WhitePaper
Abstract
This whitepaper presents an in-depth exploration of NEEbytes, a pioneering platform at the intersection of digital advertising, AI and blockchain technology. As the digital marketing and AI landscape evolves, traditional methods to acquire data such as scraping the internet and the use of tags like third-party cookies that are becoming obsolete, reinforce the need for innovative and privacy-compliant solutions. NEEbytes emerges as a response to this shift, offering a unique ecosystem that leverages blockchain technology for data monetization, enhanced data security and user privacy.
Central to the NEEbytes platform is the use of NEEcoins, a novel digital currency that reflects the intrinsic value of user data. The platform introduces a new paradigm in data monetization, where users are the primary beneficiaries of their data's value. By employing smart contracts and a customized blockchain architecture, NEEbytes ensures a secure, transparent, and user-centric ecosystem.
The paper also delves into emerging technologies and methodologies like Federated Learning of Cohorts (FLoC), fingerprinting, and identity graphs, providing context and analyzing their roles in modern digital advertising while addressing the associated privacy concerns. Additionally, it contrasts NEEbytes with existing technologies like Google's Privacy Sandbox, highlighting its unique approach to data acquisition and targeted advertising.
Moreover, the whitepaper discusses the potential challenges of NEEbytes, including scalability, market readiness, and regulatory compliance. It underscores the platform's commitment to overcoming these obstacles and adapting to future market trends and regulatory changes.
NEEbytes represents a significant stride towards a more transparent, secure, and equitable digital ecosystem for businesses and for individuals. It stands as a testament to the potential of blockchain technology in reshaping industry standards, paving the way for a future where data privacy and user empowerment are paramount.
Introduction
The Untapped Problem of the Digital World
Steering Through the Dynamic World of Digital Data
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In an age where data reigns supreme, the digital advertising landscape is undergoing a profound and turbulent transformation. The once unbridled access to user data that fueled the advertising industry's growth is now being cut back by a combination of regulatory pressures, technological shifts, and a growing public awareness of privacy concerns.
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The Diminishing Returns of Traditional Advertising
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The traditional Internet advertising model, a behemoth powered by user data, is facing an existential threat. This model, underpinned by the collection of vast amounts of user data through activities like searches, clicks, and purchases, has hit a roadblock. As regulations like the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) come into force, demanding explicit user consent for data sharing, the advertising industry faces the risk of losing access to the third-party data that has long been its lifeblood​​​.
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The Advent of Consumer Privacy Awareness
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Consumers, once passive participants in the digital realm, are now increasingly aware and protective of their data. This shift in consumer behaviour is driven by a growing distrust of Big Tech companies, notorious for their expansive data collection practices. Users are leveraging tools like ad blockers, VPNs, and privacy-centric browsers, actively thwarting traditional data harvesting methods​.
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The Impact of Third-Party Cookie Phase-Out
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Compounding these challenges is the impending phase-out of third-party cookies by major players like Google. This move, intended to enhance user privacy, significantly disrupts the old ad targeting model. Advertisers and publishers reliant on third-party cookies for audience insights now face the daunting task of developing new strategies for data collection and user engagement​​​.
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AI's Thirst for Data in a Privacy-Conscious World
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Parallel to these developments is the burgeoning field of AI, which thrives on vast quantities of data to refine its algorithms and deliver personalized experiences. However, in a landscape increasingly guarded about data privacy, feeding the AI's hunger for data becomes a complex puzzle. The need for data for AI advancement must now be balanced against the imperative of respecting user privacy and autonomy​​​.
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The New Frontier: Ethical Data Utilization
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The confluence of these factors creates a new frontier for the digital economy—one where ethical data utilization and respect for user privacy become paramount. Companies that adapt to this shift, focusing on building trust and offering value through privacy-conscious strategies, stand to gain in this evolving landscape​​​​.
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NEEbytes: A Beacon in the Storm
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In response to these seismic shifts, NEEbytes emerges as a pioneering solution, offering a new paradigm in data management and advertising. NEEbytes is positioned to navigate these tumultuous waters by providing a platform that aligns with the new era of user empowerment, privacy respect, and innovative data utilization.
Market Analysis
Current Landscape in Digital Advertising and Data Access
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​ 1. Evolving Strategies in Digital Advertising
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​The industry is adapting to the decline of third-party cookies by transitioning from precision to prediction, emphasizing first-party data and contextual analysis. The shift to prediction involves leveraging existing data more effectively, while the emphasis on first-party data seeks to fill the gaps left by third-party data.
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- ​First-Party Data Emphasis: With the phase-out of third-party cookies, companies are innovating on first-party data strategies, aiming to fill gaps left by the third-party data vacuum. This requires scale, as seen with large publishers like The New York Times, which leverages its substantial subscriber base for targeted advertising​.
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Contextual Analysis: Advertisers are increasingly relying on contextual analysis, where ads are targeted based on the content of the website rather than the user's profile. This method requires sophisticated algorithmic analysis of text, images, and video​​.
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Alternatives to Tags/Third-Party Cookies: New techniques like Fingerprinting and Identity Graphs are being developed. Fingerprinting involves combining backend specifications into a unique ID, while Identity Graphs uses machine learning to create comprehensive user profiles.
Fingerprinting and identity graphs, while innovative, raise concerns regarding user privacy and interests:
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1. Fingerprinting Concerns:
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- Invasiveness: Fingerprinting can be more invasive than cookies as it involves collecting detailed information about a user's device and browser settings to create a unique identifier. This process can happen without explicit user consent or awareness.
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​Difficulty to Control: Unlike cookies, which users can delete, fingerprinting data are harder to control or opt out of, as they're tied to device characteristics.
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2. Identity Graphs Concerns:
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- Privacy Risks: Identity graphs compile extensive user data across platforms and devices. This aggregation can reveal a detailed picture of a person's online behaviour, potentially infringing on their privacy.
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​Data Accuracy and Misuse: There's a risk of data inaccuracies, which can lead to misclassification or misuse of personal information.
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Implications to Use New Methods of Tracking Users
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- ​Regulatory Challenges: Both methods might face regulatory challenges, especially in jurisdictions with strict privacy laws like GDPR, as they can be seen as circumventing user consent.
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​Lack of User Incentives: These methods typically don't offer direct incentives to users, focusing more on advertiser benefits. This aspect might contribute to regulatory and public pushback.
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While fingerprinting and identity graphs offer solutions for advertisers in a cookie-less world, they present significant privacy concerns for users, potentially leading to regulatory scrutiny and a lack of user support.
2. Google's Privacy Sandbox Initiative
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In response to the changing digital environment, Google has introduced the Privacy Sandbox. This initiative seeks to phase out third-party cookies and replace them with APIs that prioritize user privacy. Key components of this initiative include the Protected Audience API for remarketing, the Topics API for categorizing web content based on interest areas, and the Attribution Reporting API, which evaluates the effectiveness of advertising campaigns.
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Federated Learning of Cohorts (FLoC): As part of this evolving landscape, Google has also developed the Federated Learning of Cohorts. FLoC is designed to target advertisements to groups of users with similar interests using a machine learning algorithm. Crucially, this algorithm processes user data without removing it from personal devices, striking a balance between maintaining user privacy and fulfilling the requirements of effective advertising.
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Google Sandbox Initiative vs NEEbytes Approach
To compare Google's Privacy Sandbox and NEEbytes in terms of solutions for acquiring data for targeted ads, let's analyze their approaches:
Google's Privacy Sandbox:
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- Approach: Privacy Sandbox aims to replace third-party cookies with privacy-safe APIs in Chrome. It offers ad delivery and analysis technologies like Topics API, Protected Audience (FLEDGE), and Attribution Reporting, focusing on less intrusive ad targeting​​​.
