One of the revolutionary technology in the 21st century is Blockchain and it has received an enormous growth due to the solutions it brought to a real-world situation.
You can imagine, how the world shares money and information, and several use-cases attached to this tech this baffle many, while some want to learn about the tech, others try to counter it, and being a decentralized system, it is difficult to tackle as it lacks centralized authority when it comes to control.
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Let's Talk About Social Mining In Blockchain
The evolution of social media is called social mining, which can also be called data mining because it has to do with data on social media. As we know, data can be quantified, and that is why is sellable. Yes, many companies are making a lot of money through this without thinking about the people that generate all this data for them. They also manage your content because of its centralized system which can be managed and controlled by an entity.
Now, the #DaoLabs introduced a virtual-voting system on the activity of social media users, monetizes the engagement on the activity, and generates revenue/income for those users in a fair mode on a recognized social media platform. DaoLabs come up with this solution to create jobs and opportunities for everyone, no matter their status, an opportunity to become stakeholders with their individual share defined by the quality of effort and time channeled into the project. This is huge.
In 2019, Avalanche blockchain tested this solution and still using it as one of their marketing tools which brings awareness to their ecosystem and rewards the user that engages in that promotion or activity.
More Advantages of Social Mining In Blockchain
Before revealing more advantages of #SocialMining in blockchain, understanding where this solution is applicable is important.
Checking through the DaoLabs official website by doing your own research will give you an overview of how to begin and where but everything you are doing is through your personal social media handle and it is free to register. However, DYOR.
🍟 More Advantages
💎 Fair Reward System: You receive your reward based on your activities executed.
💎 Equality of Opportunity (No gender barrier): Everybody is equal.
💎 Distribution of Wealth: You keep earning in as much your content keeps generating engagement.
Blockchain Projects Using Social Mining At DaoLabs
#Avalanche Blockchain
#Polygon Blockchain
#KAVA Network
#WAX Blockchain
All these four social mining platforms a single user can from there, including the social mining platform for DaoLabs (DAOVERSE). This simply means, there are five social mining platforms at the moment.
I will conclude to say, Social Mining is leveraging on a network of contributors bringing in their diverse skill sets to make a product successful. Take some moment to carry out research on Social Mining and drop your comment on this post for assistance.
Note: I am not a financial advisor, take this article as an educational piece that requires more research on a personal note.