Review on Datawallet by Robiul Islam
Take Back Control of Your Data While Earning Extra Income.
They are not going to be able to stop other firms from collecting customer data from other sources after all, there will be many users who don’t wish to sell data or not sell enough data to satisfy the data needs of companies. idea could provide a truly disruptive to the current system with users getting paid to give away data and companies receiving 100% accurate data, the middlemen data collectors could be in for a shock. It states That By 2022, Data Will Be The Most Valuable Resource In The World. We Would Have To Agree With That.
Pros
- It Collects And Combines Data Sets With A Users Permission. This Enables The User To Have One Data Profile Which Holds All Of Their Data In One Place. It’s Important That Projects Like These Are Able To Provide A Clean, Easy Experience Not Only For Individuals But For Business Looking To Purchase The Data.
- Website Does An Extremely Good Job Of Detailing What The Current Problem Is With Data And Why Individuals Should Be On Board With Protecting Their Own Data And Having The Rights To That Data.
- The Team Looks To Be Very Experienced and Members From Both Stanford & Harvard. They Boasts Plenty Of Data Scientists Analysts & Developers.
- The Industry Of Data Is A Great Use Case Of The Blockchain. Middle Men Are Not Able To Take Massive Cuts, Data Is Immutable And Protected From Hacks Theft.
Cons
- Competitors are fierce and already have the large majority of the market.