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​Privacy Perspective: These APIs are designed to minimize personal data collection while still enabling personalized ads. However, there's debate about how privacy-friendly these solutions truly are​​.
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Industry Reception: Privacy Sandbox may be an opportunity to adapt to a more privacy-conscious web, although some critics argue it may still centralize power with Google, making it far from providing a solution that doesn't monopolize the industry.
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NEEbytes:
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- Approach: NEEbytes focuses on user empowerment and data privacy. It allows users to control their data, turning it into a tradable asset within a secure and transparent ecosystem. NEEbytes introduces a solution featuring an API that allows advertisers to target users based on data shared willingly by users about their preferences, choices, and demographics. This approach ensures targeting is grounded in actual user consent and information, offering a more precise and accurate solution than traditional targeted advertising methods.
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​Privacy and User Interest: NEEbytes places a strong emphasis on user consent and data ownership. It seeks to empower users with the ability to monetize their data, aligning their interests with the potential growth of the data economy. Users share the data they want.
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Regulatory Compliance: NEEbytes is designed to be compliant with data privacy regulations like GDPR, offering a solution that respects user privacy and regulatory requirements.
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Comparative Analysis:
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User Privacy: While both solutions aim to address privacy concerns, NEEbytes emphasizes user consent and data ownership more directly compared to the Privacy Sandbox.
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Ad Targeting Potential: Privacy Sandbox provides a variety of tools for advertisers, but its effectiveness in a cookie-less world is yet to be fully seen. NEEbytes offers a different approach by leveraging user-consented data, potentially offering more accurate and ethical ad targeting.
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Regulatory Compliance: NEEbytes' model appears more aligned with strict privacy regulations, whereas the Privacy Sandbox's approach has faced scrutiny and criticism from privacy advocates.
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While Google's Privacy Sandbox represents an industry-led initiative to adapt to a privacy-centric advertising model, NEEbytes offers a user-centric approach, prioritizing data ownership and consent. NEEbytes could potentially offer a more compliant and ethically-aligned solution in the face of tightening regulations and growing user privacy concerns.
3. Impact of Regulatory Changes and Legal Challenges
The Facebook–Cambridge Analytica data scandal provides significant insights into the consequences of invasive data practices:
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​Data Collection without Consent: Cambridge Analytica collected data from millions of Facebook users without their consent through an app called "This Is Your Digital Life." This app not only gathered information from users who downloaded it but also harvested data from their Facebook friends, affecting up to 87 million profiles. This data was used for political advertising and analytical assistance in high-profile campaigns like those of Ted Cruz and Donald Trump and was accused of interfering with the Brexit referendum​.
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Public Outcry and Legal Consequences: The scandal, brought to light by whistleblower Christopher Wylie, sparked public outrage and increased interest in privacy and the influence of social media on politics. In response, Facebook faced significant legal repercussions, including a $5 billion fine by the Federal Trade Commission and a £500,000 fine by the UK Information Commissioner's Office for privacy violations. This incident highlighted the risks associated with the misuse of user data​​​​.
In comparison to NEEbytes, which emphasizes user consent and data ownership, traditional methods like those employed by Facebook and Cambridge Analytica demonstrate the pitfalls of invasive data practices.
NEEbytes offers a user-centric model that aligns with privacy regulations and ethical data use, contrasting sharply with the controversial methods that led to public backlash and hefty fines in the Facebook–Cambridge Analytica scandal.
4. Adapting to Technological and Regulatory Shifts
AI and Data Privacy Challenges
With the swift advancement of AI, issues such as data exploitation come to the forefront. There's a risk that AI applications could encroach on individual privacy rights, posing ethical challenges.
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A notable example is OpenAI's legal case, underscoring the complexities tied to data scraping for AI training. The plaintiffs in this case accused OpenAI of utilizing datasets compiled from extensive internet data scraping without obtaining proper consent. This situation has sparked significant privacy and legal debates.
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This lawsuit against OpenAI serves as a stark reminder of the pitfalls in large-scale data collection, particularly the risks of privacy infringement and the unethical handling of personal data.
Impact of Data Privacy Regulations on AI
Regulatory Compliance: Companies working with AI face the intricate challenge of adhering to stringent privacy regulations such as the GDPR and CCPA. These laws significantly influence their capacity to gather and utilize data.
A notable instance is the temporary suspension of ChatGPT in Europe, stemming from GDPR compliance issues, which highlights the complexities AI companies encounter in balancing innovation with regulatory requirements.
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Alternatively, NEEbytes offers a solution where users can consciously create datasets through data cards, tailored to the specific requirements needed by Large Language Models (LLMs).
Solution
Introducing NEEbytes:
A Paradigm Shift to Unlock the Full Potential of Data
Empowering Data Monetization
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NEEbytes revolutionizes how users view and manage their digital data. Unlike traditional models, our platform enables users to convert their online activities into tangible assets. By using 'Data Cards,' users can create a digital profile that represents their preferences and behaviours, transforming these into a valuable commodity within our ecosystem. This innovative approach contrasts sharply with the fading third-party cookies model and invasive techniques like fingerprinting and identity graphs.
Targeted Advertising with Ethical Data Use
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Our unique data collection method, combined with a bidding system for targeted ads, offers a more ethical and efficient solution compared to traditional methods. We provide advertisers with valuable data without compromising user privacy, ensuring compliance with stringent regulations like GDPR.
Potential Use Cases
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Ad Networks: Our data cards offer a novel solution for ad networks to continue targeted advertising amidst changing privacy norms.
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AI: Using data cards improves the creation of varied data sets, which are essential for training large language models (LLMs) with extensive data to minimize bias.
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Direct Consumer Interaction: Companies can directly engage with their desired audience using our data card system, gaining immediate and ethical insights.
The Broader Impact
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NEEbytes is set to transform various sectors by providing ethical, user-consented data. Our approach not only aligns with privacy regulations but also caters to the evolving needs of both users and businesses.
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Welcome to a New World of Data Empowerment
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In the evolving digital landscape, data has emerged as a cornerstone of innovation, driving the gears of the global economy and shaping the future of technology. Amidst this transformation, NEEbytes stands at the forefront, leading a new era of data empowerment. NEEbytes platform is not just a technological breakthrough; it's a paradigm shift in how data is perceived, managed, and monetized.
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At the core of NEEbytes is a profound recognition: Your data is more than just digital footprints; it's a valuable asset.
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In a world where data privacy concerns clash with the relentless drive for digital expansion, NEEbytes introduces a harmonious solution. We envision a digital ecosystem where users don't just passively contribute data but actively engage in its valuation and circulation.
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Our innovative system allows users to create and maintain 'Data Cards' – a digital representation of their preferences, interests, and online behaviour.
These Data Cards are more than just information repositories; they are the building blocks of a user-driven AI economy. These data cards can provide any data needed by the advertiser or any other entity in need of data.
By contributing their data through these cards, users are not only enhancing the intelligence of AI systems but also paving the way for a more personalized, efficient, and user-tailored digital experience.
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Unveiling the Potential of NEEbytes: Hypothetical Success Scenarios
In this section, we explore hypothetical scenarios that showcase how the NEEbytes ecosystem can transform various industries. These scenarios, while fictional, are rooted in realistic applications of NEEbytes' capabilities and reflect the potential impact of NEEbyte's innovative platform.
The Potential of NEEbytes Data Cards
Scenario 1: Ad Networks
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Challenge: As Google phases out third-party cookies, ad networks face a significant challenge in tracking users and delivering targeted ads.
