GeoDB AMA Recap
CryptoDiffer team
Hello, everyone!
We are glad to meet here
Louis Gelado CEO and Co-Founder at GeoDB
Luis Gelado CEO and Co-Founder at GeoDB
Hello!
Great to be here!
CryptoDiffer team
Pleasure to have you with us today, let`s start from intro questions!
Q1: Can you tell us what you did before crypto, how you got into crypto, and if you’ve had any other venture in crypto previous to being involved with GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
Hi everyone! To start up with I wanted to thanks CryptoDiffer Community for giving me and my team the opportunity to be here today with all of you. I am very happy to share GeoDB with all of you and I hope we can answer as many questions as possible.
Just to remind you all, you need to join our official Telegram Group (https://t.me/GeoDBgroup) and our Twitter account (https://twitter.com/GeoDataBlock) to participate in today’s prizes! Good luck to everyone!
I present myself. My name is Luis, I come from Spain, although I’ve been traveling around the world my whole life, and during the last 12 years I have been focused on building tech companies. Business student back in college in one of the best business schools in Europe, worked for Deloitte for one year after university and since then I have been a serial entrepreneur. I have built several tech companies, like WLT (www.wavelt.com), managed teams of 30+ people, and raised more than 10m$ in private funding for several startups.
My greatest passion is to build meaningful things and since 2018 I am fully focused on GeoDB, a project that I am totally in love with.
I got into crypto back in 2017 due to the high media buzz it created during that year’s hype, I invested then in several projects to learn and understand the technology, and finally built what will someday be a Crypto fund called Pow Partners.
Based on our experience in the digital and big data industries, we then realized how powerful could the application of blockchain and tokenization concepts be in these industries. As that’s why knowing all the inefficiencies of the industry we decided to create GeoDB, a project that combines Big Data, Blockchain, and Tokenization, which we call Big Crypto.
CryptoDiffer team
Q2: Can you tell us what your role is at GeoDB and what the project is about in a few simple sentences?
Luis Gelado CEO and Co-Founder at GeoDB
I co-founded the company back in 2018 with three other partners and I’m currently CEO of GeoDB.
GeoDB is a p2p big data sharing ecosystem. Basically it’s a data marketplace powered by blockchain that connects directly, you, the user, the actual data generators, with data sellers. And the GEO token becomes the representation of data value itself in the form of a tradable virtual asset.
Users upload data to our network and get rewarded in GEOs, and data buyers acquire information paying with GEOs.
It’s a circular model in which we are improving the traditional and conventional data market. We are solving all of the issues the industry is now facing, eliminating intermediation which ends up in slow processes, high costs, and lack of transparency for data buyers. And tt the same time, we are completely improving how users are now treated giving them back important rights as data ownership, privacy, and value.
You can check further info on our website: www.geodb.com
CryptoDiffer team
Q3: What are the major milestones you have achieved so far?
Luis Gelado CEO and Co-Founder at GeoDB
Good question!
Many things actually!
We co-founded the company back in 2018 and since then many things have happened:
a) We’ve grown to a team of nearly 25 people
b) We’ve successfully raised more than 4m$ in private equity rounds
c) We’ve closed two equity crowdfunding campaigns with Crowdcube and Seedrs onboarding more than 1,600 private investors
d) We were recently highlighted by Crunchbase as TOP 1 Trending Blockchain European Startup.
e) Back in November, we won Startup competition in Barcelona’s Blockchain Summit
f) We’ve listed the GEO in four exchanges so far, including Bitforex recently.
Check it here: https://www.bitforex.com/en/spot/geo_usdt
e) CMC listed GEO today and we expect to become a TOP100 coin really soon.
f) Our app GeoCash (https://play.google.com/store/apps/details?id=com.geodb.geocash) is now reaching 50,000 downloads. try it out! iOS coming soon!
g) We expect to launch our main net after summer.
So many great things going on! And many more to comes in the coming months! And we recently launched AidSquad a non-profit project to fight against Covid! https://aidsquad.geodb.com/
Hope you guys like it!
CryptoDiffer team
I think we are ready to go to the community questions part.
Cryptodiffer Community
GeoDB looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in GeoDB to give it the importance it deserves? What are your planning to achieve with your project?
