Big Data Protocol
Crypto Overview
Overview
Big Data Protocol (BDP) is a decentralized data marketplace launched in 2021. The protocol aims to tokenize commercially valuable data through a standardized framework, making it tradeable through pools and a data token exchange mechanism.
Purpose and Utility
The primary purpose of BDP is to create a marketplace for data assets, where data providers can tokenize their datasets and traders can purchase access to this data. The BDP token serves as the governance token for the protocol and provides voting rights on protocol decisions.
Business Model Analysis
The business model revolves around facilitating the exchange of valuable data assets. Data providers can monetize their datasets while maintaining control over their data, and users can purchase access to these datasets using the protocol's native tokens. This model appears to be transparent and does not inherently involve any prohibited activities.
Development and Adoption
The project's development activity appears to have significantly decreased since its launch in 2021. The official website (bigdataprotocol.com) is no longer accessible, and there has been minimal recent development activity on their GitHub repository.
Token Distribution
The initial token distribution included allocations for liquidity mining, team members, and early investors. Specific details about vesting schedules and current token distribution are not readily available due to the project's diminished online presence.
Crypto Impact
To assign a comfort level investing in Big Data Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Big Data Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.