The MCC’s user consent platform enables a data subject to exercise the full ownership and control over his/her personal data. With this feature, an individual can manage its own data and receive compensation from the data consumer. The data handled in the MyCreditChain ecosystem will be encrypted and stored in a distributed database.
MyCreditChain aims to produce Trust Data, which provides a multi-dimensional depiction of an individual’s trustworthiness. Trust Data can be used in not only the financial sector but in every industry that looks for a means to have a deeper understanding of customers’ social and economic value.