The Hidden Costs of Data Brokers
Have you ever felt like a mere pawn in the vast world of the internet, where your personal data is traded like baseball cards? Well, you’re not alone. Data brokers are reportedly siphoning off thousands of dollars each year from unsuspecting internet users. Datawallet is shining a spotlight on this questionable practice, arguing that it’s time for a revolution.
Introducing Self-Sovereign Wallets
Imagine having a personal vault for your data! Datawallet plans to roll out a self-sovereign wallet that brings the power of data back to the users. Users will get to decide who accesses their data and how it’s monetized, almost like being your own data boss! Why let someone else profit off your personal information when you could cash in on it yourself?
The Win-Win Situation
Datawallet is convinced that if users owned their data, it would create a win-win for both consumers and advertisers. Businesses are currently burning cash on bad data, estimated at hundreds of billions each year. By offering verified, high-quality data, Datawallet claims to bridge this gap, ensuring that businesses invest in real insights instead of fishing in murky waters.
A New Perspective on Privacy
Through its innovative platform, Datawallet intends to supply companies with data while ensuring user anonymity and security. The information provided will be in a format that highlights high-level analyses, subtly keeping individual identities under the radar while improving data segmentation.
Personalized Internet Experiences
Picture this: with a few clicks, you get to tailor your online experiences fully! Datawallet aims to provide users with a “passport for internet 3.0,” making it a breeze for platforms to customize services based on a few relevant data points. Gone are the days when streaming services took ages to figure out what you like to watch!
Insurance Just Got Smarter
Car insurance quotes can be a pain, especially for safe drivers stuck in supposedly high-risk demographics. With Datawallet’s data-driven insights, insurance providers could better assess risk and allocate premiums sensibly. Safe drivers, rejoice! No more being unfairly punished for demographics.
Data’s Climb to the Top
Experts believe that data could soon become the most sought-after resource on Earth. Current estimates place data’s worth at around $7,600 per US internet user annually, with projections hitting $10,100 in just four years. The demand for transparency is on the rise, especially following the infamous Cambridge Analytica scandal, where Facebook’s data practices left millions questioning their privacy.
Apps and Initial ICO Success
Datawallet’s community is already building! With both Android and iOS apps now available, users are being told that their social media data is just “gold sitting in their pocket.” Their recent ICO sold out, netting a staggering $40 million to push forward the development of their blockchain marketplace. It looks like the data revolution isn’t just a pipe dream!