Luis Gelado CEO and Co-Founder at GeoDB
Hi, Well I would say thta the main difference with other projects, is that we have built the company before raising funds through the token. I mean, we have a big assembled team, up and running, technology ready, … So that makes the big difference with other projects that raisemoney through an idea and the token, to start buiding
Many of them are on a prototocol level where many tech progress has been done. we use the advantages of these protocols and bulding end-user solution solving existing big problem with large committed traction from day 1
Cryptodiffer Community
If you have 2 choices, is your project geodb or family? where are you more focused? and there your project cannot be allowed a little, because it is in the future success/progress and cannot be allowed at allSmiling face with smiling eyesHow do you do it?
Luis Gelado CEO and Co-Founder at GeoDB
GeoDB is our family 
Cryptodiffer Community
What determines the value of my own data and what are the requirements for me to be eligible to exchange or sell my data at GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
Hi!
Well, basically the offer and supply determines that. The problem nowadays is that there are no standards… So no public reference to whats the value of a data set.
Geodb ecosystem will relate the price of a data set to the price of the token, so will be public and transparent
Cryptodiffer Community
What determines the value of my own data and what are the requirements for me to be eligible to exchange or sell my data at GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
AidSquad is a lovelly non-profit project which we have built to help the world. Users get Karma points and status and they generate the AID token that is distrubuted to causes! Web service and app are now ready to use!
To earn GEOs you can try our App: GeoCash! Download and ready to go!
Follow the link: https://play.google.com/store/apps/details?id=com.geodb.geocash
GeoDB works with private anonymous aggregated data. Nothing to do with what Facebook or Google do. No one acquiring your data will be able to contact you. Your information will be encrypted and sold for statistical activity and consultancy. No advertising!
Cryptodiffer Community
What determines the value of my own data and what are the requirements for me to be eligible to exchange or sell my data at GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
Our project is already distributed with the whole team working remotely, so the impacts have been minimal day-to-day. We have attended many conferences in the past, so that has been different (our last in-person event was EthParis where several participants later tested positive for COVID-19). Events are one way we teach others about xDai through things like the Burner Wallet. So we are looking at ways to continue presenting at conferences (we recently presented at NonCon) and ways to continue bringing xDai adoption to virtual events……
…..A few good things we’ve seen: Conferences are cheaper now, and open to everyone, so more people are coming in and learning about BlockChain, Ethereum, DeFi etc…
…Also, recent events show now more than ever that we need blockchains, cryptocurrency and stable, digital payments that can be sent globally in seconds. Through this crisis there is opportunity for new & better mechanisms to replace old ways of doing things that are broken.
Cryptodiffer Community
In the crypto world full of competition
Can you tell us why should we need $GEO token where many of projects failed to nailed it,
even developers run when they collect millions of funds!
Can you please explain it?
Luis Gelado CEO and Co-Founder at GeoDB
For us GEO is a fuel of our ecosystem! its the currency representing data transactions and data value we are here to grow it as a business and we already have lot of data buyers and more than 12mil users committed to join data selling part through various apps.
Other prjects are more tech protocol level with no big traction committed.
Cryptodiffer Community
How did it go at Cointelegraph China regarding the development of your AMA? Did they receive support from the Chinese? What do you expect to receive from us to contribute to the development of GEO?
Luis Gelado CEO and Co-Founder at GeoDB
Cointelegraph AMA went amazing
professional team, lot of attention, feedback and growth in traction & liquidity
We have a fast-growing very lovely community who trade GEOs and earn GEOs though geocash app allowing to share your data in exchange for GEOs
Our goal is to get feedback on the project and grow our family of GeoDB ecosystem
Cryptodiffer Community
Big data analysis corporations have been gaining immense traction in the last decade, investing significant amounts of money so as to have access and help analyze consumer information in order to improve the development of their business. However, consumers and users that have been generating all those information have been left out from the equation.
Is there any way GeoDB could help bring them back in the game, in such a way that they would be allowed to gain value for their shared data?
Luis Gelado CEO and Co-Founder at GeoDB
We are here to democratize the big data industry and solve all of its current problems. The most important one, data value for users. SO USERS first! They have to be rewarded for their data!
