CryptoAugust: monetize your data with blockchain

Source: Observatorioblockchain / Javier Callejo

Blockchain company Acentrik tells companies to monetize their data. But it can be extended to everyone.

Trillions of data circulating, accessible, which will make it increasingly necessary to work with data. The point is that the data, the air and the water of our time, is who they are and who has the right to obtain returns from them. Until now, especially from the internet that we know, from our data – of attention, behaviors, opinions, etc. – the large technology corporations took advantage. They get them for free in exchange for offering us the use -sometimes for free; others, no- of their services.

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Who produces the data? They are produced jointly between those who are the reference of these data and those -normally companies- that record them. Without the two parts, the data is not explained. Therefore, it seems fair that both parties benefit from it.

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This is where blockchain appears as a fundamental instrument for those who contribute data to know, first of all, who uses them, including how and where they use them. Ultimate sovereignty over that data and permission to use it is even possible. Second, be paid for those uses.