Datawallet, a C2B blockchain-based data exchange, today announced that its new app is now available for download on iPhone and Android. Taking on the $300 billion data brokerage market, Datawallet is harnessing blockchain to allow consumers to take ownership of their data and profit from its use. Beginning today, users will be able to register within the new app, link multiple data sources, and begin to pre-earn Datawallet’s DXT cryptocurrency in advance of the token sale which will commence later this winter.
Upon registering, Datawallet allows users to curate an advanced data profile from social media, online commerce, and offline transactions and opt-in to share their data with companies. All data is entirely anonymized and may be reviewed by the user at any given time, providing critical benefits such as control over deciding who is a worthy recipient of their data, transparency around how the data will be used, and the ability for users to profit from an asset that is rightfully theirs.
The Datawallet ecosystem ensures that the data provider knows exactly what data is being exchanged, and the data is only recoverable by the specific requester signified by a smart contract.
Serafin Lion Engel, Datawallet CEO said:
“Even though the development of our beta version is still ongoing, we wanted to release the alpha version of the app to reward people that are highly engaged in the community and help spread the word about Datawallet. I believe that our pre-earn method, driven by our referral system, is a great way for as many people as possible to own DXT and get in on the ground floor.”
“Through the Datawallet platform, we want to give people data ownership. We want to realize the idea that people are in charge of their data and can realize the true value of their data by sharing it with companies who they deem worthy to have access to it. Users can then be compensated through a crypto token, or in the near future, also through services. I expect this behavior to create a virtuous cycle whereby companies that have a good relationship with their customers are able to get better data from their customers, which allows them to create better products and services, which in turn will improve the relationship they have with their customers. Companies who don’t care about their customers, on the other hand, won’t be able to persuade their customers to share data with them, which will put them at a competitive disadvantage. This should ensure that awesome companies can beat their competition even more effectively.”
With years of proven success, Datawallet is backed by leading tech investors such as Tim Draper and Marc Benioff. The company’s evolution to a blockchain-based platform enables transparent systems that can simultaneously allow users to regain complete control over their data while allowing for the secure flow of the highest quality, ethically sourced data to data-informed businesses.
The DataWallet app is available for download now in the Apple app store and Google Play.
