Respect Network has opened public registration for what it deems will be the world's first global network for trusted private peer-to-peer (P2P) data sharing in a bid to restore privacy on the Internet.
The Respect Network has been in development for more than three years, according to chief executive officer (CEO), Drummond Reed. He claims it differentiates itself through a different ownership and use of information model, when compared to existing social network and Cloud providers.
He said, "It puts control back into the hands of individuals and not only gives them the choice of how their information is used, but compensates them for their value."
It does this by employing international principles of Privacy by Design to overturn centralised social network models. Each person or business on the network has its own private Cloud from a provider of choice.
All sharing is done over private P2P connections between members to emulate the simplicity of public data sharing on Google, Facebook, and others.
The Respect Network is running a First Million Member Campaign to coincide with the launch which aims to attract users in order to raise $US25 million to grow the network.
A lifetime membership to the Respect Network costs $US25 (£17) and includes a lifetime Cloud with a personal 'Cloud name' that begins with an equals sign (for example, '=your.name').
Of the total, $US8m will be used for a Development Grant Program to fund development of new applications and services for the network.
More than 70 founding partners were involved in the launch of the Respect Network in London's City Hall overnight, with further events scheduled for San Francisco, Sydney, Tel Aviv, and Berlin throughout June and July.