COVA is a new paradigm for capitalizing data. At present, data is becoming the most important resource in human society. However, backward property rights definitions and infrastructure make it difficult to implement data monetization. COVA provides unique solutions to this dilemma, making natural resources valuable currency and promoting data assetization.

Project operation method

Start with data from multiple sources
Data is one of the most valuable assets for an organization. More than 90% of the world’s data today is still locked in data silos due to privacy concerns. Enter the COVA Unity platform. The COVA Unity platform integrates seamlessly with existing databases, requiring only a specific form of encryption and open network connectivity.

Create the correct data strategy
Once the database is encrypted and connected, a programmatic data usage policy needs to be created to express access rules. Complex access rules can be expressed through programs. As a starting example, a statistically only policy may be created to review user-level information while allowing the extraction of advanced statistics.

Open data access
Requests from third-party users are automatically checked based on the specified data usage policy before access is allowed. With the help of the COVA platform, the limitations of enterprise data can be released to the greatest extent without damaging the privacy of user data.

Technical Features

Blockchain
Licensed blockchain systems are used to allow high-performance communication between platform components and to allow affordable microtransactions. Public blockchains such as Ethereum and Binance Chain are used as financial settlement ledgers.

Te-way
Supporting the COVA Unity platform is the basis of TEE nodes running COVA software and provides safe and reliable execution capabilities. All the data and code processed by the COVA network is securely pieced together, hidden and protected within a secure area.

Data Policy
Programmatic data policies bridge semantic concepts from natural language to machine-executable policy code. They provide data owners with a new tool to prevent their valuable data from being misused.

Shared Infrastructure
The COVA Unity platform provides a computing infrastructure. This design eliminates the need for enterprises to gain extensive expertise in blockchain or TEE technology and makes the integration process easy without maintenance.

Application Scenarios

Health Care
Data sharing among medical institutions will accelerate the development of new drugs, new therapies and basic scientific research. However, data repositories such as hospitals cannot currently share useful data without undermining patient privacy. COVA Unity is a tool for hospital administrators and chief physicians to share their data with third-party research institutions and commercial organizations, while providing comprehensive protection of patient privacy.

Social Media
Social media companies have been under increasing scrutiny for infringement of user privacy recently. Millions of data inputs used for scientific research may end up in the hands of malicious actors. These companies can prevent further scandals by deploying COVA Unity. A COVA Unity data usage policy can be written that only allows approved operations to be performed on that data and effectively prevents abuse by malicious actors.

Retail
Since the invention of the recommendation engine, e-commerce sites have collected extensive user browsing data through cookies and collaborated with other entities through cross-site tracking. These data have been successfully converted into targeted advertising and have become an indispensable revenue growth point. However, online users are increasingly concerned about sharing their browsing and financial information, and many are calling for new regulations on how their data is collected and used. COVA Unity can help e-commerce websites maintain current status of effective data collection and cross-sharing while protecting granularity levels of consumer information.

Law Enforcement
By collecting comprehensive data on all citizens, the government surveillance program has grown to an unacceptable scale. This is not necessarily the case. With COVA Unity, law enforcement agencies can collect statistics about their citizens to monitor any suspicious behavior, and the government can identify specific user-level information only if there is strong enough evidence to support it. This paradigm enables a privacy-respecting surveillance program that enhances national security and citizen privacy.