Giant companies working within the Web2 area proceed to gather consumer knowledge to spice up earnings however don’t share most of this worth with the customers offering the information. Nevertheless, with the emergence of Web3 applied sciences, the infrastructure essential to carry again management to the folks has arrived. By way of a brand new Web3 expertise constructed by Itheum, folks can personal, commerce and be rewarded for his or her knowledge because it transforms into a brand new high-value asset class that powers the long run knowledge economic system.
By way of Itheum, business enterprises and end-users can get pleasure from numerous advantages. Platform integrators, that are third-party firms or initiatives, can make the most of the infrastructure supplied by Itheum to create data-backed loyalty playing cards, knowledge passports carrying identification and status, and different behavioral knowledge accumulation instruments like knowledge stream nonfungible tokens (NFTs), which can be utilized to gather and retailer knowledge a couple of consumer’s conduct.
However, market merchants, resembling companies, advertisers and customers, can mint and listing their knowledge stream NFTs. The last word mannequin of the platform will enable the buying and selling of the information NFTs in a decentralized and permissionless method leveraging the most effective options of NFT expertise to license, show possession and be rewarded with ongoing royalties for his or her knowledge.
Cointelegraph Accelerator was launched in 2023 to help promising early-stage Web3 initiatives and assist their progress. Itheum was chosen to hitch this system resulting from its progressive knowledge possession strategy, mixed with its strong technical basis and imaginative and prescient for a decentralized knowledge brokerage platform.
Cointelegraph’s intensive international viewers will present a strong basis for Itheum to unfold its message and drive progress. The partnership will assist Itheum broaden its attain and extra successfully convey its mission of returning knowledge possession to customers by its groundbreaking knowledge brokerage expertise and blockchain-powered instruments.
By leveraging the huge international viewers of Cointelegraph and participation in its Accelerator Program, Itheum goals to unfold its message and mission to the lots, bringing again knowledge possession to customers by its Web3 knowledge brokerage platform.
The Itheum Web3 knowledge infrastructure lets customers take management of their knowledge by its flagship knowledge tokenization expertise and peer-to-peer multichain knowledge protocol. As well as, the undertaking’s expertise permits customers to have provable private knowledge provenance and lineage — elementary constructing blocks that empower knowledge possession for people. With this collaboration, each ecosystems try to create a extra democratized and equitable knowledge panorama the place all people throughout the globe can profit from the worth of their private knowledge.