Frequently Asked Questions About Jupiter Chain
What is Jupiter Chain?
The Jupiter Chain project is a Smart Consentable Data Exchange platform that aims to create a privacy-preserving federated blockchain which enables the use of analytics. Data owners control their data and provide access to receive tailored services. The first use case will be for smart contract as a credit assessor and second as a data subscription services.


Jupiter Chain is a blockchain project by JEDTrade.

Who is the founding team behind Jupiter Chain?
Jupiter Chain is made up of a team of experienced ex-bankers and tech experts in the areas of cryptography, blockchain, PKI and cybersecurity.
What is JEDTrade and what services does JEDTrade provide?
To learn more about JEDTrade, please visit https://jedtrade.com
What are you trying to solve?
The idea behind Jupiter Chain is far sighted. As we are towards an age where transparency and connectivity rules all, it is also a time to look into decentralisation as well as at the expense of visualising a new data economy whereby data can be exchanged for the betterment of analytics in a privacy-preserving way benefiting both data users and data owners.
What kind of data will be stored? Where will the data be stored?
There are two types of data, identity and transactional data.

Identity data is sensitive and should be stored by secured and trusted identity verifiers on the network. Examples of identity verifiers could be utility companies, financial institutions or government agencies. They are required to host a server that connects to the network.

Transactional data are stored and replicated across all nodes on the local blockchain. This data will be encrypted and decrypted only with the user’s consent.

Does this mean the data receiver will pay JUPT to the data owner in order to have access to their data? Does this also mean the owner will have full control of their data and can decide whom they should sell their data to in order to receive JUPT?
Yes, there are two key use cases. One if data is consented for assessment. For example, if a loan is requested. Access will be given to receive tailored services. This use case may not necessarily entail a token exchange. The aim is to do this assessment in a privacy-preserving way. The second use case is to deploy a smart contract as a data subscription service. Here the contract will directly pay out tokens to participants. Data is collected at a massive level and anonymised. Data owners can decide if they want to participate in the provision of data.
How to deal with large storage needed at each participating node if all transactions are to go into blockchain?
Data in the local blockchains are stored in the with trusted ecosystem partner nodes. These transactions would be low payload like bitcoin transactions. The mainchain will not replicate the local ecosystem transactions.
Transactions history may have some PID too (account numbers?) - How does Jupiter Chain deal with that?
Sensitive data will be encrypted before they are placed on the blockchain. This is only decrypted when the data owner gives permission.
On which blockchain protocol is your token built on?
At present, to facilitate the crowdsale process until the development of our own blockchain, JUPT will be built on Ethereum, ERC20 implementation
When is the token swap and what does that mean?
Token swap date is anticipated to be around Q3 2018. The ERC20 JUPT tokens will be committed to a dedicated smart contract (locked up) and the equivalent will be issued on the Jupiter Chain’s public chain.
What date is the commercialisation of the platform expected?
Commercialisation will start with the Token swap. Financial institutions and merchants who have come onboard will start enabling transactions and data collection on the Jupiter chain with JUPT
What is the value proposition of Jupiter Chain?
An infrastructure platform that allows the freedom to share data of each individual in a privacy-preserving manner and to allow tailored services to be push across individuals that best need it by creating a reputation based identity build upon AI and machine learning.
How will the project be funded?
There is no public sale, Jupiter Chain will be privately funded. We are still open to partners or funds who believe in this project and wants to come on board.
Who are the competitors? There are many projects that are doing the same thing as what you are doing, what differentiates Jupiter Chain?
There are many similar projects out there at the moment that are focusing on decentralised identity management and data blockchain projects. However, what we are building incorporates the use of a federated blockchain model where networks of networks can interact in a privacy-preserving manner; with the aim of revolutionising the current data economy. There are similar models out there, but we are focused on catering to our use cases which concentrate on delivering a scalable solution on a federated blockchain model (read whitepaper for a discussion on that). We are looking at providing value-added assessment services using the data and exploring privacy techniques. Less focused on the commonly targeted marketing use cases.

There are several projects in this space and I believe we are all doing good work in progressing the research and development of blockchain data platforms.

Jupiter Chain’s design is first and foremost focused on enabling our use cases. These are based on ecosystems with trusted partners providing validated data. We believe that having our own public mainnet will not only allow for the transfer of data and value across the different use cases but also will have less friction than a general-purpose public blockchain.

Our research focus which is what most of the funds raised will go towards is to develop privacy-preserving analytics where there are no custodians of data other than the data owners themselves. We believe that this will be the key enabling factor towards a new data economy where data privacy regulations are met and a level playing field for all.