Datawallet provides users with a self-sovereign wallet that puts them in charge of their data. It allows them to monetize as well as utilize an asset that is rightfully theirs.
In practical terms, this means that we provide users with a digital wallet that belongs to them and them only. Upon registering on Datawallet, users can link multiple data sources to this digital wallet; from social media to online commerce and offline transactions. Users can opt-in to share their data with companies for two purposes:
1. Earning token
Rather than having large corporations scrape the data people create and rake in $300 billion per year by selling an asset that they do not own, Datawallet allows people to share their data anonymously with interested companies and earn the profits made with their data themselves. The Datawallet Data Exchange gives people full transparency into who wants to access their data and for what purpose.
2. Personalizing AI services
With their Datawallet profile acting as a passport for the internet 3.0, users will have the ability to link their data to a plethora of AI algorithms to truly personalize every service imaginable. From Amazon to Netflix and AI concierges, Datawallet will enable users to personalize any AI driven service at an unprecedented scale and pace.