Own your data and earn from it through Tapmydata

in #hodl4 years ago (edited)

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It no longer a news that many large corporations are exploiting people's data and making huge amount of money off it. It has become a common a practice for companies to be involved in sales of user's data.
The story of Facebook's data bridge is still fresh in people's mind and has affected lot of things which brought about changes in data usage policies across the globe.
It was in the news that user's data were used to influence voters during the 2016 general election in the United States.

The truth is, the level of globalization we experience in this Century has made it almost impossible to be able to do without digital technology and the more we interact with the technology, the more we release our data out. Almost everything is directly or indirectly connected to online services which is the gateway for data outlet. Therefore, relating with the digital world on a daily basis has become inevitable and huge amounts of personal data are issued out to all the platforms we interact with, to the extent that we are unable to control the data we give out and these online hosts see those data as their own legal properties

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Before I understood how data algorithm works, I used to wonder why I get advertisements on exactly what is on my mind per time when surfing the internet. Until later when I got to know that user's cookies are been stored on some platforms which are used to denote their interests and help advertising companies serve ads accordingly. Over time, many users have lost control over their personal data as they interact with many platforms and data are being collected directly and indirectly. My Bounty0x Username is Petoz.

The issue of data has become a dilemma. People can't do without interacting with digital platforms and at the same time, some of these platforms are monetizing people's data. This is point where a platform comes in to bring the way for people to break this cycle of data abuse, a situation where you can share what you want, where you want it, and even put a value to it. It is known as Tapmydata.

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Tapmydata

Tapmydata is a solution with framework of tools, decentralized protocol and ledger for people to reclaim their digital identity in a crystallize unique, verified elements of consent in an NFT which provides a transparently new channel for legitimate counterparties to blend data and exchange value.

The mission of Tapmydata is to give people control over their data and leverage collective agencies in how it’s used, the user then determine whether to share and get their piece of a market worth $325Bn annually. This forms a critical pillar of Tap which is the new trust economy that is replacing the data abuse of the old web. Visit the Website for more information.

Features of Tapmydata

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Non-custodial of Data

Despite the fact that Tapmydata helps users monetize their data, one of the outstanding feature it has is non-custodial of data. TapMyData enables users to own their data completely. The platform uses encryption in dealing with people's data, it does not collect or hold your personal data, only the owners have access directly to their data.

Data Usage Discovery

Tapmydata's application is loaded with features that can help users discover what personal data organisations hold about them and what could be done. This is so unique and liberating as it can help users in a great way know how they are faring in terms of data they have released out on different platforms.

Secure Storage

Safety of your data is guaranteed with TapMyData as it deploys Blockchain's security in protecting user's data.
Moreso, data stored on TapMyData are encrypted, which makes it difficult to be accessed by the third party or any unauthorized person. I really salute the brain behind this project as it has proven integrity in the management of people's data without tampering with anything.

Instant Access

Tapmydata provides instant access to the master record of user's personal data. In this regards, it is not a difficult task for users to gain access to their data whenever they want. Tapmydata just serves as a platform where users can securely save their precious informational data and rest assured of its safety and easy accessibility any time any day.

Earn from your data.

One of the coolest features of Tapmydata is the ability for users to earn crpto (TAP) by requesting their data, Mint NFT data licenses and join the data pools to earn crypto from their data. It is not enough to break out of data abuse, it is good to save data on a secure platform, it is better to be able to access it easily but it is best to be able to earn from your data. That's what exactly Tapmydata does to users. Your personal data can generate passive income to you inform of cryptocurrency known as TAP. Check the Whitepaper for details

TAP token

Tapmydata has a token known as TAP which is the utility and governance token for the protocol's ecosystem. It has been used within the Tapmydata app for more than two years. It was initially running on the Stellar protocol but will soon be swapped for ERC20 TAP token.

A sponsored article written for a bounty reward.

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