Web3 Tools & Standards
What are the tools and standards to make this portability and the New Data Economy a reality?
Making consumer-grade technology for data dialogue and Web3 wallets available is a key component. Tapmydata and others have pioneered this from a technological and social point of view; with personal data and ID credentials verified and secured, to license or sell my data users simply connect their Web3 wallet to the intermediary or market without any login.
With Compute-To-Data as used by Ocean, the market brings buyers to you and data stays on premise, keeping control and privacy with the owner, plus discretion to exercise rights, withdraw consent and keep an audit of usage.
The legal, technical and social frameworks are now coming into place for a new, enlarged engine of sustainable data commerce which is censorship-resistant and enables all players to transact on the same terms