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117%
Raised
£877,550
Investors
542
Target
£750,000
Equity
8.07%
Pre-money valuation
£10,000,000

Big Data is becoming one of the most valuable assets in the world, being exploited by small oligopolies. While you, the USERS, the real data generators are being left out. Using the Blockchain technology, GeoDB will reward any user or company around the world for the data they generate

  • GeoDB aims to pay anyone around the world for their generated data
  • Allows data buyers to access trusted, encrypted and accurate datasets
  • Plans to solve the inefficiencies of the $166bn Big Data Industry
  • By creating a safe, valuable and efficient Big Data marketplace

Idea

GeoDB is a decentralized protocol powered by blockchain.

What makes GeoDB unique is its encrypted, safe, transparent, verified, accurate and decentralised datapool nature. In essence, it is a big data marketplace, which aims to solve the existing problems of the huge big data industry.

At one end, users upload their data to the protocol. In exchange, the protocol rewards them for that generated data. Meanwhile, at the other end, data buyers access the data pool and purchase those datasets.

Additionally, as it is based on blockchain, developers can add resources to the protocol and are also rewarded for it.

Thus, GeoDB is a circular, organic and perfectly assembled tokenised model, in which every player is being remunerated, reaping the benefits of data commercialisation in the most effective and efficient possible way.

On the data buying side, there are all sorts of data seekers: analysts, data scientists, data managing and reselling companies, marketers, large corps and enterprises, among many others.

On the uploading side, there are 2 main agents:

- Users: they will be able to upload their data and receive the payment; and

- Companies: Our research suggests that startups, small businesses, corps and enterprises of any kind are interested in developing a new revenue stream this way, which in our opinion, is integrated in the easiest and most seamless possible way with their services.

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GeoDB has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.