Cryptodiffer Community
I have read that more than 50 thousand people have downloaded the GeoCash application, impressive !! What updates will be applied to this tool in the coming months?
Luis Gelado CEO and Co-Founder at GeoDB
With the publication of the new version we’ve started to operate in our test network and from here, we’ll be tuning up to the Mainnet.
GeoDB system is highly advanced and complex, so during the next weeks, we will be fine-tuning it.
Cryptodiffer Community
Apparently, your customers are Data organizations and large enterprises,
but how to explain to an ordinary person what is unique in Geodb and why is it worth investing in it?
Luis Gelado CEO and Co-Founder at GeoDB
Very simple
The main revolution we are bringing is democratizing the big data market by rewarding the users who generate data
Its a huge market where 99.5% of data is unexploited
now its already getting viral. users generate data and sell it directly to buyers.
Its a win-win game changing strategy
Cryptodiffer Community
What are the main differences between GeoDB and other similar blockchain projects? Why is GeoDB better than these projects? What are the benefits of being a user of GeoDB ?
Luis Gelado CEO and Co-Founder at GeoDB
Hi, Well I would say thta the main difference with other projects, is that we have built the company before raising funds through the token. I mean, we have a big assembled team, up and running, technology ready, … So that makes the big difference with other projects that raisemoney through an idea and the token, to start buiding
As a user you will be able to get paid for your anonymous datalive, at the moment
Cryptodiffer Community
Do GeoDB keeps any personal Information of their clients? Why GeoDB is trustable?
Luis Gelado CEO and Co-Founder at GeoDB
No personal data. Anonymous aggregated data!
Cryptodiffer Community
1) You recently did your crowdfunding. How was the outcome? How can I partake in subsequent ones in the future and what benefits are available for investors?
2) GeoDataBlock keeps growing its community. What are your expectations from your communities?
Luis Gelado CEO and Co-Founder at GeoDB
Crowdfunding was great! More than 1,600 investors participated. There will be more soon! Investors get shares and tokens. So a wonderful investment opp! And we expect big growth in community, that will help us spread the word and build traction for our network and Token!
Cryptodiffer Community
Let’s talk about ensure user data security. As far as I know, you only focus on capturing behavioral / statistical data. But what about private information? How do you process it?
Luis Gelado CEO and Co-Founder at GeoDB
Its just not touched
It can be checked on the SDK level we are implementing in apps generating data traction from users + in the blockchain (IOTA) which clearly shows which data has been captured + we have a legal conclusion from Baker Mckinzey the most reputable legal company that we are GDPR compliant
Cryptodiffer Community
Any difficulties for geodb to approach to many governments and enterprises with a very new concept of technology like blockchain and digital assets?
Luis Gelado CEO and Co-Founder at GeoDB
In all our meetings with companies and intstitutions, once they understand the useful applications of the technology they crave for more
Cryptodiffer Community
Q:Why would people want to use your platform to sell our own data?
Second issue i’ve seen everywhere is that our data is being exploited and used in many ways without our consent and this way it makes our data also worthless..
Q: Does GEODB provide any solutions to our data being taken away without our knowledge and prevent the devaluation of our data?
Luis Gelado CEO and Co-Founder at GeoDB
All users sharing data to our network will be compensated with GEO tokens that they will later be able to freely trade on exchanges!
Cryptodiffer Community
As per website, GeoDB Project is Decentralized Peer-to-Peer Big Data sharing Ecosystem ! But, Can you Ecplain what’s the Benefits of Decentralized Data Sharing? Which main problems are there in current Data sharing / market Which GeoDB is trying to solve?
Luis Gelado CEO and Co-Founder at GeoDB
Elimination of intermediation between market participants. Reduction of casts, increase of speed and availability, etc!
Cryptodiffer Community
GeoCASH application looks great innovative application of GeoDB!
Can you explain more about GeoCASH Application?
How it work and How can we earn GEO by submitting data?
Luis Gelado CEO and Co-Founder at GeoDB
you just need to instal it and keep it active
app is capturing your geolocation and mobile data
so you do nothing and get rewarded
the most interesting athta data is now being generated in the same way, but companies selling it don’t share profits with you, the users
Cryptodiffer Community
What news do you have about the list of Bione and Bitforex in relation to GEO?
