Datavest partners with Digi.me on monetization of personal data

Datavest (datavest.org) and digi.me announced a partnership today at the KNOW Identity Conference to enable individuals to receive a monetary return by investing the data they produce on a daily basis, the company said.

Datavest has also been selected as a finalist in the conference´s startup competition, which brings together ventures in personal data and identity.

Based in Los Angeles, datavest is a user-owned marketplace for personal data. Its consumer app, which will go live later this year, allows individuals to earn a new blockchain-based digital currency called Datanotes (DXN) by investing anonymized data in different types of data funds. companies can pay to subscribe to data funds such as Purchase History or Location Data, allowing individuals to directly participate in the current and future economic value of their data.

Digi.me is a personal data management app that allows consumers to privately and securely aggregate data from across their digital lives. Digi.me´s consumer app allows users to connect to thousands of data sources and view, analyze and share on their terms. Their Consent Access SDK and API allow developers to easily integrate digi.me into their apps, comply with GDPR and other regulatory requirements, and build innovative new apps and insights. Digi.me is working with world-leading businesses in health, finance, retail and tech sectors to unlock win-win benefits of permissioned data sharing for both consumers and organizations. Digi.me, based in the UK, merged with Personal from the US in 2017.

Based in Los Angeles, datavest (datavest.org and @datavestorg) provides a platform for individuals to turn their personal data into a personal asset. Individuals invest anonymized data into a user-controlled cooperative, ensuring a long-term sustainable model for realizing the full potential of the value of the data. The company´s consumer product will launch later this year.