YourBlock ICO Review: Digital Filing

What is YourBlock?

yourblock ico reviewYourBlock is a personal digital filing cabinet. It allows users to upload personal information such as identification documents, automobile papers, travel documents, passwords and usernames, medical records, and any other information that they don’t want the rest of the world to know about.

It stores all of these documents in a safe and secure location that neither hackers or third parties will be able to access. If third parties wish to access your data, they must first request special access to your filing cabinet, where they may view this data, but will not be allowed to edit, copy, or remove anything without your consent.

Aspects

  • Filtered sharing: Users will still be able to share data with third parties, but will have full control over the access that the third party has to their information.
  • Safe and secure: Using blockchain security protocol, all of your private data will be will be kept in a secure digital filing cabinet that won’t be accessible by hackers.
  • Empowering the individual: People will be in control of their own data and won’t have to worry about third parties trading their personal information without their knowledge.

What Issue Does it Solve?

Have you ever had a bunch of phone calls from various companies who are trying to sell you something? Did you ever wonder how they got your phone number, figured out your address, or know what car you drive? The answer is that your personal data is being sold and traded on the internet as you’re reading this article right now.

The companies that you entrusted with you information were either irresponsible with it or outright gave it away to other companies so that they can market to you. It represents a complete breach of trust and security. The worst part is that you may never know exactly which company is responsible for losing or trading your information.

YourBlock seeks to change this by securing all of your private data and putting access to that data back into your hands. If a company requires your personal details, they must specially request access to each of the documents, and may not remove, edit, or copy anything from the digital filing cabinet.

Token Sale Information

Disclaimer: All information on this post is made to educate our readers. Don’t invest in any ICO unless you’re confident about its capabilities and do so at your own risk.

Positives
  • Safe: Using blockchain security is one of the best ways to protect what matters most to you.
  • Innovative Product: There aren’t too many other companies who are trying to do this right now.

Negatives
  • It May Be Too Late: With all of your personal data already in the wrong hands, it may be too late to re secure it. Future generations could greatly benefit however.
  • Sizing Issues: Will YourBlock be able to generate enough users to make them a profitable company?

YourBlock
2.4

Summary

YourBlock is providing a very good solution to all of the massive problem of data leakage. The only problem is that it may be too late for our current generation because of the massive amount of personal data that is already in the wrong hands.
However, it provides a great way to secure the future generation’s material. If users begin storing all of their children’s personal details in the digital filing cabinet, then by the time that they come of age, they won’t have to worry about their details being compromised.
As far as the return on investment goes, this ICO seems rather unsure. The value of YDK depends on the mass adoption of YourBlock. If they can gain market traction throughout the United States and Europe, then investors could see a huge return.

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Adam Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

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