Luis Gelado CEO and Co-Founder at GeoDB
Both listings were great! They are bringing more liquidity and traction to GEO! But more exchanges are coming soon! 😉 https://www.bitforex.com/en/spot/geo_usdt
Cryptodiffer Community
Do you think governments and institutions find utility in this technology?
In the short term, who would be your first users or consumers of this technology?
Luis Gelado CEO and Co-Founder at GeoDB
from the data selling side its users generating data
and apps (they get up to 20% of the reward) who are connected to ecosystem to connect users
the data buyers on earky stages are big data consultants or companies with active big data teams who are constantky looking for mobie & retail data
on later stages we want to make geodb user friendly for all level of business. like you open a small store, you can find out whats the best place to open it. within several clicks. in fact you will be uying raw data + analytical tool from geodb appstore
Cryptodiffer Community
While perusing through your whitepaper, I saw this “We expect more than 200 millions connected users shortly after launching GeoDB mainnet in 2020” .
May I know the strategies GeoDB aim to adopt that will help connect pipeline of digital projects into it ecosystem and allow a big volume of end users to start uploading valuable data into the data pool?
Luis Gelado CEO and Co-Founder at GeoDB
This is B&D strategy! Already have many partners in both side of the ecosystem. So we will be growing user base through community and partnerships! Our value proposition is great so it should be easy to grow fast!
Cryptodiffer Community
Do you think governments and institutions find utility in this technology?
In the short term, who would be your first users or consumers of this technology?
Luis Gelado CEO and Co-Founder at GeoDB
Well, the beautiful thing about the ecosystem is that any individual or company can use the ecosystem in the buying side or the selling side. We are democratizing the big data deals.
Cryptodiffer Community
Why Should Investors Invest in GeoDb?
Can you tell me the Three Reasons?
Luis Gelado CEO and Co-Founder at GeoDB
Background / experience, team / Talent, execution!
Cryptodiffer Community
Why do you say that GeoDb will be in heads of a data buyers as a Solution?
Luis Gelado CEO and Co-Founder at GeoDB
Right now the problem is to find data itself
up-to-time data (often ita like 1 month old)
they need data to be in the same format
they need to make sure about source of data
currently there are lot of intermediaries and brokers on tha market which makes data expensive
we solve all these problems
Cryptodiffer Community
How do you outstand your competitors? What are the advantages of being a user of your platform than other platforms?
Luis Gelado CEO and Co-Founder at GeoDB
There’s nothing similar out there with our approach! Technology, vision and technology. Market is huge and we are well prepared to outstand in the market.
Cryptodiffer Community
To Run a project smoothly, Funding is very important, From where does GeoDB Funding/revenue come from ?
Luis Gelado CEO and Co-Founder at GeoDB
Up to date, funding has come from private investors and through 2 crowdfunding campaigns.Next step will probably be institutional investors.
Cryptodiffer Community
I have read that more than 50 thousand people have downloaded the GeoCash application, impressive !! What updates will be applied to this tool in the coming months?
Luis Gelado CEO and Co-Founder at GeoDB
the recent ones have been updated couple of months ago like new design & improved wallet
in the next versions & further apps we will be including more data to be captured = more potential rewards
e x soon we gonna have an app where you can scan tickets from supermarkets and get reqrded. FMCG & retail companies are starving for it.
we do it with our partner AboutGoods
Cryptodiffer Community
For each project, community factors contribute to the project’s victory. So, what strategies does GeoDataBlock have for community development and long-term user retention?
Luis Gelado CEO and Co-Founder at GeoDB
Initially growth! We are building communities all around the world. People are loving our idea and execution and our first app GeoCash (https://play.google.com/store/apps/details?id=com.geodb.geocash) is already getting big traction! So keep on pushing, gathering data and improving our technology. Product Development Strategies!
Cryptodiffer Community
What makes the data that I’m going to buy at your platform legit?
The data market is pretty wide, what sort of plan do you have to achieve high amount of adoption and get normal people to sell their data at GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
Users have to legally opt in to share data and comply with terms & conditions of the platform! We’ve worked all out with the best worldwide firm, Baker & Mckenzie
Cryptodiffer Community
What are solutions against centralization as many other so-called decentralized networks out there are managed by some whales and power pools and it is very easy to manipulated?