NEEbytes Solution: By collecting necessary data through NEEbytes data cards and implementing a new layer of a bidding system using users' data, NEEbytes offers an innovative solution. This approach aligns with consumer preferences for controlled and incentivized data sharing, and it also addresses the market's need for effective targeted advertising in the post-third-party cookie era.
Outcome: Advertisers using NEEbytes can continue to provide targeted ads and reach their desired audience. This method aligns with the increasing consumer demand for privacy and control over their data, potentially leading to more effective and consumer-friendly advertising strategies.
Examining the Digital Advertising Market
Digital Advertising Market Size and Growth Projection: The global digital marketing market was valued at nearly USD 363.05 billion in 2023 and is expected to grow at a Compound annual growth rate (CAGR) of 13.1% between 2024 and 2032, reaching around USD 1099.33 billion by 2032. This growth indicates the substantial economic impact and potential in the digital advertising sector​.
Impact of Third-Party Cookie Phase-Out on Ad Revenue: The phase-out of third-party cookies poses a significant challenge to the advertising industry, which has relied heavily on this data for targeted ads. Some estimates suggest that disabling third-party cookies could decrease ad revenue by 50 to 60%. Conversely, other studies found that using third-party data only increased ad revenue by about 4%. This discrepancy highlights the uncertainty and potential risk in revenue, with up to $10 billion in US publisher revenue at risk​.
Shift to First-Party Data and Alternative Strategies: In response to the loss of third-party data, advertisers and publishers are increasingly depending on their first-party data or data from walled gardens and contextual targeting. This shift necessitates a redesign of their data strategies to create and sustain consumer relationships based on trust. The industry is experimenting with various methods, such as paywalls and required registrations, to gather first-party data, updated contextual targeting and probabilistic audience modelling.
As the digital advertising industry grapples with the challenges of losing third-party cookie data, NEEbytes offers a viable alternative through its data card system. This system allows for ethical and consensual data collection, providing advertisers with the necessary data for targeted ads while respecting user privacy.
The scenario underscores NEEbytes’ potential to bridge the gap created by privacy regulations and the phasing out of traditional data collection methods. NEEbytes solution aligns with the market's growth trajectory and addresses the imminent revenue risks.
To strengthen the case for NEEbytes and its significance in the advertising market, various consumer opinions and market trends related to data privacy, as detailed below, provide substantial support:
Consumer Attitudes Toward Data Privacy
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- ​Data Sharing Concerns: Consumers are increasingly uncomfortable with sharing personal information, a necessity for marketers to tailor their sales efforts effectively. This discomfort presents a challenge for traditional online marketing strategies​.
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Types of Data Consumers Share: Consumers show a preference for sharing specific types of data like gender, age, zip code, and email addresses, but are hesitant to share phone numbers, locations, or online browsing activities. This selectiveness underscores the need for targeted and consent-based data collection methods​.
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Data Usage and Consumer Comfort: The use of data in creating informative and engaging advertising content is generally preferred by consumers, but they express discomfort with their data being shared or sold without their consent to other companies​.
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Incentivization in Data Sharing
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- Value Exchange for Data: A significant number of consumers are willing to share personal data if they perceive a clear value exchange or incentive, such as discounts and free samples. This finding suggests that incentivized data-sharing platforms like NEEbytes could see higher consumer participation due to the direct benefits offered to users​.
NEEbytes' approach to incentivized, consent-based data sharing offers a viable alternative to the traditional data collection methods, which are becoming increasingly restricted due to privacy concerns and regulatory changes. This approach not only aligns with consumer preferences but also addresses the critical needs of the advertising industry in the evolving digital landscape.
Scenario 2: Large Language Models (LLM), AI
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Challenge: AI systems need large and diverse data to stay unbiased, especially with new information. Yet, obtaining this data is harder due to strict privacy rules.
NEEbytes Solution: Data cards offer a quick and innovative method for assembling data sets, which can then be utilized for AI training. This data is generated by directly engaging users within the ecosystem as they fill out their daily data cards.
Outcome: The data cards from NEEbytes can generate tailored, large-scale data. This data is then instrumental in training AI, fostering the development of diverse models and use cases, ranging from broad applications to specific niches.
The rapid growth of the conversational AI market, valued at $10.7 billion and projected to reach $32.6 billion by 2030, underscores the increasing demand for data-driven AI solutions. This growth context strengthens the relevance of NEEbytes' solution in addressing the challenge of sourcing unbiased and diverse data sets in a privacy-regulated environment.
By utilizing data cards, NEEbytes offers a responsive and ethical way to accumulate and analyze data, directly catering to the needs of evolving AI models and niches, thus aligning with the market's exponential growth trajectory.
Scenario 3: Market Research
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Challenge: Encouraging users to respond to surveys or provide feedback on a service or product is a significant hurdle. Additionally, identifying the right audience willing to share such data without incentives is an even greater challenge.
NEEbytes Solution: By utilizing NEEbytes' data cards, we offer a platform where companies can choose their target audience and directly engage with them. This is achieved by creating customized data cards, designed to gather specific responses and insights for their models and inquiries.
Outcome: Start-ups and corporations alike can effectively connect with their niche markets, engage in learning directly from their audience, and gain immediate, valuable insights.
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Global Market Research Services Market: The market grew from $69.6 billion in 2016 to $76.37 billion in 2021, with a CAGR of 1.87%. It's expected to further increase to $108.57 billion by 2026, at a CAGR of 7.29%​​.
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Highlighting the Importance of a User-Centric Solution Like NEEbytes
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These statistics reinforce the potential market opportunity for NEEbytes. By providing an ethical and efficient method for data collection and analysis through data cards, NEEbytes can offer a compelling solution in many expanding market sectors, addressing the challenge of effectively collecting data in a privacy-conscious environment.
Industry Insights: The Broader Impact
Beyond these scenarios, NEEbytes' potential extends across various sectors, fueled by its ability to provide deep, actionable insights into consumer behaviour. The platform's data-driven approach can revolutionize marketing strategies, enhance product development, and improve user experience across industries such as entertainment, education, and public services.
Ethical Data Utilization
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NEEbytes champions ethical data usage, ensuring that user consent and privacy are at the forefront, thus providing the data companies need but at the same time setting a new standard for data-driven industries.
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The Secret Lies in Empowering and Incentivizing Users
Transforming Data into a Tradable Digital Asset
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For Individuals
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The Journey to Data Monetization
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The first step in this revolutionary journey is creating a NEEbytes account. This process is designed to be straightforward and secure, ensuring users can quickly become part of the NEEbytes ecosystem. The account creation is more than just a gateway; it's the beginning of a journey toward digital empowerment and financial independence.
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Creating Your NEEbytes Account: Users start by signing up on the NEEbytes platform. This process is streamlined to ensure ease of use while maintaining the highest standards of security and data protection.
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Authentication process: At NEEbytes, we recognize the importance of maintaining the integrity of our ecosystem. Our Know Your Customer (KYC) process, powered by cutting-edge AWS technology, includes photo authentication. This approach not only verifies the authenticity of users but also prevents the proliferation of duplicate accounts or automated bots. By ensuring a secure and genuine user base, we uphold the privacy and fairness that underpin our data empowerment vision.
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Crafting Your Online Identity with Data Cards: Upon joining, users engage in crafting their digital identity through 'Data Cards.' These cards are a series of questions and options that allow users to define their online persona. The information provided in these cards is integral to creating a unique digital profile that represents the user's preferences, interests, and behaviours.
