The merging of Sensitive Personal Data in decentrally organized protected Data Spaces will realize huge and presently untapped value. Dwinity enables users‘ control and data safety, and introduces a fair data market. Dwinity is designed to unlock the full potential that Sensitive Personal Data can offer.
The current centralized Data Economy is limited by interests of monopolistic players. Users have security concerns and no incentive to share Sensitive Personal Data. Meanwhile, Data Owners are sitting on huge untapped potential.
Dwinity’s mission is to give power back to Data Owners and to create a thriving Data Economy in which informational asymmetries are finally removed. Dwinity creates a full-fledged and data-ownership-driven ecosystem for storage, analysis, exchange and commercialization of Sensitive Personal Data. Dwinity unlocks unseen value potential!
Local Storage
Lack of security
Lack of trust
Limited availability of high value data
Silo and patchwork data
Low degree of knowledge building
No motivation or direct rewards
Dominance of intermediaries
Major part of data value not captured
Storage user control
Security
Trust
Access to a holistic data view
Comprehensive network & linking analysis
Life-improving knowledge creation
Monetary rewards for Data Owners
High gamification incentive
Fair and transparent data market
Dwinity as Data Mesh 2.0 implements Data Control as decentral Data Ownership Domains (DOD) and creates a global decentralized distribution level including Data Control, Data Gold & Data Cash.
The Dwinity use cases represent opportunities for app development within the Dwinity ecosystem. All use cases involve the three Dwinity components: Data Control, Data Gold, and Data Cash. These components enable the creation of value from personal and sensitive data across various industries like financial services, insurance, health care, pharmaceuticals, logistics/transportation, tourism, media and advertising, 3D printing, retail, and lifestyle/fitness.
Worldwide, more than 500 million people are estimated to suffer from Bronchial Asthma. Merging, linking, and evaluating medical data would improve the quality of life of those affected, optimize medication, and drive forward the development of new pathways for successful asthma therapy.
The Dwinity ecosystem as a decentral operator can provide technical components to securely collect necessary data, process, and evaluate them with the help of customized AI algorithms. Medical data are linked with, for example, weather data, pollen information, the comparison of medical standards, location data and much more, and are evaluated accordingly. In this environment, the patient as a Data Owner never loses control over his or her data. Consequently, it will be possible to visualize undetected correlations. Dwinity implements the entire data value chain, provides secure and controllable data storage & sharing, as well as AI-powered data curation, linking, and analysis.
Insurance companies require highly sensitive health data of prospective customers for admission to private and/or supplementary health insurance. The economic goal of insurance companies is to generate a collective of young and healthy premium payers. They are urgently needed to offset costs. Anyone interested in comprehensive health insurance currently has to go through a complicated and very costly application process.
Prospective applicants for comprehensive health insurance can use a Dwinity-certified app to disclose their highly sensitive data, which insurers need to assess the application. This data is qualitatively evaluated by the AI and shown as a score. In this way, Dwinity offers the opportunity to introduce a user-centered, user-friendly, and voluntary method of maintaining health information. Within the Dwinity Ecosystem, insurance applicants as data owners never lose control over their data.
As a result of its revolutionary character and unlimited potential, the Global Sensitive Data Discovery Market is expanding rapidly - in fact, at even higher rates than the Big Data market.
Source: Verified Market Research / www.verifiedmarketresearch.com
Today´s key players in the Data Broker business not in the position to handle Sensitive Personal Data.
Source: MMR / https://www.maximizemarketresearch.com/market-report/global-data-broker-market/55670/
Source: MIQ / https://www.wearemiq.com/blog/value-of-personal-data/
Source: Civilsdaily / https://www.civilsdaily.com/news/what-is-web3/
Centralized Data Economy with passive Data Owners
Centralized cloud storage with security, cost & scaling issues
Focus on just one component of Data-Value-Creation,
such as Commercialization
Is based on already-generated data and excludes Data Owners from value chain
Stand-alone crypto technology without AI implementation
Pure blockchain usage with hash technology is easily decryptable
Most Data Economy ventures are at application level with limited potential
Decentralized Data Economy creating empowered Data Owners
Highly secure & quantum-proof decentralized data storage at lower costs
Combines all 3 necessary components for increasing data value: Storage, Analytics, and Commercialization
Starts at the source of Personal Data for a direct Data Economy & enables the Data Owner to participate in the value chain
Leverages synergies of both AI & Crypto for automated data analysis, networking & linking
Combination of blockchain & ITS technology provides highest security & quantum proof
Data Ecosystem as layer-3 infrastructure with unlimited potential
In the coming bull market, the projects that will be most successful will be those that can solve main Web2 issues through Web3 technologies, such as Dwinity.
Current regulation of the crypto market, like in Europe (MiCa), gives the now starting Web3 ventures and their investors a legally secure framework and promotes the overall acceptance of the market.
Currently, attempts are being made to ensure the protection of Personal Data by regulations and company promises. However, sustainable Data Protection can only be achieved through Web3 and a data-ownership-driven Data Economy.
The awareness of people for solutions to maintain digital sovereignty is huge, because everyone realizes that the current system only exploits people.
Approximately 90% of all currently available data worldwide has been created in the last two years. In order to be able to draw value potential from data and use them as a source of value, trust and fair structures must be created.
Data quality is a key competitive factor. Opportunities for generating more information and knowledge from data are in considerable demand.
Private sale
Starting MVP development
Pre-release of data control DOD & SDK data control
Release data control DOD & Pre-release of data control domains
At Dwinity, we believe in the power of collaboration and teaming up with the best!
Serial entrepreneur, involved in the Crypto industry since 2016
More than 25 years of experience in data technology and leading critical projects
Expert on data sovereignty & researcher on sovereign identities for over 15 years
Seasoned executive more than 15 years in the FinTech and Crypto world
Dwinity has joined NVIDIA Inception, a program that nurtures startups revolutionizing industries with technological advancements.
Become an early member of the Dwinity Ecosystem. Become a Dwinny!
This article examines the key provisions of the Data Act and their implications on businesses and consumers.
