An initiative which aims to allow people to monetise their data for a basic universal income claims to have welcomed 240,000 users.
The Human Data Income (HUDI) platform allows people to offer their data for sale in exchange for cryptocurrencies.
It describes the first results as ‘promising’ and says one user managed to monetise his data for up to $10 in one day.
Founded in London by Italians Franky Ballarani, Andrea Silvi and Gianluigi Ballarani, HUDI works as a data bank.
Users can retrieve the data that companies have on them, deposit it in this bank and share it with organisations for a profit. HUDI recognises a 50% fee to the data owner.
“Data is the new oil, the raw material of the new economy, and it creates a trillion-dollar-plus market. But we, as data owners, have no control over it and are cut off from the profit,” said CEO Ballarani, professor of digital marketing & crypto strategy at the University of Pavia.
“These results have been achieved with a handful of data. We are just at the beginning. HUDI will disintermediate and democratise the data market, to the point where every person can cover basic living expenses, thanks to Human Data Income.”
To join the experiment for free, register here: https://humandataincome.com/