Personal Data Trading: A solution to distribute the wealth generated from data?

I’d like to invite a discussion on distributing the wealth generated from data. One possible avenue is personal data trading as explained in but certainly would want to invite conversation beyond this model. @gideonro


I’m looking forward to reading the personal data trading paper, @MitziLaszlo. This is very aligned with what I’m writing about.

Another model worth looking at is what Colony is doing in the Ethereum world. This is a piece I did based on an interview with founder, Jack du Rose. (excuse the psychedelic graphics - I was playing with new tool back then).

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coming from the world of online advertising these days, this is certainly relevant to my interest. My activist roots make me a bit skeptical though, but I really should read the paper first.

Interesting. Though I’m aware of the notion of owning your own data, I never really thought of it being worth anything. :thinking:

Over at Ceptr they talk about holochain being used for keeping personal data encrypted…

But surely it is only massive amounts of data that are valuable? So if users were to directly receive payment, individually, it seems they would be getting a series of micropayments, too small to be of any consequence.

(Excuse me for thinking aloud, but it may be helpful to others trying to wrap their heads around the subject.)

It follows that money gained from users’ data should go toward something for their collective benefit — through the very same decentralized autonomous organization (DAO) that users employ to manage their data.

Perhaps it is possible for a distributed network to sustain itself with that revenue alone. Perhaps.

But then there is the question of what to do with the excess, if any is generated. Presumably users would collectively have their say in that.

Very interesting indeed…

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Great post ! And personally think that it is very much needed to create a next step in intelligence. Marketing and it’s general purpose to surveil individuals and re-target them is such a cold war thinking.

Honestly, learning and creating the means to strategize personal and or grouped data with friends, family and co-workers is the next step. More or less we are in desperate need of a market principle that allows a direction to be given.

Personally, @spinnit ( we focus on Impact Investing and dubt it, Impact Marketing and is a means to distribute future turnover to crowdfunding, micro loans and charity.

Example, let’s day you are a marketeer and want to target an advertisment to sell products. But at the same time are experiencing grief over the loss of a dear friend that had cancer. Next up is buying data from market places where you solely from people that made their data income partly Impact Focussed and are sharing with cancer research.

I would like to make this point.

Their is no future in a world where consumers copy the behaviour of general surveillance marketing, using data to spy is a very cold future. However, creating independent abilities to distribute future data turnover allows for new intelligence to be build. This could mean that a corporation that is listed on a stock exchange gets a consumer countered analytical principle which bassically states… “how much did you match with the intention to impact the world with your customers” - creating a whole new and moreover horizontal equation between consumers and corporations.

I’m looking forward to read and discuss more on these topics.

Hi everyone! @MitziLaszlo invited me to re-share a paper i’ve worked on tieying a form of decentralised universal basic income to creating the financial incentive for people to adopt a single user identity system based on solid.
If that were the case a slew of services would be created to interface with such identities and since they would control the data it would be easy to monetise it.

In short:
1 global wallet
8bn unique wallets one for every human
People voluntarily place cash and equity into the wallet that redistributes it equally.
If people knew there is a place that holds a little pot of cash just for them they would most likely adopt that profile. If that profile was made with Solid it could be fantastic.

this would be a most efficient way to distribute value across human.

The paper explores the idea, the implications for mankind, the challenges to implementation and the opportunity for the building of a decentralised internet.

here the link to the thread I’ve created:

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link goes to page not found.
i added some broad ideas about this debate, in raw format, to the damianoram thread he linked there up.
i would like to say here, as an ontopic resume, that we should develop the crowdsourcing of values schemas, globally as for having an overall guideline of what we altogether think is best, and locally because every community can have their custom ones. even oneself.

Values schemas, or axiology as the cherry of analitical philosophy, the most important semiontics i would also bet for. They are already ruling, quite messily to be honest, the texts found in each big book either religious or constitutional.

There is more data more precious than another… for you, for your localities and for the global scope. Lots of posts about whatever banality and likes from ConstantLikesGiving can render some reward due to participation, but we should be looking at highly rewarding datas added due to the matching of the crowdaxiology at least, regardless of that added content having i.e. less likes or views or etc.

y has a lot of reader activity, or its few likes (s)he gave count more…
x has many likes and posts
z does key “compliant” contributions but doesnt receive likes and dont publish posts

how do we reward them:

we may just want to tokenize z contribs.
since x has its reward by being famous in the network (each like already feeds your soul… we should interpret…) (or meassure likes by proportion of reading and ammount of givens… idk)
y is getting its reputational badge already which serves himher for me trusting himher to let himher sleeping in my house

tokenization transparent analytics, but tokenizing every interactive bit may make the system to being too bureacratic at dev and end user point of view.
we intuitively know why we want to tokenize, but this has not got deep enough for thereafter having an easy reply on what interactions to tokenize and how…

This is one of the things we have been thinking about - we being the county of Rutland UK - we are in the process of forming a social enterprise (CIC) which will initially bring together all public sector open data sets to deliver local projects. We are also considering PODs as part of the infrastructure to enable build of personal data which could then be collectivised through the CIC and passed back in to community good - or maybe even monetised / aggregated for community purchasing power.

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