Banking On Granular Information Ownership

People are comfortable and familiar with monetary banks. They're a safe place to put their money in, take it out or transfer it when they choose. They love the increased on-line banking services, too, which means even more on-demand convenience and control.

In between these deposits and withdrawals, the monetary banks provide valuable services. They rent their customers' deposited funds, and pay rental fees (in interest) to customers. They provide a critical component to a very complex web of communications involved in our everyday transactions (like writing a check for purchasing groceries).

The banks make money themselves from charging interest on loans to third parties for house loans, car loans, etc. But the point is that the monetary banks do not own their customers' monies. When a customer writes a check or makes a withdrawal, that demand is immediately honored.

Why can't people bank their information like they bank their money?

Currently, online companies disclose how they handle people's information but little direct, on-demand control over data is provided to the actual owners of the information. Laws are passed to protect information confidentiality but at the end of the day the Internet companies do not 'bank' information like monetary banks 'bank' people's money. Not even close.

It is not difficult to imagine who really benefits from this way of 'doing business'. Remember the old adage, "Possession is nine-tenths of the law"?

Now, imagine a granular information banking system that does for information what monetary banks do for our money. That is, a granular information banking system that provides similar on-demand convenience, control and compensation for the use of deposited information.

Introducing Pardalis

The ever increasing usage of unique identification on the Internet as applied to both people (e.g., social security numbers) and products (e.g., unique serial numbers) is raising the level of consciousness of people and other information producers about information privacy and confidentiality. The question being more and more asked is:

Who owns my information? Who owns my data?

Pardalis has developed innovative methods, and engineered one of the first Semantic Web platforms, for protecting the granular information ownership rights of each information owner or producer when they share valuable information with another even when the web of communication is at its most complex.

Granular information ownership matters because it motivates the increased availability of information similar in many respects to how monetary banks motivate customers to deposit money with their institutions.

Imagine what the world would be like without monetary banks. Now, imagine what the world could be with granular information banking.

Even with the increased usage of unique identification for both people and products, without a granular information banking system relatively little information is available and accessible compared to what could be. This applies to information about cargo containers, organic foods, automotive parts, pharmaceuticals, hazardous substances, livestock, etc., along very complex supply chains.

And it applies to complex service supply chains like those which could efficiently and confidentially make available information about medical services and related personal health records.

Pardalis' patented Common Point Authoring™ technology is a web service providing a granular information banking system for cost effectively empowering information owners and producers to directly own, protect, and control their 'banked' information in an increasingly on-demand world.

Pardalis provides new choices for people to bank their information like they bank their money.

Please browse our website for more information. There is a thumbnail link at the top of this page for viewing (or downloading) a more detailed white paper. We welcome your questions and comments.