Datawallet provides users with a self-sovereign wallet that puts them in charge of their data, and allows them to monetize as well as utilize an asset that is rightfully theirs. It empowers developers to leverage a completely new data universe to build the most advanced applications ever. And it provides companies with insights that will boost their operations on a never before seen scale.
In the current implementation of the Data-Exchange, data providers manage their profiles through a mobile device. The data profiles are collated into a central database and all data sales are mediated by dx-Insights.
Data-Requester System
There is no open Data Product Marketplace. Companies interested in accessing providers’ data do so through dx-Insights.
Data-Provider System
The Data-Profile Manager is the DataWallet mobile app, which is available for iOS and android. It communicates with a DataWallet-hosted Key-Server and a DataWallet-hosted centralized database. Potential data requests are posted directly in mobile application.
Data-Exchange System
All data exchanges originate from dx-Insights and posted in the mobile application.
v2.0—Smart-Contract Based
The Smart-contract based ecosystem embeds the promise of DataWallet—transparent, opt-in data exchanges—directly into the architecture. At this stage the fidelity of the system is not dependent upon a trusted party (DataWallet). The assurances of the system are structural and verifyable by interested members of the community. All PII is encrypted with a private key that only the data providers themselves posses. All data-transactions therefore necessitate the expressive consent of data providers. The Data Product Marketplace is open such that Data Providers are not limited to interacting with dx-Insights; Data Requesters can publish products to
the marketplace. The Data Exchange is open—all data requests are executed by smart-contracts on the blockchain.
Data-Requester System
Data Product Marketplace is open. Requesters can create data requests through the online interface or programmatically with the API.
Data-Provider System
All data stored on DataWallet-hosted centralized database is encrypted with a private key that only the data providers themselves posses. Exchanges are searchable from the provider mobile app.
Data-Exchange System
The Data Exchange is open—all data requests are executed by smart-contracts on the blockchain coordinating the provider’s data profile and the requester’s Request-Manager.
v3.0—Fully Decentralized Data Profiles
The Ecosystem with fully decentralized data profiles is the ultimate realization of the self-sovereign wallet. Interested Providers can store their profiles on systems of their choosing and interact directly with the Data Exchange.
Data-Provider System
Data-Profiles can be created locally using open and auditable code. Data Profile structure and Search agents are similarly open sourced and customizable (as long as they provide the necessary interface to smart-contract exchange).
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