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Data Cards - The Key to Unlocking Earnings: Each data card filled by the user is a step towards monetizing their data. As users complete and update their Data Cards, they actively contribute valuable information that is transformed into NEE coins – the currency of the NEEbytes ecosystem. This process is at the heart of our platform, turning user data into a tangible, tradable asset.
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Consent and Privacy: Every piece of information shared through Data Cards is done with the user's explicit consent. Users have the freedom to decide what they share and can withdraw or modify their data at any time.
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Transparency and Trust: The NEEbytes platform operates on principles of transparency and trust. Users have clear visibility into how their data is being used and who will eventually have access to it.
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Empowerment through Knowledge: To help users minimize their online footprint, NEEbytes plans to provide educational tools and resources to help users understand the value of their data and make informed decisions about data sharing and privacy when browsing the internet.
Embracing the Digital Twin Concept
At the heart of the NEEbytes ecosystem lies the innovative concept of the 'Digital Twin.' This unique feature represents a significant leap in personalized digital experiences. A Digital Twin is a virtual representation of a user, crafted from their responses to the Data Cards on the NEEbytes platform. It embodies the user's online preferences, habits, and behaviours, providing a visual and dynamic representation of their digital identity.
Data Cards: The Gateway to Earning NEE Coins
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Each interaction with a Data Card is an opportunity for users to contribute to their Digital Twin and the broader NEEbytes ecosystem. As users update and maintain their Data Cards, they mine NEE coins. This mining process is unique as it’s based on user engagement and data contribution rather than traditional computational power.
NEE Coins: Earning Through Engagement
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NEE coins are the tangible reward for a user's engagement within the NEEbytes ecosystem. The more actively and consistently users update their Data Cards, the more NEE coins they accumulate.
The Value of NEE Coins
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These coins are not just digital tokens; they represent the real-world value of the user's data. As the ecosystem grows and the demand for personalized data increases, the value of NEE coins is poised to change accordingly, reflecting the growing importance of user-contributed data in the digital economy.
Using NEE Coins
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Users have multiple options for utilizing their NEE coins. They can trade them on crypto exchanges, or hold onto them as an investment, speculating on their value over time.
The NEEbytes ecosystem represents a harmonious blend of technology and user empowerment.
Blockchain
The Technology Enabling the Exchange of Digital Assets for Data
To build a strong ecosystem for NEEbytes' vision and goals, let's begin by explaining the roles of key components. At NEEbytes, we prioritize users in the data economy by linking them with entities that need data. We use blockchain technology to make data tangible and tradable. When people create data, they also generate neebytes.
Creating NEEbytes by Forking Ethereum Go
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At the core of the NEEbytes ecosystem is the integration of blockchain technology, a pivotal move that revolutionizes data monetization and security. The NEE network blockchain, a customized fork of Ethereum Go, serves as the backbone of our innovative platform. This integration reflects our commitment to leveraging cutting-edge technology to ensure the highest standards of security, transparency, and efficiency in our ecosystem.
Transforming Data into NEE Coins
We use blockchain technology to generate digital assets, which are exchanged as NEE coins for data cards created by users in the NEEbytes app. To manage this exchange and distribution efficiently, we employ internal algorithms that calculate the number of data cards created.
Smart contracts are then used to automate the distribution of NEE coins to users.
NEE Network Blockchain: A Tailored Solution
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Customized Blockchain Architecture: The NEE network blockchain is specifically tailored to meet the unique demands of the NEEbytes ecosystem. By modifying the traditional coin mining process, we have democratized the earning potential, making it accessible to every user based on their data contributions, rather than computational power.
Data Security and Immutability: Blockchain technology is well-known for its security and unchangeable nature. In the NEEbytes ecosystem, this translates to the ability to securely trade and transfer your data, now as a digital asset, to others. When you transfer your data as NEE coins, this transaction is recorded on the blockchain. These transactions are securely logged, creating a permanent and trustworthy ledger that guarantees the integrity and reliability of the transactions within the ecosystem.
NEE Explorer: Gateway to Blockchain Insights
Real-Time Monitoring and Accessibility: The NEE Explorer is a user-friendly tool that grants users visibility into the NEE network blockchain. It enables real-time monitoring of transactions, access to wallet balances, and insight into the overall health and activity of the blockchain network.
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Smart Contracts: Driving Automation and Transparency in the NEEbytes Ecosystem
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Smart Contracts for Automated Transactions: Smart contracts are essential in the NEEbytes ecosystem for automating and securing transactions, particularly in the distribution of NEEcoins. They facilitate the automatic allocation of coins, ensuring adherence to the platform’s rules. Unlike other projects that may use complex names for their consensus algorithms, NEEbytes adopts a straightforward approach.
When users respond to data cards and generate data, this directly translates into coin distribution. This process establishes a clear and understandable consensus algorithm for the allocation of coins.
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Understanding the Economics of Data as a Digital Asset
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The NEEcoin Economy: A New Paradigm
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NEEcoins represent the fuel of the NEEbytes ecosystem, embodying a novel approach to valuing user data. They are more than just a digital currency; they are a tangible representation of the value derived from user participation and data contribution. The NEE coin economy is designed to be robust, sustainable, and user-centric, ensuring that the contributors of data are the primary beneficiaries of its value.
Understanding NEE Cryptocurrency
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NEEcoins as a Measure of Data Value: In the NEEbytes platform, NEEcoins are directly tied to the value of user data. Each interaction, data card update, and contribution within the ecosystem translates into NEEcoins, reflecting the intrinsic value of the data shared. This process incentivizes regular engagement and ensures that the value of data is continually recognized and rewarded.
Coin Allocation and Sustainability: NEEbytes introduces a controlled inflation model for NEE cryptocurrency. With 11 billion NEE coins in total, 10 billion are reserved for users who convert data cards into NEE coins, while 1 billion is allocated to the ecosystem. This distribution ensures a sustainable data economy while preventing centralized control.
Innovative Inflation Control: NEEbytes implements a dynamic distribution algorithm that adapts to the growth of the ecosystem. Coin generation rates adjust based on the number of users, promoting stability and value appreciation. As the ecosystem expands, the controlled inflation model ensures that users' data contributions remain valuable over time.
Initial Distribution
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At the outset, a total of 11 billion NEEbytes coins will be made available for distribution. Initial distribution took place through our Minimum Viable Product (MVP) phase, which started on Nov 01, 2021. The MVP was a dedicated social channel designed to assess adoption and share the currency among our community members.
Coin Generation and Distribution Flow:
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Total Coins: NEEbytes introduces 11 billion coins into the ecosystem.
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User Mining: Users mine 10 billion coins through their interactions with the ecosystem.
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Ecosystem Allocation: 1 billion coins are allocated to the NEEbytes ecosystem. These coins are released at a rate of 10% of the daily coins mined by users.
​Dynamic Distribution Algorithm
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Our distribution algorithm adapts to the evolving ecosystem and its user base. After approximately 3 months from the official launch or upon reaching 1 million users, whichever comes first, the distribution of coins undergoes changes to ensure sustainability and fairness.
In the initial phase, participants in the NEEbytes ecosystem can earn up to 5 NEE coins daily by completing all available data cards. Regular engagement and generation of new daily data cards are essential for mining these coins.
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The creation of daily data cards not only contributes to the ecosystem but also activates the mining capability of the main data cards. This mechanism allows participants to mine an additional 5 coins per day over a month, after which the main data cards require updating.
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In addition to mining their data cards, participants who contribute daily to the ecosystem also mine the NEE network's daily block. Unlike typical blockchain networks where coins are distributed with each newly created block, NEEbytes alters this approach to distribute coins once a day in a singular daily block. This daily block is designed to distribute currency among community members who are actively mining and generating data within the ecosystem. The purpose of this daily distribution is to maintain sufficient coin liquidity for when data begins to be purchased.
