that their data is clean from any PII, using objective and unbiased technology to prove their claim.
The Eco-system Players
The Barrel protocol empowers an eco-system for the distribution of privacy-compliant data. This eco-system includes the following players:
Token infoTicker: BRN
Token price in USD: 1 BRN = 0.05 USD
Accepted currencies: ETH
20% Long-term foundation Budget
15% Community Grants, Partnerships and Bounties
15% Team, Advisors, Early Investors
40% Software Development
20% Barrel Reserve
12% Marketing and Business Development
10% Seeding Refineries and Smart Contract Development
8% Operational Expense
5% Legal Expenses
5% Misc and Unexpected