Source : EQ8 Medium
November 8, 2021
We all know giant corporations make a fortune selling your data.
The information collected from your presence and activity on a public platform gets used to target specific ads to your device, profiting the business and the platform.
But what about you?
EQ8 Network is a de-centralized data marketplace that connects data requesters to data provider
A place where instead of buying products or services you could consensually buy and sell information.
EQ8 Network is a reliable source of data that is mutually beneficial to all the parties involved in the transactions.
As many businesses seek to grow or improve with external and internal assets, data marketplaces are seeming at a growing rate to match consumers with the correct sellers.
EQ8 network provides access to data directly from the targeted audience. EQ8 network provides fast insights and better business decisions for companies.
For every information that you provide, you can get monetized. You control where and to whom your information is being shared. Sounds like a dream?
Thanks to EQ8 network’s blockchain solution and de-centralized storage, the data based on EQ8 Network is remarkably safe and secure.
Blockchain technology makes it safe via the support of members across the EQ8 network. There is no single point of failure and a sole user cannot modify the record of transactions.
Users can easily trust their data with these transactions and not have to worry about it.
In a data marketplace, typically, there are buyers, sellers, and brokers who derive financial value from their assets. Whereas EQ8 network eliminates data brokers and directly connects the data requesters to data providers.
Data Requestors: Requesters can gain access to an immense amount of information they desire directly from the audience or buyers for a valued price. This helps them get valuable and detailed feedback. Additionally, the data is authentic and its authenticity can be validated from the blockchain
Data Providers: They can share their knowledge, experience, or opinions on the product/ service safely and securely. In return, sellers get awarded points or EQ8 tokens.
It is estimated by the year 2030, about 1 million businesses would be monetizing their data assets and more than 12 exabytes of data would get transacted daily.
Hence, EQ8 Network currently provides a safe and secure global platform where data can be exchanged between the parties for mutual benefit.
This will not only contribute to creating a data economy but also benefit the users, the buyers, and sellers for a better and enhanced collection.
Seeing this, data providers would be sharing their information with companies and getting paid for it directly.
Examples of such cases are through surveys, polls, quizzes, reviews, ratings, and ad campaigns, forms that could be filled and submitted via mobile apps and websites readily available on the EQ8 network.