Datawallet provides users with a self-sovereign wallet that puts them in charge of managing their data and allows them to monetize and leverage their own assets. It enables developers to leverage a whole new realm of data to build the most advanced applications ever created. It provides businesses with insights that will boost their operations on an unprecedented scale.

Project Introduction

Datawallet is a blockchain-based data exchange that enables users to reclaim and monetize data created online and enables developers to enable next-generation applications.

Project Features

Datawallet is a digital wallet for online data. It allows taking data from platforms like Facebook, Amazon, Uber, Spotify and more and unifies it in one place. You control who has access to your data and get paid when you share it.

By default, your Datawallet is private, and you can choose what data you want to share, and with whom. All information in the data package is completely anonymous, secure and encrypted. With Datawallet, you can avoid filling in duplicate information while protecting your privacy.

Application scenario

Datawallet user application, Datawallet API and proprietary enterprise applications such as DX Insights.

Datawallet App:
Provides users with complete data sovereignty and access to a marketplace to make their data work for them. Data is collected through the app, where users can link data across multiple platforms, including Amazon, Uber and Facebook. Data from an API can be linked via OAuth, or an email from a specific address. Offline transactions can also be recorded via receipt pictures. All data collated in user profiles is encrypted and cannot be accessed by anyone, including Datawallet, without the express permission of the owner.

Users grant permission to share data with interested companies through encrypted data smart contracts, where users only decrypt the data points they want to share. The resulting data is kept with the third party until other terms of the contract are met, usually a payment in the form of DXT. Blockchain guarantees the security and transparency of these transactions. Users alone control the keys to decrypt their data in a sandbox environment. Additionally, the terms of data transactions made by users will be permanently stored on the blockchain. The transparent chain of processing steps from data source to curated data profile also ensures that data consumers can trust the accuracy of the data, unlike any current data brokerage solution that relies on multiple unknown third parties.

Datawallet API:
The Datawallet API allows developers to surgically access high-quality data provided by our users on exchanges. Our RESTful API provides a developer-friendly abstraction layer on top of smart contract exchanges, enabling AI engineers, data scientists and ML developers to do what they do best - build innovative data products. The API allows them to do this without having to additionally become a blockchain expert, while still providing the guarantees of the smart contract for both parties to the transaction.

Additionally, the API allows Datawallet to incorporate preprocessing, wrangling, and insights into transactions, providing developers with production-ready data. This API frees developers from the hassle of tracking social media data point moving targets and works with our stable curated endpoints.

Proprietary enterprise applications:
With enterprise applications, data consumers will request certain types of data by providing tokens, services or products. If the user decides to opt-in, a smart contract is initiated. Each data exchange requires the data requester to specify the type and amount of data required for user participation, whether the data will be anonymized, whether the data exchanged will be used to supplement existing data about each user, and the amount of DXT that will be spent.

The value of each data reflects market demand. This way, instead of entrusting their privacy rights to third parties, data creators can decide when it is worthwhile for them to share their data. Currently, these apps can be divided into three categories: Enhanced Experience Apps, Direct Service Apps, and Channel Apps.

Enhanced Experience Apps allow Datawallet users to leverage their own data to enhance their online experience by enabling Datawallet users to tailor the products they have interacted with to their individual preferences and personalization. Direct service applications can be purchased with DXT and/or data and provide services directly to data providers. These services range from allowing users to gain transparency about modern data ecosystems to understanding themselves through their online behavior and decisions, such as calculating their own Big 5 personality score.

Eventually, developers will be able to create Channel Apps that will use high-quality and ethically sourced data to create AI programs with applications beyond the Datawallet exchange. However, with the current explosion of data creation, artificial intelligence, and personalized data products, innovation beyond these three categories is inevitable.

Related links:

https://datawallet.com/
https://info.binance.com/cn/currencies/datawallet
https://www.fn.com/project/datawallet/introduction/