What is Zebi?
So Zebi says “It’s a unique and holistic solution to make high value and sensitive data readily available for legitimate use.” Basically they are going to be creating a “centralized” hub called the Zebi Gateway that will use the Zebi Chain to provide immutable records.The Zebi Gateway is where users will complete the easy registration process and exchange the data instantly via their API DaaS apps. The blockchain or “Zebi Chain” which will be their immutable based ledger built on the Ethereum blockchain.
Right now Zebi’s whitepaper says they will be protecting
-Utility Records
-Employee Records
-Property Records
-High-Value Transaction Records
-Healthcare Records
It was founded by a very intelligent, high achieving team with background in Oracle, Microsoft, Google and education in MIT, Oxford, Stanford and IIT to blockchain India’s Big Data.
Zebi will be protecting the Big Data by creating the data exchange that cannot be tampered with and is immutable. With 25,000 or so nodes spread across the world they don't see any problem with downtime or disconnections.
They have already signed a contract with an Indian state that has about 50m population. They are already working on proposals with other Indian states that estimates about 200m population.
Purpose of ZCO token
Zebi’s Token (ZCO) as an ERC20 token will be used as payment for Zebi services such as transaction processing and Data protection on the Zebi Chain.
Zebi has a very low hard cap of $10M and the team must hold their tokens for 18 months.
Zebi is suppose to hit exchanges sometime in March 18’.
What problem is Zebi solving?
India is expecting their exponentially growing big data to reach about a TRILLION GIGABYTES by 2020! With this growth in data, Hackers will have a much easier playing ground to leak info, or use the Big Data to fraud companies and consumers. Bribes and payoffs to change data to home records, doctor records, accounting records etc. is also a big concern.
Zebi says they are building a blockchain to provide users with complete ownership of their data. This sensitive and most the time valuable data will be protected by and available through the Zebi Chain. Giving full privacy and only allowing access by the user.
The more data, the more vulnerable you are to ID theft and access to your personal data that is held by third parties. Zebi wants to put your valuable data back in your hands.