MADANA, the marketplace for Data Analysis, is a blockchain stage from Germany that defends your confidentiality and makes your concepts work for you.
Their copyright-pending bionetwork eases privacy-preserving data investigation that is a major breakthrough in information science. Their PAX token Pre-Sale will formally begin on September 1st, 2018 12:00 UTC+2.
MADANA is the first major project using the Lisk Blockchain platform. This marks a landmark in the new token sale record since the majority of token sales were carried out on the Ethereum Blockchain.
J.-Fabian Wenisch, MADANA Co-Founder and CTO, says: “We are building an open platform to enable anybody to participate in our marketplace for data analysis. By sharing only analysis results and no raw data, data producers always stay in full control of their data. Further, smart contracts create trust between the participants and ensure that an analysis can only be conducted, when every participant gets a fair share for their contribution. Meaning you can monetize your data without actually giving it away. This is great for individuals, but also enables new services and business models in a GDPR-compliant way.”
To facilitate extra people to take part in the Pre-Sale, MADANA placed the minimum sum at just 100 Euro. As a result, MADANA can get to a superior level of decentralization than projects, which permit only larger shareholders to be included in the Pre-Sale.
The accepted currencies include BTC, ETH, and LSK.
Christian Junger, MADANA Co-Founder and CEO, said, “We worked hard to run our token sale completely under German law. This has major legal implications but provides additional trust to our investors. We want to build a long-term blockchain company in Germany, that brings privacy back to data producers. To make this happen, we have a dedicated team, work with well-known partners, such as Capgemini, and experienced advisors, such as Max Kordek the founder of Lisk.”
Hannah Weber is a seasoned journalist with nearly 10 years experience. While studying journalism at FernUniversität Hagen, Hannah found a passion for finding engaging stories. As a contributor to Deutch News, Hannah mostly covers human interest pieces.