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This system ensures that participants are adequately rewarded for their contributions and active participation in the daily coin distribution. While each data card's yield may vary, collectively they are structured to produce an average of 5 coins per day, equating to approximately 1 coin per data card.
Following the initial phase, the distribution model evolves as follows:
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Upon reaching 1M users or up to 3 months: Members can mine up to 5 NEE coins per day by completing all data cards.
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After the initial phase: Distribution drops to up to 1 NEE coin per day by completing all data cards.
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Daily Block: Concurrently, the Daily Block system will continue to operate, distributing an even 5000 coins each day among community members who generate data cards daily.
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Adaptive Mining Difficulty
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To ensure the stability and sustainability of the ecosystem, a dynamic mining difficulty mechanism has been implemented. Scheduled to update monthly and then weekly, this mechanism adjusts the mining difficulty based on the active user count. This adjustment includes halving the coin generation rate from data cards and reducing the maximum number of coins users can generate daily by completing all data cards.
The following table illustrates the mining difficulty adjustments:
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Number of Users - Coin Generation Rate
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Upon reaching 1M - 1 NEE coin
1M to 2M - 0.50 NEE coin
2M to 3M - 0.40 NEE coin
3M to 4M - 0.30 NEE coin
4M to 5M - 0.20 NEE coin
5M to 10M - 0.10 NEE coin
10M to 100M - 0.05 NEE coin
100M to 200M - 0.025 NEE coin
200M to 300M - 0.0125 NEE coin
400M to 500M - 0.00625 NEE coin
500M to 1Billion - 0.001 NEE coin
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The weekly adjustment of the mining difficulty is designed to optimize coin generation, ensuring it aligns with the ecosystem's growth trajectory.
Enhanced Data Card Renewal
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As participants engage with the ecosystem, they earn NEE cryptocurrency by converting their data cards. These data cards generate coins daily for a month whenever a user responds to a daily question. To maintain their mining activities, users are encouraged to renew their data cards monthly. This renewal process not only sustains the mining activity but also offers a chance to adjust the mining difficulty. This adjustment means that users who keep their data cards updated could potentially see increased coin distribution, depending on the number of users mining in any given month.
Exploring the Possibility of Data as a Tradable Digital Asset
NEEbytes white paper details the economic model underpinning the NEE cryptocurrency, a core element of the NEEbytes economy. This model is rooted in the integration of AI-driven solutions, digital marketing and research tools. Over time, with increased adoption, this integration is anticipated to significantly enhance the utility and potential value of NEE coins.
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Liquidity is pivotal in our economy. By supplying liquidity, we foresee the value of NEE coins being governed by real-time user demand. Unlike conventional currencies, profits in the NEEbytes economy are accrued in NEE coins, introducing a distinctive element to the NEEbytes financial structure.
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Data utilization is the foundation of our economic strategy.
Use Cases for Enhancing the Liquidity of NEE Coins
As outlined in this paper, NEEbytes' vision presents solutions and opportunities for numerous industries and individuals alike. The broader vision, which aims to unlock the true value of data, is part of an initiative to provide convenient solutions for the digital marketing industry.
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In line with this, NEEbytes is laying the groundwork to offer ad networks access to more detailed and precise customer profiles for targeted advertising. We are creating a bridge between users and ad networks using an advanced bidding filter. This filter can identify users through common identifiers, such as email addresses, and utilizes specific data shared by each user in their data cards.
This method is set to offer enhanced efficiency and value for advertisers, revolutionizing the way targeted advertising is conducted.
NEEbytes: Revolutionizing Data Valuation in the Digital Economy
We base our pricing model on thorough market analysis.
Current estimates show that advertisers pay approximately $5 for 1000 ad impressions, equating to about $0.005 per impression. We propose a fee of $0.001 for refined data access.
Given an average exposure of 10,000 ads per person per day, this represents a potential $10 daily value per person, directly feeding into the data economy.
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Our economy's design is focused on shaping the value of data as more users join. Accessing this data necessitates NEE coin purchases, with a fraction of these coins removed from circulation (minus a software fee), thereby preserving value within the ecosystem. The base value of data is set and then adjusted according to market trends, impacting the dollar valuation of data in relation to user acquisition costs.
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Understanding the Value Dynamics
Initially, we propose setting the value at $1 or 1000 NEE coins to access data. However, all transactions require conversion into NEE coins, the ecosystem's native currency. This approach not only assigns a tangible value to data but also injects liquidity into the ecosystem.
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Here's how the valuation works:
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If data per person is priced at $1, equivalent to 1000 NEE coins, and each ad impression costs $0.001,
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Then, should the value of 1000 NEE coins rise to $1.10, the dollar value of the data correspondingly increases from $1 to $1.10. This linkage of data value to NEE coin value means market fluctuations directly impact data valuation.
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On the flip side,
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If the value of 1000 NEE coins drops to $0.90, the dollar value of data within the ecosystem also decreases. Such a decrease is more probable in the early phases of the project before the ecosystem achieves substantial liquidity.
This dynamic pricing model ensures that data values are fluid, reflecting market trends. To balance market forces and avoid making data acquisition costs prohibitively high due to rising NEE coin values, we've incorporated a unique feature. Advertisers have the option to lock in data costs at a rate equivalent to their Customer Acquisition Cost (CAC).
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Here's how it works:
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Advertisers can choose to set the data cost per ad at either $0.001 or 10% of their CAC. This option provides a realistic assessment of data costs based on what it takes to acquire a user.
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For instance, if Company A's CAC is $2 but the market-driven data access cost has risen to $3 per user, the company can opt to lock in their data access cost at their CAC. This approach ensures affordability and relevance to the advertiser's specific situation.
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To put this into perspective, if Company A decides to lock in their cost based on their CAC of $2, the cost per ad would effectively be $0.002 (as $2 divided by 1000 impressions).
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This mechanism offers advertisers flexibility and control, allowing them to choose the most cost-effective approach for accessing user data, whether it's market-driven or based on their user acquisition costs.
The pricing for companies using our system becomes anchored to their last recorded user acquisition cost before joining NEEbytes. We foresee a reduction in user acquisition costs as NEEbytes enables more direct and cost-effective ways to reach potential users.
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NEEbytesr economic model is designed not just to enhance the value of data, but also to strengthen and grow the NEEbytes economy. As the ecosystem experiences increased liquidity and greater user involvement, it's expected to become more robust. This growth implies that opting out of the NEEbytes economy could mean missing out on significant opportunities for growth and profitability.
Moreover, participating in the NEEbytes ecosystem doesn't require spending existing funds, making it an attractive option for users and advertisers alike.
The NEEbytes framework offers a dynamic and beneficial environment, promising enhanced value for all participants while potentially reducing costs and expanding opportunities.
To illustrate the practical effectiveness of the example provided, we offer some analytics to demonstrate how access to targeted advertising tools significantly influences financial outcomes across sectors. Losing this capability can lead to drastic financial impacts for businesses striving to reach their appropriate user base.
The data collected provides valuable insights into the cost structure of digital advertising, especially regarding the cost per thousand impressions (CPM) and the cost of user acquisition.
This information is crucial in understanding the financial dynamics of advertising on major platforms like Facebook and Google and can be applied to the scenario of ad networks facing challenges due to the phase-out of third-party cookies.
