Airbloc PriceABLInactive

What is Airbloc (ABL)?

Airbloc (ABL) is a blockchain-based project positioned as a privacy-first data exchange platform. It functions as a decentralised advertising data marketplace and a decentralised personal data protocol, designed to return data ownership to individuals while enabling enterprises to exchange customer data in a compliant and transparent manner. The project operates on the Ethereum platform, with its technology also running on Klaytn's blockchain, where Airbloc acts as an ecosystem partner.

At its core, Airbloc leverages smart contracts to automate and enforce the terms of data transactions, ensuring that all exchanges are immutable and verifiable. The platform uses Solidity for smart contract development and JavaScript for client-side operations. Its architecture emphasises consent management, real-time data exchange, and end-to-end compliance, allowing businesses to gain deeper insights into customer data without sacrificing privacy.

The ABL token governs the platform, with smart contracts managing its utility. The total supply of ABL tokens is 400,000,000. Some data providers list the current supply as 0, reflecting inactive tracking; the issued total is 400,000,000 ABL. The project launched its Token Generation Event in August 2018 and has since focused on building a data alliance ecosystem for enterprises and individuals alike.

Key Specifications & Tokenomics

• Name: Airbloc
• Ticker / Symbol: ABL
• Blockchain / Platform: Ethereum; technology also operates on Klaytn
• Token Contract Address (Ethereum): 0xf8b358b3397a8ea5464f8cc753645d42e14b79ea
• Programming Languages: Solidity and JavaScript
• License: MIT license
• CertiK Rating: 2.9 out of 5 (issued by CertiK)
• Total Supply: 400,000,000 ABL
• Max Supply: 400,000,000 ABL
• Circulating Supply: Circulating supply figures vary between data providers; check a live tracker for the current figure.
• Token Utility: Governs the platform; smart contracts govern the token ABL; users are compensated for their data
• Category: Data Exchange, Privacy, Advertising, Decentralised Marketplace
• Explorers: etherscan.io; ethplorer.io
• Source code: github.com/airbloc/token
• Whitepaper: V1.0 (February 2018) and Technical Whitepaper V2.0 (October 2018), at github.com/airbloc/whitepaper

Airbloc uses a dual-token model: ABL is the transferable ERC-20 used to buy and sell data, while AIR is a non-transferable reward token earned by users who share data and convertible to ABL at 1:1. Data refiners must stake ABL as a deposit.

The ABL token contract is verified on Etherscan, so holders can confirm the contract address before interacting with it.

Who created Airbloc?

Airbloc's core team includes several identified contributors. Sungpil Pil serves as CEO, leading the project with a vision for data democratisation. Wonkyung Lyu is the development team lead and was selected as one of the National TOP 8 software developers of Software Maestro. Hunjae Jung and Naeun Kim are listed as team contributors. Roi Nam is named as CEO in the April 2018 one-pager; Sungpil Pil is listed as the current CEO. The one-pager notes that both Roi Nam and Wonkyung Lyu were selected as National TOP 8 software developers of Software Maestro. The project is operated under AIRBLOC PTE. LTD., with copyright dating to 2018.

Airbloc launched as a reverse ICO backed by AB180, a Korean big-data and digital-advertising company, with investors including Fenbushi Digital, Huobi Capital, OK Blockchain Capital and the ICON Foundation.

How does Airbloc work?

Airbloc operates as a decentralised data exchange platform built on Klaytn's blockchain, which provides high performance and scalability. The system ensures that data provenance and flows are transparent and secure. Participating enterprises within a data alliance can exchange data in real-time via HTTPS connections using REST APIs. Data is transmitted in JSON/application format through inbound and outbound channels, while quantitative data can be exchanged using batch file dumping via AWS S3.

Consent management is a central component. Enterprises are provided with REST APIs to read and update their customers' consent information regarding data collection and utilisation, covering opt-in and opt-out preferences. If a customer opts out, their data is automatically deleted within one business day. Hashed customer consent information is uploaded onto the blockchain through smart contracts, ensuring end-to-end compliance in data exchange and utilisation.

Consent is recorded on-chain via DAuth, a protocol that logs explicit user consent; no data exchange can occur without a verified consent record.

Smart contracts automate and enforce the terms of data transactions, reducing the risk of data breaches and unauthorised access. The use of blockchain technology ensures all transactions are immutable and verifiable, fostering trust and accountability throughout the data exchange process. The platform also supports marketing offer consolidation, allowing companies across different industries to exchange user behaviour data based on consent and customer cohort filtering, enabling personalised promotional offers and joint-marketing activities with budget management, campaign triggering conditions, and frequency capping.

What makes Airbloc unique and valuable?

Airbloc distinguishes itself through its privacy-first approach to data exchange. Unlike traditional data marketplaces where user data is often collected and monetised without explicit consent, Airbloc returns data ownership to individuals, empowering them to control and monetise their personal information. Users are compensated for their data, creating a fair and transparent marketplace.

Its key product is the ABX real-time data exchange platform, which adds real-time data streaming so enterprises can act on behavioural data instantly; app developers can integrate the Airbloc SDK to contribute user data and monetise their user base.