Luis Gelado CEO and Co-Founder at GeoDB
The thing is that we are not a pure currency
We are a marketplace for big data market players. we are fully focused on them.
We have a big demand from them. so they are not type of guys who are interested in centralization. and there is no point to centralize the power of GEOs. you won’t have much advantages out of that
Cryptodiffer Community
I’d like to know more about your community, how do you evaluate their support and what plans do you have to reward the community and expand it?
Luis Gelado CEO and Co-Founder at GeoDB
We have recently started expansion of our community within crypto communities. We belive that information of such projects should go to the root level so we can explain the benefits of sharing data anonymously hence we now have active local communities in India / Japan / Bangladesh / Vietnam & we plan to expand to more. The possibility to download our app and start earning crypto by sharing data has attracted a lot of people in our community & we belive the participation is only going to grow with our ecosystem.
Cryptodiffer Community
With the affected of the coronavirus pandemic, many enterprise are struggling to overcome difficulties. Tell me how can Geodb help them recover with products of Geodb?
Luis Gelado CEO and Co-Founder at GeoDB
Well, we are giving value back to the community allowing them to generate new revenue streams through their self generated data!
Cryptodiffer Community
Can you tell us what’s the main TARGETED userbase of GeoDB?
Is it Businesses, Corporates, Developers,etc?
& also, which SERVICES are provided by GeoDB to them?
Luis Gelado CEO and Co-Founder at GeoDB
The main issue about data security is making sure that private data is not shared and that the whole process of data exchange is fair & transparent. In the case of GeoDB all the transactions are done on blockchain adding the necessary traceability and transparency regarding the source of data, but keeping the privacy of the data owner.
We don’t store users’ data in a blockchain, we only store in a public ledger like IOTA data proofs to assure buyers that we don’t make up data or hide information to them. Internally, the data that will be rewarded by us will be managed in a federated way, constituting a federation based on HyperLedger Fabric that will watch over the correct use of the information. This information will be fragmented among federation members, so that, a single member cannot use the information to which it has access in a malicious way; so only in a coordinated way it is possible to exploit the information. Therefore, with the use of blockchain tools and a federated governance, we not only increase data security, but also transparency. This also adds an important nuance, if it’s necessary to establish policies for dealing with specific data in specific circumstances, and these policies are propagated to the federation, it would be potentially impossible to circumvent them. Therefore, we propose a platform that can force data policies compliance.
As an interesting note, we would like to comment that we’re carrying out tests with homomorphic encryption techniques that allow us to increase the volume of information to be recovered without risking users’ privacy.
Cryptodiffer Community
Many people in the world do not know what crypto is. How do you attract non-crypto people to invest in GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
We actually closed 2 succesful croudfunding campaigns on CrowdCube & Seedrs (both UK platforms)
Many of the users are not from crypto. we got overfunded on 50% in both.
Our deck, video, general explanations & our Q&A support made people understand the value of the project.
We have raised almost 3M EUR in both with 1600+ investors
Cryptodiffer Community
Apparently, your customers are Data organizations and large enterprises,
but how to explain to an ordinary person what is unique in Geodb and why is it worth investing in it?
Luis Gelado CEO and Co-Founder at GeoDB
Well, size doesnt matter anymore with our ecosystem , Now lets say you have 2 stores and want to open a new one, you wan to know where?? With Geodb you will be able to access bidata reliable.Nowadays you would have to be a big player to access the data.
Our ecosystem destroys entry barriers of this industry
Cryptodiffer Community
What is the role of Distributed Ledger Technology (DLT) in GeoDB? What is your plan to address the issues like scalability,security and transparency?
Luis Gelado CEO and Co-Founder at GeoDB
We are a Big Data company using blockchain technologies to solve market issues. And of course the team is working to manage the blockchain trilemma!
Cryptodiffer Community
How do you eliminate DATA FRAUD? Do you have some sort of things that prevent Fraudulent data being traded in your marketplace?
Luis Gelado CEO and Co-Founder at GeoDB
This is a very technical question. Of course the team is working on data quality and network protection. You can find further info on our web. You can download our technical WP there!