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Cost of Advertising on Major Platforms (2024 Estimates)​
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​Facebook Advertising Costs: The average cost of Facebook ads is approximately $1.01 to $3.00 per 1000 impressions (CPM) and $0.26 to $0.30 per click. The cost per like ranges from $0.00 to $0.25, and the cost per download is between $0.00 and $5.00​​.
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Google Advertising Costs: The average Google Ads CPM benchmarks vary across industries. For example, in technology, it's $5 to $10, in retail $2 to $5, and in finance $8 to $15. Other industries like healthcare, travel, education, automotive, real estate, food & beverage, and fashion & beauty also have specific CPM ranges​​.
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Cost of User Acquisition in Digital Advertising (2023 Data)
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Digital Advertising Market Size and Growth Projection​
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​Overall Digital Marketing Spending: Global spending on digital marketing was USD 363.05 billion in 2023, with a forecast to grow to USD 1099.33 billion by 2032.
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Customer Acquisition Costs (CAC): CAC has risen by 60% over the last five years to an average of $29 per user.
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Cost-Per-Install (CPI) for Various Platforms: The average CPI for iOS is $5.11, and for Android, it is $4.61. The CPI differs across regions, with the US average CPI at $5.11 per user, and North America attracting an average CPI for Shopping apps at $4.74.
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Specific CPI for Different Apps and Platforms: Gaming's average CPI was $1 in 2022/23, while Fintech apps’ average CPI in 2022 was $2.33. The average CPI for Facebook ads in 2022 was $1.62, and for Instagram ads, it was $2.33​​.
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In light of Scenario 1, 'Ad Networks - Target Advertisements', and NEEbytes proposed data valuation mechanism, the provided analytics gain significant relevance. The rising costs in user acquisition and the challenges faced due to the decline of third-party cookies highlight the need for innovative solutions like NEEbytes.
By providing a new layer of data acquisition through Data Cards and a bidding system that respects user privacy, NEEbytes offers a compelling alternative. This solution can potentially maintain the effectiveness of targeted ads and address the potential increasing CPM and CPI costs, making it a valuable asset for ad networks and advertisers aiming to reach their desired audience in a cost-effective and privacy-compliant manner.
Considering these persuasive figures, it's reasonable to assert that as the trading of data commences, we will undoubtedly be able to reveal the true value of data for individuals when it's transacted as an asset.
Market Dynamics and Price Fluctuations
Like any currency, the value of NEEcoins is subject to market dynamics. Factors such as user growth, ecosystem development, and external market conditions will influence the value of NEEcoins.
Short-Term and Long-Term Benefits for Users
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Short-Term Benefits: In the short term, users benefit from the immediate earning potential of their data in the form of NEE coins. Regular participation and data updates lead to a steady accumulation of NEEcoins, which can be used within the ecosystem or traded on exchanges.
Long-Term Vision: In the long term, as the NEEbytes ecosystem matures and expands, the value of NEEcoins is expected to change accordingly. This presents an opportunity for users to reap significant benefits from their early participation and continued engagement in the platform.
The long-term vision of NEEbytes includes expanding the use cases for NEEcoins, further integrating them into a broader digital economy, and ensuring they remain a valuable and stable digital asset.
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Converting NEE Coins into Cash
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The ability to cash out and trade NEEcoins is vital for NEEbytes economy. Currently, NEEcoins can be traded and cashed out on the DEX-trade crypto exchange. As the system expands, we anticipate that more exchanges will be eager to include NEEcoins in their offerings. This expectation is based on the project's potential and the benefits it offers to both individuals and major industries.
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User Acquisition Strategies for the NEEbytes Ecosystem
We expect that early enthusiasts, attracted by NEEbytes' potential, will lead the way in mining and generating data within our ecosystem. As NEEbytes continues to evolve the platform, the focus will be set on introducing innovative solutions to enhance data liquidity and make data sharing attractive to new members.
One such advancement is the introduction of the NEE bot, a feature designed to bolster liquidity. This development is expected to attract a broader user base, including those who may have been initially hesitant about the potential and social value of the NEEbytes project.
We foresee a subsequent influx of new participants – both data miners and investors – further amplifying the ecosystem's liquidity and the currency's potential value as it represents users' data.
A domino effect is expected as the market gains momentum. This influx of users will lay the groundwork for extensive data provision, facilitating the development of advanced bidding features for advertising. This growth trajectory is essential for scaling NEEbytes, making it a more robust and attractive platform for all users.
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Initial Strategies to Kickstart the Data Economy in NEEbytes
NEEbytes embarks on its journey by offering users the opportunity to create their data cards. These cards are instrumental in assessing the value of different data types and guiding members in generating valuable information. We begin using the data cards to create diverse datasets, which will be used to train and develop new and existing AI, LLM models, that can be tailored to specific areas and niches.
Introducing NEEbot: The Innovative AI Out-Of-The-Box Solution
Designed to seamlessly integrate AI for companies, and mark the first major stride in providing liquidity to personal data as a tradable asset. NEEbot stands out as the first service within the NEEbytes ecosystem where subscriptions can be paid using NEE coins.
Kickstarting the Data Economy
For Businesses
Empowering Businesses: Leveraging NEE AI for Cutting-Edge Customer Service Solutions
NEE AI solution, represented by our flagship product NEEbot, is a groundbreaking integration in the NEEbytes ecosystem, setting new standards in customer service and business solutions. This AI-powered assistant is not just an add-on feature; it's a core component of our vision to enhance user experiences, provide innovative solutions to businesses and increase the need for people's data as AI will need to continue developing.
NEEbot Solution: The AI-Powered Chat Assistant
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NEEbot serves as a sophisticated, yet accessible out-of-the-box solution for businesses seeking to integrate advanced AI into their customer service. It's designed to be an easy-to-implement tool that brings the power of cutting-edge AI technology, like those developed by X, OpenAI, and Google, directly to customer interactions.
Immediate, Intelligent Interactions
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With NEEbot, businesses can experience immediate benefits in customer engagement. The AI assistant is capable of handling a wide array of customer inquiries, providing accurate, context-aware, and personalized responses. This capability transforms the customer service experience, making it more efficient and enjoyable for users.
Enhancing Data Chain with Fresh, Diverse Data
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NEEbot plays a crucial role in the NEEbytes data ecosystem. It requires fresh and diverse data to continually enhance its AI capabilities and potentially develop new AI models or fine-tuned frames. This requirement creates new opportunities for user data, as each interaction creating data cards can be potentially used to enrich the dataset that powers AI algorithms.
AI's Role in Business Solutions
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Cost-effective, High-Quality Customer Service
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NEEbot offers businesses a way to reduce costs in customer service without compromising on quality. By automating routine inquiries and providing intelligent responses, businesses can maintain high standards of customer engagement at a fraction of the cost. This approach significantly enhances the potential for boosting user acquisition and retention, particularly when visitors are interacting with the site for the first time.
Data-Driven Insights for Business Growth
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The interactions summarized by NEEbot provide valuable insights into customer preferences and behaviour for the business owner. These insights are critical for businesses to refine their strategies, tailor their offerings, and make informed decisions that drive growth and user satisfaction.
Future-Ready Customization and Expansion
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Looking ahead, NEEbot is poised to evolve further, offering customization options for specific business tasks and industries. This evolution will allow businesses to tailor NEEbot’s functionalities to their unique operational needs and challenges.
NEE AI, as showcased through NEEbot, demonstrates NEEbytes' dedication to enhancing the liquidity of NEE coins and establishing diverse market opportunities for people's data.
NEEbot solution represents a significant step towards a future where AI not only automates tasks but also enhances the quality of customer interactions, provides valuable business insights, and plays a pivotal role in the data-driven economy.
