PikcioChain ICO – Blockchain Data Exchange

The group at Pikciochain are bringing data as an asset class to the blockchain to give control back to people and assist companies increase their effectiveness.
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Disclaimer: Everything expressed here is my opinion and not main financial investment suggestions – please do your own research study before risking your own money!

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3 replies on “PikcioChain ICO – Blockchain Data Exchange”

Q) Can we delete the data with private key for right to forget ??


Great question, allow us to explain right here:

As to the removal of data and the “right to forget”, there are basically three parts to the data:
the raw data itself, the [validation] hash of the data, the user information (user id)

Data is stored locally on the data owner’s device and on any trusted nodes that the user gave permission to to store it.
The user id information is created by and stored in the TIS, which is created and stored locally on a users’ device.

The data is not stored on the blockchain.
The [validation] hashes are stored on the blockchain.
The user id information are not stored on the blockchain.

When a user wants to remove data then they can simply remove the data from their device and instruct trusted nodes to do the same.
The [validation] hash on the blockchain cannot be removed, as this is an immutable ledger.
The user id information is stored locally and can be removed.

So what happens is that the hashes will remain on the blockchain, however they are not tied to any actual data anymore, nor are they tied to any existing users. So they’re just hashes without any ties or references and so the certificaion is useless and do not represent anything anymore.

GPDR talks about traceability over time and this traceability is exactly what is removed once both the data and the user id are removed

You’ve nearly twisted my arm to buy into this project. I’m still slightly on the fence. I think the ICO price is a little too high. Probably going to wait until it hits exchanges.

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