Cryptodiffer Community
Adoption & Awareness about Platform is very important for any Creator as well as Users! So, What are your plans to attract More users as well as Creators with Non-crypto users too on GeoDB platform?
Luis Gelado CEO and Co-Founder at GeoDB
So far it seems easy
of course, we need to apply online marketing strategy and we have deep experience in that from our previous projects
but as we mentioned before e x geocash has already 50K+ downloads with 40K downloads within the last 4 months. Though we didn’t even promote it except our community.
The intention was to make a test app and it still generates test tokens (though we will convert them later on).
it shows that giving people reward for doing nothing works really viral.
Cryptodiffer Community
Please, what precautions are you taking so that the Covid-19 does not have much or no negative impact on your project ?
Luis Gelado CEO and Co-Founder at GeoDB
We have just closed a new funding round and we are all developing from home. So it hasn’t affected us so far!
Cryptodiffer Community
How important are the users for you? and what is the experience do you wanna give them by your platform?
Luis Gelado CEO and Co-Founder at GeoDB
Hi! Well, the users are everything to us. Because the main purpose for GEODB is to democratize the bigdata, at the selling side and at the buying side.
We broke entry barriers, now you will be able to buy big data for your small business.
Or you can sell your data on a daily basis directly with instant reward
Cryptodiffer Community
Adoption is one of the important factors that all sustainable blockchain projects should focus to be more attractive in the investors’ eyes. What GeodataBlock has done and plans to do to achieve real world adoption?
Luis Gelado CEO and Co-Founder at GeoDB
Closing partnerships with third parties to achieve accelerated growth as the ones we have already in place. We have more than 12m commited users to join the network!
Cryptodiffer Community
What challenges does GeoDB feels the Current Big Data Market is facing that it seeks to solve and what approach does it want to use in solving it?
Luis Gelado CEO and Co-Founder at GeoDB
We spoke aboit problems before, but now speaking about solution:
p2p & automation through smart contracts allows to make the whole process and data cheaper
blockchain allows to track the source of data (app) and the timestamp of data
data is up to time
platform is UX friend;t. no need to be a data expert to use it and take data-driven decisions
Cryptodiffer Community
You joined series AMA of GeoDB throughout global community group.
So what are the true value that you receive from these series AMA and what the message that you want to send to us?
Luis Gelado CEO and Co-Founder at GeoDB
Recognition, visibility, and good feedback! It’s always great to be in touch with communities!
Cryptodiffer Community
How important are the users for you? and what is the experience do you wanna give them by your platform?
Luis Gelado CEO and Co-Founder at GeoDB
SUPER important. Without them we have nothing!
Cryptodiffer Community
Is there a specific area, which you want to focus on most in late 2020? What about new projects in GeoDB?
Luis Gelado CEO and Co-Founder at GeoDB
Well, lets say inside the company the tech part is on time, so we are pushing harder the bizdev area from our side, while the tech team keeps on working.
Also we´ll have work to do with the first institutions approach to invest in the company
Cryptodiffer Community
Does GeoDB have plans for buyback and lock-up, and community tasks/activities to raise awareness and bring mass adoption?
Luis Gelado CEO and Co-Founder at GeoDB
all current investors are locked up
we have a buy back strategy to maintain the price
we constantky do community related activities in Europe, China (we have big support there), now working on Korea, India, Bangladesh, Vietnam and other countries
Cryptodiffer Community
GeoDB announced entering into a strategic technological partner with CREDITS Platform, can you describe how you intend using Credits Technology to explore the opportunity in business development support and application in GeoDB solutions?
Luis Gelado CEO and Co-Founder at GeoDB
Both teams are now working to build value together! I expect to announce some updates soon!
Cryptodiffer Community
1) What was your motivation for creating GeoDataBlock, what problems did you see that you wanted to solve?
2) Dealing with data requires trust, privacy and security. How do you ensure these three crucial things are done in users data handled by GeoDataBlock?
Luis Gelado CEO and Co-Founder at GeoDB
1) The big data industry is huge but with big issues. No standards, high costs, lack of trust, intermediation… We are solving all of this with GeoDB! Bringing value for users and companies at the same time. The time has come to democratize the big data industry!
