Data is the New Oil
Bring Your Well to the Economy
From listing on a data marketplace to modern incentives,
start maximizing the value of your data today.
We’re coming from an era of data haves and data have-nots, where the biggest players hoard powerful data sets in a prisoner’s dilemma environment. It’s time to shed that baggage and join the data economy. Engage in free markets where fair collaboration and interoperability increase the pie rather than fighting for slices.
The first step is to recognize that every API call, every bit transferred, has a fair market value - and that value is not 0. Engage a new mindset where monetization can happen programmatically at any level, instead of just in aggregate. Think about ways that data can be shared securely at scale, permissioned dynamically, and listed in a marketplace.
Pioneers are experimenting with new incentive models to establish novel value capture propositions for users. The days of “if the product is free, you are the product” are coming to an end, with privacy regulations and user protections making it harder to collect data. Users want to understand their value in an ecosystem, and tokenomic systems like ‘Consent to Earn’, and ‘Play to Earn’, and any ‘X to Earn’ model you can think of achieves that. Weavechain lets your fee structures be denominated not just in stablecoins, but in any ERC20 token you can build.
CASE STUDY
Reputable Health
“Reputable unleashes the quantified-self movement by inviting people to create, discover, and benefit from a myriad of wellness experiments ranging from weight management and meditation to chronic pain and longevity. They ensure users retain ownership of their data and incentivize monetization, rewarding those who choose to participate in their data economy with $REPT - their governance token.”
Reputable uses Weavechain to enable these data flows, ensuring seamless, secure payments and enabling users to revoke access at any time. Fee structures for $REPT are configured in the Weavechain interface, and Weavechain nodes handle the passing of data from end user devices, and its consumption by researchers.