# Personal Data Trading: A solution to distribute the wealth generated from data? **URL:** \ **Category:** Ideas for Solid Apps\ **Created:** [November 6, 2018, 7:19pm UTC](https://forum.solidproject.org/t/personal-data-trading-a-solution-to-distribute-the-wealth-generated-from-data/420 "2018-11-06T19:19:54Z")\ **Posts on this page:** 1\ **Showing post:** 6
**Author:** ![damianoram](https://dub1.discourse-cdn.com/flex017/user_avatar/forum.solidproject.org/damianoram/32/1239_2.png) [@damianoram](https://forum.solidproject.org/u/damianoram)\ **Post date:** [November 6, 2019, 12:51pm UTC](https://forum.solidproject.org/t/personal-data-trading-a-solution-to-distribute-the-wealth-generated-from-data/420/6 "2019-11-06T12:51:24Z")
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: > [@Hacking adoption of Solid - Voluntary Decentralised Universal Basic Income](http://forum.solidproject.org/t/decentralised-ubi-and-solid/2365): > > I was invited to re-share this paper in the forum I hope you may find it interesting. It explores the social implications of a system of decentralised universal basic income. Essentially: 1 Global Wallet 8Bn sub wallets Cash and Equity is voluntarily placed in the global wallet and redistributed equally to each human. Such system would be the most direct and efficient way to redistribute wealth. Since such a system would require a system of unique identities, if those were to be made usin… --- _[View the full topic](https://forum.solidproject.org/t/personal-data-trading-a-solution-to-distribute-the-wealth-generated-from-data/420)._