The platform's consent management system ensures that opted-out customers' data is automatically deleted within one business day, addressing privacy concerns in an era of rampant data breaches. By utilising smart contracts, Airbloc automates and enforces data transaction terms, reducing the risk of unauthorised access. The use of blockchain technology ensures all transactions are immutable and verifiable, fostering trust and accountability.

For enterprises, Airbloc enables the unification of fragmented customer data across different companies within a data alliance, providing deeper insights for product development, marketing, research, customer experience, and business intelligence. The platform's compliance layer, which uploads hashed customer consent information onto the blockchain, makes it attractive for businesses looking to exchange customer data without compromising privacy. As Klaytn's blockchain ecosystem partner, Airbloc benefits from a high-performance blockchain infrastructure that supports transparent and secure data provenance.

What is Airbloc used for?

The ABL token governs the Airbloc platform, with smart contracts managing its utility. Users are compensated with ABL for sharing their personal data, creating a direct incentive for participation in the data marketplace. The token facilitates the exchange of data between enterprises within a data alliance, enabling companies to gain deeper insights into customer data without sacrificing privacy.

Enterprises use Airbloc's consent management platform to read and update customer consent information, ensuring compliance with data protection regulations. The platform's real-time data exchange capabilities allow companies to send and receive data in JSON/application format via REST APIs, or exchange quantitative data through batch file dumping via AWS S3. The compliance layer ensures that hashed customer consent information is uploaded onto the blockchain through smart contracts, providing end-to-end compliance in data exchange and utilisation.

Additionally, Airbloc supports marketing offer consolidation, enabling companies within an alliance to enrich their promotional offers with larger packages and conditional vouchers that are mutually beneficial and personalised for each user. The platform also helps manage budgets for marketing campaigns, manage campaign triggering conditions, and frequency capping for automation of joint-marketing activities. The Privacy-First DMP is another platform offering referenced on the official website.

How Is the Airbloc ecosystem developing?

Airbloc's ecosystem is centred around its data alliance, where enterprises exchange data to gain deeper insights into customer data without sacrificing privacy. The consent management platform provides REST APIs for reading and updating customer consent, with opted-out customers' data automatically deleted within one business day. The real-time data exchange system supports JSON/application format via REST API inbound and outbound channels, as well as batch file dumping via AWS S3.

The project evolved from its original Databloc concept into the ABX real-time data exchange platform and later integrated with Klaytn as an ecosystem partner; it initially focused on enterprise adoption in Korea and the Asia-Pacific.

The compliance layer uploads hashed customer consent information onto the blockchain through smart contracts, ensuring end-to-end compliance. Marketing offer consolidation is in development, aiming to enable joint-marketing activity, user behaviour data exchange based on user consent, customer cohort filtering, promotional offers with larger packages and conditional vouchers, budget management for marketing campaigns, campaign triggering conditions, and frequency capping for automation.

Airbloc is a Klaytn blockchain ecosystem partner, relying on Klaytn's blockchain to collect and manage information regarding personal data usage consent. The project maintains an official website, Medium blog, Telegram community, and a Bitcointalk thread. A request for demo is available via the official website. The ecosystem also includes The Privacy-First DMP as a platform offering.

Key risks include dependence on reaching critical mass of users and enterprise partners, competition from other data-marketplace and Web3 privacy projects, cross-border data-privacy regulation (such as the GDPR), and thin token liquidity that may weaken platform incentives.

How to mine Airbloc?

Airbloc (ABL) is not a mineable cryptocurrency. It operates as a token on the Ethereum platform and Klaytn's blockchain, with its total supply of 400,000,000 ABL tokens created during the Token Generation Event. ABL is not mineable. It is not a proof-of-work asset; instead, data refiners stake ABL as a deposit, and users earn the non-transferable AIR reward token for sharing data.

Instead, the ABL token is governed by smart contracts, and its distribution occurred through pre-sale, main sale, and airdrop events. The ABL Airdrop Event ran from 18 May to 29 June 2018, and the token was listed on 13 August 2018.

No vesting or unlock schedule is documented in the available sources. Users are compensated for their data through the platform's data marketplace, which serves as the primary means of token distribution and utility within the ecosystem.

How to keep your Airbloc Coin safe?

Keeping ABL tokens safe requires standard cryptocurrency security practices. Since ABL is an ERC-20 token on the Ethereum blockchain, it can be stored in compatible wallets that support Ethereum-based assets. Users should ensure their wallet's contract address matches the official ABL token contract address to avoid confusion with unrelated tokens or entities.

Hardware wallets provide an extra layer of security by storing private keys offline, protecting against online threats such as hacking and phishing. Software wallets and browser extensions should be downloaded from official sources, and users should verify contract addresses before conducting any transactions. The ABL token contract is verified on Etherscan, which allows users to confirm the legitimacy of the token before interacting with it.

Users should also be cautious of phishing attempts and fake websites. The official Airbloc website and Medium blog are the primary sources for announcements and updates. Community members should verify information through official channels before acting on any claims. Additionally, since Airbloc emphasises compliance and data privacy, users should review the platform's consent management policies to understand how their data is handled. For long-term storage, cold wallets are recommended, and private keys should never be shared with anyone.