With NEEbot, businesses can leap into the future of customer service, equipped with a tool that is intelligent, adaptable, and designed to grow alongside their evolving needs.
Scenarios demonstrating how NEEbot solution can enhance business interactions and create user-friendly websites
Launching the Data Economy:
Initial Strategies with NEEbot's Out-Of-The-Box Solution
As NEEbytes moves through its initial phase, its potential becomes more evident, especially when considering AI's transformative impact.
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Let's explore some hypothetical scenarios inspired by real-world AI advancements in customer service:
E-Commerce Boost with AI
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Scenario: An e-commerce site struggles with handling many customer inquiries and slow responses.
AI Solution: Adopting an AI system like NEEbytes for managing inquiries through AI-driven conversations.
Outcome: The site sees improved customer satisfaction and faster responses, leading to more sales and loyal customers.
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Banking Sector Transformation
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Scenario: A bank is trying to improve customer engagement and make its service more cost-effective.
AI Solution: Introducing AI solutions, similar to NEEbytes, for a more proactive and personalized customer service experience.
Outcome: The bank achieves a significant increase in self-service use, cuts down service interactions, and reduces costs benefiting both customers and staff.
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Telecommunications: Enhancing Customer Experience
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Scenario: A telecom company aims to better engage customers and cut service costs.
AI Solution: Integrating AI tools like those in NEEbytes for dynamic interaction management, including chat and agent support.
Outcome: Customer engagement improves, leading to more opportunities for sales and reduced service costs.
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Insurance Company's Digital Leap
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Scenario: An insurance company is looking to modernize how it interacts with customers.
AI Solution: Deploying an AI-driven approach for personalized, proactive customer service.
Outcome: Customers enjoy more personalized service, leading to higher retention rates and lower operational costs.
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Key Insights from These Scenarios:
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AI's Role: Solutions like NEEbytes are transforming customer service from being reactive to proactive and personalized.
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Customer Acceptance: People increasingly prefer AI-driven services for their effectiveness in meeting needs.
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Business Impact: AI in customer service significantly enhances efficiency, reduces costs, and improves customer satisfaction.
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These scenarios, mirroring real industry trends, showcase the potential of AI-driven customer service like NEEbytes. They illustrate how various sectors can use AI to enhance customer experiences, boost operational efficiency, and grow customer loyalty.
Industry Insights
Artificial Intelligence is transforming customer service, a fact clearly indicated by its significant market growth and increasing adoption across industries. NEEbytes aligns perfectly with these trends to boost customer satisfaction and operational efficiency.
Rapid expansion in AI adoption underscores its importance in today's business landscape.
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Key industry insights include:
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Market Growth: Valued at $10.7 billion, the conversational AI market is expected to hit $32.6 billion by 2030.
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Dominance in Customer Interactions: AI is projected to power 95% of customer interactions by 2025.
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Rising Adoption: 37% of businesses have adopted AI, showing a 270% increase over four years.
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Costs of Poor Service: Companies lose billions annually due to ineffective customer support.
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AI's Role in Service Enhancement: AI can automate most customer queries, boosting response times and efficiency.
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Enhancing Customer Experience: Most shoppers see AI positively affecting their experience, with the majority reporting positive interactions with AI chatbots.
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Financial Benefits of AI: AI in customer service can cut costs by up to 30%, while also boosting revenue and aiding better business decisions.
As highlighted above, analytics indicate a strong need for an out-of-the-box solution like NEEbot.
Its effectiveness in adding liquidity to the system and attracting new users is clear. This sets the stage for tapping into larger industries like digital advertising, where reaching a broad user base is essential for providing sustainable and effective services to ad networks and publishers as projected and planned by NEEbytes.
What is the Value of Data?
The exact value of data for individuals remains unclear. Typically, the known value of data emerges from large quantities controlled by big corporations. These companies use this data primarily for their own interests, providing profitable services from which only they benefit.
However, we believe that the value of data will be determined by market dynamics, including the supply and demand of data being sold as NEE coins.
In the NEEbytes ecosystem, these NEE coins are used to pay for data and services. This approach suggests that as the market for data evolves, so too will our understanding of its true value, especially from the perspective of individual users and smaller entities.
Unlocking an Array of Possibilities to Acquire Data and Earnings with NEEbytes
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Data: A Source of Income in the Digital Age
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In today’s digital era, every online interaction and activity generates data, a valuable resource that until now has been underutilized by its true owners, the users themselves.
NEEbytes is revolutionizing this dynamic. We're turning what was once just a passive digital footprint into a tradable asset and a potential source of income.
NEEbytes platform empowers users to own, control, and monetize their online data in a secure and transparent way.
Data Monetization: A New Frontier
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NEEbytes is reshaping the landscape of data usage by championing the monetization of user data. We've created a seamless process for users to transform their data into a tradable digital asset, represented by NEE coins in our ecosystem. This innovative approach of converting data into NEE coins is a groundbreaking step in the data economy, encouraging new users to join and actively participate by sharing their data in exchange for financial benefits.
NEEbytes: A Data Value Bank and Active Marketplace
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Think of NEEbytes as a bank for individuals to create and deposit the data the market needs. In our active ecosystem, user data is not just a collection of information but a valuable economic asset.
By engaging with the NEEbytes ecosystem, users become key players in the digital age, with control over their data and the opportunity to leverage it for financial gain.
For businesses, this access to user data is vital for teaching LLM, enhancing user acquisition, and conducting market research.
Prioritizing User Privacy in a Data-Driven World
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In an era where acquiring data must align with respecting user privacy, NEEbytes presents a forward-thinking solution. In our ecosystem, user privacy is a core value, not just an added feature.
NEEbytes commitment to data privacy aligns with the evolving digital landscape's increasing privacy concerns. We understand that traditional data collection methods are no longer enough to satisfy modern users' privacy expectations. NEEbytes is set to redefine the standards of user data privacy and control.
Future Developments and Roadmap
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Charting the Course: NEEbytes' Vision for the Future
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As we look toward the horizon, NEEbytes is poised not just to adapt to the future but to actively shape it. Our roadmap is a blend of ambitious expansions and groundbreaking innovations, all aimed at cementing our role as a leader in the evolving data economy. This section outlines our strategic plans and the vision driving these developments.
Expanding the Ecosystem - Enhanced AI Integration
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Building on the success of NEEbot, we plan to deepen our integration with AI technologies. This includes refining our AI algorithms for more personalized user experiences and expanding our AI capabilities to offer a wider range of services and solutions.
Broadening Industry Applications: Our goal is to expand the NEEbytes ecosystem into various industries. Utilizing our unique data insights, we plan to offer customized solutions for sectors such as advertising networks and market research.
Global Expansion: NEEbytes is set to expand its presence globally, reaching new markets and user bases. This expansion is not just geographical but also includes adapting our platform to meet the diverse needs and regulations of different regions.
Vision for the Data Economy
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NEEbytes envisions a future where data is not just a commodity but a catalyst for innovation and user empowerment. Our roadmap is aligned with this vision, focusing on creating an ecosystem where user data is ethically sourced, valued, and utilized for the benefit of all stakeholders. We believe that by empowering users with NEEbytes transparent, secure, and innovative solutions, we can lead the transformation of the data economy into one that is more equitable, efficient, and user-centric.
Potential Challenges
As we usher in a new era of digital advertising with NEEbytes, it's crucial to address not only the innovations but also the potential challenges and criticisms that accompany such advancements. This section aims to provide a balanced perspective, acknowledging the hurdles while also reinforcing the platform's commitment to continuous improvement and adaptation.
