Tapmydata partners with Shyft Network to allow users to reclaim and stake with their data
–– 23 Apr 2021
Tapmydata is excited to announce a partnership with Shyft Network, a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, and permissioned and permissionless networks.
Details about the Partnership
The issues surrounding online data and its uses have increased especially due to social media and the growth of the internet. The importance of data and identity verification on different platforms allows users to own their data as well as have power over its use. Many companies have been benefiting from data acquired without the users knowledge or consent. Additionally, little parameters have been put up to identify owners of data, meaning that the validity of certain data or user information is a challenge.
This partnership therefore will allow Shyft Network and Tapmydata to offer users more security for their data, while allowing them to earn by consenting to its usage. The mantra for Tapmydata allows for the inclusion of all users into Web3’s digital economy even if they have no money to invest, achieved through their data. Shyft Network’s attestation framework will help users grant, manage and revoke consent in a secure manner, as well as enable data to be validated by trusted third parties and become more valuable and usable by data aggregators and consumers. In addition, Shyft Network will offer users an opportunity to stake and earn rewards by simply using their data.
We set out with a simple mission, to help people take back control of their data. With the first release of our app we broke new ground in the personal data space and finally, after sending more data access requests than any other company on the planet, it feels like the industry is ready for us. This partnership is a key element in delivering our vision of a Universal Data Income for all of our users. Enabling third party verification is critical in order to deliver this.Irfon Watkins, Chairman of Tapmydata
As Shyft Network enters a new phase of development, bringing strongly aligned partnerships that have a natural fit to our mission and objectives is more important than ever. Shyft Network was built to address real needs and problems. For us, it’s important to keep a user-centric privacy-focused approach to build better standards for personal data management. With Tapmydata, we see a perfect opportunity to create synergies and empower users to own their data, to gain control over it and to contextualize it through trusted third parties, and, ultimately, to be able to benefit from it.Juan Aja Aguinaco, Co-Founder of Shyft Network Inc.
Why is it important for Tapmydata?
We know we are aiming to tackle a huge problem and realise we cannot do it alone. There has to be a shift in worldwide awareness that data has value and it is being monetised without our consent. By partnering with a project that has the same mission, we know we can make a change and are thankful to Shyft for embarking on this journey with us.
About Shyft Network
The Shyft Network aggregates and embeds trust into data stored on public and private ecosystems, allowing an opt-in compliance layer across all systems. The key pillar for Shyft is user consent, allowing users to track the usage of their data. Therefore, no one can use personal data without consent from the owner. Shyft Network allows and gives incentives to individuals and enterprises to work together to add context to data, unlocking the ability to build authentic digital reputation, identity, and credibility frameworks.
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