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Bringing the ownership of and control over personal data back to data subjects. The MCC’s user consent platform enables a data subject to exercise the full ownership and control over his/her personal data. With this unique feature, an individual can easily manage their own data and receive a fair compensation from the data consumer.
MyCreditChain builds a marketplace where corporations can get a proper access to most up-to date and accurate data. Corporations can get hands on massive potential consumer data in the MCC Ecosystem. The data provided within the ecosystem is in scope and depth unseen before because individuals are willing to reveal their own preferences, the most effective and wanted marketing tool for corporations, due to the MyCreditChain’s incentive mechanism.
Secured personal and credit data handling and management. The data handled in the MyCreditChain ecosystem will be encrypted and stored in a distributed database. The data will be kept secure since there is no centralized platform to be hacked, and it is automatically deleted after the data is being used.
Trust Data will be produced within the MyCreditChain ecosystem. MyCreditChain aims to produce Trust Data, which provides a multi-dimensional depiction of an individual’s trustworthiness. Trust Data can be used in not only the financial sector, but in every industry that looks for a means to have a deeper understanding of customers’ social and economic value. It will unlock the limitations of traditional credit rating models.
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