Technological Challenges
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Scalability: A primary concern for NEEbytes is scalability. As the user base grows and data volume increases, the platform must maintain efficiency and speed. Strategies to enhance cloud-based infrastructure and optimize data processing algorithms are in development to meet these demands.
Integration with Existing Systems: Integrating NEEbytes with the diverse range of existing digital advertising systems presents a complex challenge. Our approach involves developing flexible APIs and customizable modules to ensure seamless integration across various platforms.
Market Readiness
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Adoption by the Industry: The digital advertising industry is often resistant to change due to its reliance on established methods. NEEbytes faces the task of demonstrating superior value and efficiency to encourage adoption by businesses and advertisers.
Competitive Landscape: In a market teeming with established players, NEEbytes must carve out its niche. Our strategy includes showcasing unique features like enhanced privacy protection and AI-driven analysis to differentiate from competitors.
User Privacy and Data Security
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Privacy Concerns: In an era where data privacy is paramount, NEEbytes prioritizes user consent and transparency in data usage. Compliance with GDPR, CCPA, and other data protection laws is central to our operations.
Data Security Risks: Recognizing the risks in data handling, NEEbytes employs robust encryption, regular security audits, and real-time monitoring to safeguard against breaches and unauthorized access.
Regulatory Compliance
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Adherence to Global Standards: NEEbytes is committed to adhering to international data protection and privacy standards, continually updating its practices to stay in line with evolving regulations.
NEEbytes is not just a technological innovation; it's a platform that evolves in response to industry needs, user feedback, and regulatory landscapes. Our commitment to addressing these challenges head-on is unwavering, and we continue to strive for excellence in redefining the digital space.
Conclusion
Embracing the Future with NEEbytes
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As we conclude this exploration of NEEbytes, it's imperative to reflect on the journey we've embarked upon. NEEbytes is not just a technological innovation; it's a visionary step towards reshaping the digital advertising landscape. Our journey through this whitepaper has highlighted NEEbytes' unique capabilities – from leveraging cutting-edge AI to ensuring user privacy and delivering unparalleled advertising efficiency.
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Recap of NEEbytes' Features and Benefits
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NEEbytes stands out in the crowded digital advertising space with its robust data analysis, user-centric privacy approach, and adaptive AI algorithms. These features position NEEbytes not only as a tool for today but as a foundation for the future of digital advertising.
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Acknowledging and Overcoming Challenges
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NEEbytes recognizes the challenges ahead, from technological hurdles to market acceptance. Yet, our commitment is unwavering. We are dedicated to navigating these challenges, continuously refining NEEbytes, and ensuring it not only meets but exceeds industry standards and expectations.
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Vision for the Future
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Looking forward, NEEbytes aims to be at the forefront of digital advertising evolution. We envision a platform that not only responds to market trends but sets them. Our commitment to innovation is relentless, ensuring that NEEbytes will evolve with the ever-changing digital landscape.
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A Call to Action
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We invite you, our readers, potential customers, and partners, to join us in this exciting journey.
Your insights, feedback, and collaboration are invaluable as we strive to make NEEbytes a beacon of innovation in digital advertising and AI world.
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Final Thoughts
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NEEbytes is more than a platform; it's a commitment to excellence, privacy, and forward-thinking solutions. As we step into the future, NEEbytes will be leading the way, illuminating the path for a smarter, more efficient, and more ethical digital advertising world.
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Let's embrace this future together with NEEbytes – where innovation meets practicality, and where the future of digital advertising begins.
Legal Disclaimer
Important Notice to Readers
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This whitepaper is intended solely for informational purposes and does not constitute any form of investment advice, business recommendation, or offer to buy or sell any assets. The content of this document is not a promise or guarantee of future performance or success of the NEEbytes project, its tokenomics, or any aspect of its ecosystem. Potential users and investors should conduct their due diligence and consult with professional advisors before making any investment decisions.
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Limitations of the Document
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Not a Binding Commitment: The information provided in this whitepaper does not represent a binding commitment or obligation on the part of NEEbytes or any affiliated entities. The project's roadmap, projections, and aspirations outlined in this document are subject to change based on market trends, technological developments, regulatory environment, and other factors.
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Forward-Looking Statements: This whitepaper may contain forward-looking statements regarding the anticipated future growth, features, and functionality of the NEEbytes ecosystem. These statements are based on current expectations and assumptions that are inherently subject to risks, uncertainties, and changes in circumstances.
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No Assurance of Outcomes: While we strive for accuracy and completeness in presenting our vision and plans, we cannot assure readers that the objectives and goals of the NEEbytes project will be achieved. Market dynamics, technological advancements, and regulatory changes are among the many factors that could impact the project's future development and success.
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Regulatory Compliance: NEEbytes is committed to adhering to all applicable laws and regulations in the jurisdictions where it operates. However, the regulatory environment surrounding blockchain technology, cryptocurrencies, and digital data is complex and subject to change. We cannot guarantee that our project's current design will always be fully compliant with future regulatory developments.
Readers are advised to treat the content of this whitepaper as a starting point for their understanding of the NEEbytes project. It is not a definitive guide to the project's future and should not be used as the sole basis for any financial or investment decisions. The NEEbytes team invites interested parties to monitor our developments and participate in our community discussions to stay informed about the latest updates and changes.
Glossary
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NEE Explorer: A user-friendly tool within the NEEnetwork blockchain that enables real-time monitoring of transactions, access to wallet balances, and insight into the overall health and activity of the NEE blockchain network.
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Smart Contracts: Automated, self-executing contracts with the terms of the agreement between two parties being directly written into lines of code.
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Fingerprinting: A technique that combines backend specifications into a unique ID for each user, often considered more invasive than cookies as it collects detailed information about a user's device and browser settings.
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Identity Graphs: Use machine learning to create comprehensive user profiles by compiling extensive user data across platforms and devices.
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Blockchain Technology: A decentralized technology used in the NEEbytes ecosystem for data security and immutability, enabling secure trade and transfer of digital assets.
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NEEcoins: The digital currency of the NEEbytes ecosystem, representing the value derived from user participation and data contribution. They are tied to the value of user data, with each interaction and data card update translating into NEEcoins.
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Data Utilization: The foundation of NEEbytes' economic strategy, involves the use of user data for various purposes including offering ad networks access to detailed and precise customer profiles for targeted advertising.
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Federated Learning of Cohorts (FLoC): A machine learning algorithm designed by Google to target advertisements to groups of users with similar interests without removing user data from personal devices, thus maintaining user privacy.
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Data Cards: Data Cards are a unique feature within the NEEbytes ecosystem designed to enable users to generate and share their personal data in a controlled and secure manner. These cards function as a user-friendly interface where individuals can input specific pieces of information about themselves, such as preferences, behaviors, and demographic details. Each Data Card contains a series of questions or prompts, which users can respond to, thereby creating a dataset.
References
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What Are Third-Party Internet Cookies, and Why Is Google Killing Them?
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The End of the Third-Party Cookie: What Marketers Need to Know About Google's Phase-Out
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Publishers Brace for the Impact Of Apple’s New Privacy Controls
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What do consumers really think about sharing their personal informatio
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Hyper-personalizing the customer experience using data, analytics, and AI
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Transforming customer service: How generative AI is changing the game
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Facebook Reaches Settlement with ICO over Data Protection Fine
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FTC Imposes Penalty and Sweeping New Privacy Restrictions on Facebook
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Mark Zuckerberg leveraged Facebook user data to fight rivals and help friends, leaked documents show
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Internal Emails Shine Light On Facebook's Approach to Sharing and Selling Data With Developers
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Andrew Yang on Google, Amazon helping pay for his Suggestive UBI plan