The YourBlock personal digital filing cabinet will give the consumer much needed peace of mind and assurance by putting personal data back into the control of the individual. With the General Data Protection Regulation (GDPR) coming into force in May 2018, the YourBlock platform will provide a solution to allow for compliance to Service Providers, the significance of this change should not be underestimated. While consumers will input and manage their own data, Service Providers will upload details of plans and offers, with YourBlock operating as a two-sided piece of technology, connecting both parties through transparency and trust, using Blockchain technology. With Service Providers inputting information, consumers will be able to directly renew, modify or cancel plans and receive tailored quotes specific to their needs, cutting out the middle man (price comparison websites). By participating within the platform, there will be a fundamental change in relationship with the consumer, empowering them to shop for insurance and utilities by being in control of their data and rewarded for doing so. This new ‘privacy bank’ will also close the gap on the collection of personally identifiable information (PII), which has been a serious issue with information phished on the internet, leading at times to identity theft. Zero personal data will be sold to third parties, minimising unwanted third party marketing calls, e-mails and SMS.
A fully Secure and Private Blockchain based Digital Filing Cabinet which enables the consumer to securely store, control and manage their data.
PrivacyPrivate Blockchain, linked to Public Blockchain.
Consumer ControlProviding the consumer secure access to quotes for products and services, if and when the consumer wants.
YBK TokensUsed for discounts on products and services, and awarded upon completion of transactions.
Built For BusinessOffering service providers a secure platform to upload their pricing and underwriting matrix.
Smart ContractsSmart contracts between the consumer and service providers completed on the Blockchain, achieving immutability and data integrity.
Data IntegrityProvides up to date and accurate information to service providers/suppliers. Allowing them to quote with a higher level of accuracy and lower risk factor.