2) In GeoDB we are capturing only the statistical or behavioral data of the user. We are not even touching the private data and the data we are extracting is validated through the IOTA network. So it’s a fully transparent process where you can be confident that no private data has been captured.
In later stages data is supposed to be shared in a p2p decentralized way, so nobody gets access to data besides the user (data owner) and the buyer to whom the user agreed to sell data as its the core idea of GeoDB proposal.
Cryptodiffer Community
What are you plans for the project with regards to the most anticipated event of 2020, the Bitcoin halving?
In your opinion, how do you think this will affect the project and, more broadly, on the crypto industry?
Luis Gelado CEO and Co-Founder at GeoDB
Crypto industry won’t stop! We are just starting. So we have great perspectives regarding the future. Let’s talk in one year and you will see!
Cryptodiffer Community
How easy is it to use GeoCash app in an existing infrastructure? How to keep motivation to use GeoCash app in the long term? What GeoDB users get from achieving the project’s goals?
Luis Gelado CEO and Co-Founder at GeoDB
Users get rewarded to generate data (doing nothing, just use the app & your phone)
Its very simple and user friendly
Download it from Google PlayStore
iOS is in process already. Application is done, minor changes are being fixed based on their requirements
Just download and start to recive GEOs. Please try: https://play.google.com/store/apps/details?id=com.geodb.geocash
Cryptodiffer Community
What public and private solutions have you developed for the B2C and B2B markets? Have you developed any updates?
What requirements must I meet to use AidSquad? Do you have a guide or manual for beginners?
Luis Gelado CEO and Co-Founder at GeoDB
sure, please check the guidance on our website geodb.com
but its very easy. just fill in the data and thats it
we not giving material value for aidsquad and not generating progits, its to help non-profit organization to anonymously track the pandenic situation
You can all follow our updates here: https://t.me/GeoDBgroup Join us there! Many of you are asking me privately!
Cryptodiffer Community
How will GEODB democratize the big data market and transform it into a more beneficial ecosystem?
How do you evaluate the exploitation of most of the data market due to inefficient process and dominance of intermediaries?
Luis Gelado CEO and Co-Founder at GeoDB
Hi. Well. Nowadays a normal person cannot access bigdata deals, with our ecosystem we make that possible with one click. In the selling side again, just bigcompanies sell data in big packages and deals. With geodb any company any size, or any person will be able to be rewarded live for the data.
Cryptodiffer Community
Now the whole world is affected by the covid-19 pandemic, including the crypto world, Is the development of the GeoDB team’s projects disrupted or hampered? then how do the GeoDB team overcome this?
Luis Gelado CEO and Co-Founder at GeoDB
COVID is pushing everyone for digital transformation. The more business is digitalized – the more data will be generated – the more data driven decisions – the more demand for data – the brighter future for GeoDB
Cryptodiffer Community
In your opinion, what is the best way for geodb to connect with blockchain developers around the world?
Luis Gelado CEO and Co-Founder at GeoDB
Right now we are hiring peiple in-house!
All the opened positions are constantly published on our website & often on LinkedIn Jobs
Feel free to apply! We are a remote hardworking team!
Cryptodiffer Community
Since joining the blockchain industry, what are the circumstances that make it possible that have brought you to this industry?
Luis Gelado CEO and Co-Founder at GeoDB
Well, After 2017 boom and failed projects in the industry, it was a challenge. But we knew we had something good, so we have been able to raise funds to start thecompany in the toughest times. From now on, the world will start to live the blockchain tech in the next years, with real applications to their lives
Cryptodiffer Community
How is GEO token uses for in GeoDB ? How to keep motivation to hold GEO tokens in the long term? How will you plan to dominate market?
Luis Gelado CEO and Co-Founder at GeoDB
So far many of our token buyers on the exchange are not selling it. We are not calling for speculators, we are working hard to share our vision to make people believe in long term.
You just should see our progress, our goals, what we are working on
Luis Gelado CEO and Co-Founder at GeoDB
Wonderful questions!
Thanks to this great community! Once of the best we’ve met!
Cryptodiffer TEAM
Thanks for amazing questions from the community and great answers
It was a pleasure to conduct an AMA with GeoDB!!!
Thanks for your time @LGCrespo
Let’s finish the AMA
