Every day we spend browsing the Internet. When we search something on Google, post and like content on Facebook or Instagram we, in fact, generate valuable data that these companies sell to the advertisers making a profit. Apart from that we have no idea whom our information is shared with, wouldn’t it be fair and cool if we could make a bit of extra money from this as well? After all, it’s we who generate all this information.
DataWallet offers an interesting concept that allows us to take control of all the information we generate. If advertisers need our data why give it to them for free? DataWallet provides a decentralized data exchange where all the information users generate can be sold to the companies of their choice. It can benefit marketing companies as well since they get access to the information bypassing intermediaries, paying less than say when they buy data from IT giants like Facebook or Google, and, eventually, it allows them to form a better understanding of user preferences. Another way to increase the utility of user-provided information is the DataWallet API which allows programmers to create various applications that use AI to operate and analyze user data.
DataWallet Data Marketplace is based on blockchain technology which ensures safe and reliable transactions without the participation of the third-parties. All the operations within the platform are conducted using Data Exchange Token (DXT) Tokens are earned by platform users when they share their information with the selected companies. In turn, users can use their DXT tokens to subscribe to various AI-powered services provided by the system as well as exchange them for cryptocurrencies or fiat money. The platform supplies users with a wallet application the can be linked to various data sources like social media or the online commerce sites, and where users can conduct transactions trading their data and keep their profits.
DataWallet is planning to conduct a token sale where 250,000,000 DXT tokens will be sold. The company expects to raise $30,000,000 via the token sale. Attracted funds will be used to facilitate the further development of platform services.
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Authored by: faragly
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