Algebraix Data, The Company Enabling Consumers to Own and Monetize Their Own Data, Hires Legendary Analyst and Author as Chief Strategy Officer

AUSTIN, Texas, Aug. 24, 2017 /PRNewswire/ -- Algebraix Data, which has created a new field of applied mathematics for software development, has announced it has brought aboard best-selling author and corporate IT analyst Dr. Robin Bloor as the company's Chief Strategy Officer.

Dr. Bloor is the founder of Bloor Research, one of Europe's leading independent IT research, analysis and consultancy firms and the co-founder of The Bloor Group, the innovative US-based media IT research and analysis firm. He has authored several books, including The Electronic Bazaar: From the Silk Road to the eRoad, a business bestseller in the dot com era. He is a well-known and frequently quoted expert in the areas of big data, analytics, AI, databases and IT security.

In his new role, Dr. Bloor will oversee the creation of a new generation of software built on data algebra, the new standard for data query performance with products that enable faster insights, improved multi-user concurrency, lower infrastructure costs and reduced database administration.

"We are very fortunate to have Dr. Bloor as a leader on our executive team," said Algebraix Data Chairman and CEO, Charles Silver. "Everyone in the tech industry knows his work, and regards him as not just a leading analyst, but as a leader and a visionary. He has been highlighting the value of personal data for decades, and saying that new technologies and approaches will enable individuals to own and monetize that data. Now that day has come, and Dr. Bloor will be driving that vision with us."

Founded in 2010, Algebraix Data is the inventor of data algebra(TM), a new field of applied mathematics that will make use of blockchain, cryptocurrency and other technologies to enable individuals to monetize their own personal data for the first time. Today, technology companies like Facebook and Google collect and monetize such data, and consumers do not have the means to profit from something that rightfully belongs to them.

The company is building a secure, blockchain-based data market that will allow individuals to store, manage and monetize their own data with the launch of a new cryptocurrency. Aside from managing the data market and databases services, Algebraix Data will also establish an ecosystem of applications to serve this market, both through direct development and by partnering with other software providers.

About Algebraix Data

Algebraix Data builds software that applies data algebra(TM) to complex software engineering problems. Data Algebra makes unique algorithmic contributions to improve resource efficiency and enhance scalability. The company will launch a new cryptocurrency, ALX coin, to build a secure, blockchain-based data market, which for the first time will allow individuals to securely store, share, and monetize their own data.

Contact: Stacy Silver, [email protected]

SOURCE Algebraix Data