In the information age, you are your data, and the world desperately needs alternatives that focus on transparency and fairness rather than further lining the pockets of the major players in Silicon Valley.
Considering our current data-driven world, it’s amazing to think that we still don’t have a say in what happens to our information. There is little control over how it is collected, used and sold, and we certainly do not receive any share of the value it generates.
The data economy needs a new solution. One that values balance, transparency and incentives in an ecosystem that puts people at the center. New search shows that only 9% of US consumers believe they have control over their data, even though over 90% think it is important.
The rise of native Web 3 solutions may usher in a new era for data management and ownership, rebalancing power dynamics and bringing freedom – both data and financial – to the masses, whether they are whether or not they care about cryptography.
Swash is a unique solution that empowers people, businesses and developers with an ecosystem of tools and services designed to unlock the latent value of data by pooling, securely sharing and monetizing its value.
The project just closed a $ 7 million oversubscribed round from leading Web 3 venture capitalists, angel investors, crypto firms, and private investors, including Outlier Ventures, KuCoin, and Streamr.
What Swash does for people and organizations
Swash is over 80K Data union members who already claim ownership and earn rewards for the aggregate value of their data. Swash will expand its product line to offer more data use cases as part of its latest funding round and public sale. For example, a competitive intelligence Web 3 dashboard for organizations (sIntelligence), the Swash environment for the next generation of manufacturers (sApps) and a new tool that enables on-premise data calculations for developers and data scientists (sCompute).
Underlying all of these first wave solutions is the SWASH Token. The whitelist process to become a Swash token holder is now open until October 25. I DO will take place on October 29 for all participants who have passed the whitelist and KYC process.
Uses of the Swash Token
All Data Union members will receive Swash (SWASH) when using the app for the value of their data. All transactions between organizations and individuals under Swash’s First Wave solutions will originate from SWASH.
Businesses will also be able to use SWASH to subscribe to products. Swash token holders will also gain governance power over DAO decisions, in addition to having several ways to multiply their rewards with staking and other use cases.
How to join the Swash movement?
If you want to participate in the next public sale, there is still time to be added to the whitelist. There are only 20,000 places available and applications close on October 25 or when the 20,000 places are full.
To get started using Swash and join the world’s first and largest Data Union, you can try swash on all major browsers today.
Follow Swash on their website, Twitter, Telegram, and bulletin.
© 2021 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial or other advice.