Senno, a Hong-Kong based project that wishes to create “an ecosystem of crowd wisdom” through sentiment analysis based on real-time data collection, has officially announced its final token metrics. After the recent conclusion of its crowd sale and token distribution, the team has also published articles describing the planning and construction of its project.
Senno has reduced its total supply to 3,901,979,694 SENNO tokens by burning over 6 billion SENNO in early November. Circulating supply stands at 1,560,791,877 SENNO. The distribution stage has ended.
According to Senno, 30 percent of its token supply will be locked to reward contributors to the Senno project. Contributions may come in the form of lending the use of computing hardware, allowing Senno to access users’ private data, and by developing plugins and data collection tools for Senno.
Senno Project Overview
In short, the Senno Protocol is responsible for managing the digital IDs of consumers, and then storing their personal information in encrypted, distributed data storage. An “addon services layer” containing AI algorithms is responsible for producing insights based on the user data; while a “blockchain protocol layer” handles payments, data storage, and permission management. Senno aims to give consumers control over what types of data they choose to share, and compensate them accordingly.
Senno ID and Distributed Storage
The Senno Protocol contains a cross-platform “Senno ID Chain” linking centralized networks such as Facebook together with digital identity certificates generated by decentralized blockchains such as Ontology. By doing so, the Senno project wishes to gain access to and correlate user-generated data that is currently in isolated environments.
Besides correlating on-chain and off-chain data, Senno also wishes to enable separate “control and monetization” for every category of consumer data it collects. To facilitate this, Senno has also designed a “secure, decentralized” system that stores encrypted user data and enables users to sell specific access to “any piece of data” they wish, such as medical records.
Senno’s full token metrics and project overview announcements can be viewed in full at the following links: