Submission + - Brazil piloting dWallet - project that lets citizens earn money from their data (restofworld.org)
applique writes: Last month, Brazil announced it is rolling out a data ownership pilot that will allow its citizens to manage, own, and profit from their digital footprint — the first such nationwide initiative in the world.
The pilot involves a small group of Brazilians who will use data wallets for payroll loans. When users apply for a new loan, the data in the contract will be collected in the data wallets, which companies will be able to bid on. Users will have the option to opt out. It works much like third-party cookies, but instead of simply accepting or declining, people can choose to make money.
The “dWallet” allows users to deposit the data generated by their daily activities into a “data savings account.” After a user accepts a company’s offer on their data, payment is cashed in the data wallet, and can be immediately moved to a bank account.
In the U.S., a 2019 “data dividend” initiative by California Governor Gavin Newsom never took off. The city of Chicago successfully monetizes government data including transportation and education. If implemented, Brazil’s will be the first public-private partnership that allows citizens, rather than companies, to get a share of the global data market, currently valued at $4 billion and expected to grow to over $40 billion by 2034.
The pilot involves a small group of Brazilians who will use data wallets for payroll loans. When users apply for a new loan, the data in the contract will be collected in the data wallets, which companies will be able to bid on. Users will have the option to opt out. It works much like third-party cookies, but instead of simply accepting or declining, people can choose to make money.
The “dWallet” allows users to deposit the data generated by their daily activities into a “data savings account.” After a user accepts a company’s offer on their data, payment is cashed in the data wallet, and can be immediately moved to a bank account.
In the U.S., a 2019 “data dividend” initiative by California Governor Gavin Newsom never took off. The city of Chicago successfully monetizes government data including transportation and education. If implemented, Brazil’s will be the first public-private partnership that allows citizens, rather than companies, to get a share of the global data market, currently valued at $4 billion and expected to grow to over $40 billion by 2034.
