Tilepay is a revolutionary platform that enables people to select the data produced by their Internet of Things (IoT) devices and decide if they want
Tilepay is a revolutionary platform that enables people to select the data produced by their Internet of Things (IoT) devices and decide if they want to share it. Tilepay gives its customers a choice on which data they want to make public and which one they want to keep for themselves. Moreover, users can sell the data on the platform and thus get paid for the information they produce. The name Tilepay is often used interchangeably with Tilecoin, the latter being a cryptocurrency used on the platform. The application is fully based on a decentralized blockchain and can be downloaded for free by anyone who wishes to protect their data.
Tilepay was founded by a Shawn Kennedy and Carole Duranleau, two people who have realised that technology can improve every aspect of our lives. The team’s mission is to give people back the control of their data and help customers earn from their own information. Under the slogan “Your data, your choice!” the team has created a platform that enables people to easily manage their personal information. On the marketplace of Tilepay IoT device owners can sell data to other people or companies and receive the money within minutes. The platform facilitates micropayments and eliminates unnecessary currency conversions.
Tilepay created a Tilecoin token whose total number is 100 million coins. They cannot be mined but they can easily be purchased or traded on large cryptocurrency exchange markets such as Bter.com or Bittrex.com. Users can receive money remaining fully anonymous and can decide on which information should be visible and which not. In fact, IoT customers usually create a pseudonym under which they can sell securely. Companies that wish to buy data can only view the device type and model plus the information that the owner of the device has made public. Additionally, Tilepay offers the possibility to encrypt the data and upload it to a distributed cloud. As a result, the information does not occupy any storage space and is still fully protected.
Next to the maintenance of the platform, Tilepay is also dedicated to working with independent organisations and companies. Examples of such ones are Moj.io and SleepProX. The first one is a driving analytics platform and application that gives customers a real time information about their vehicle. SleepProX produces smart pillows and beds which receive data while you sleep and can even call an ambulance for you. Tilepay is always open to the latest technological innovations. It is another one of the numerous blockchain based platforms that revolutionise our lives.