• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Netizens Can Now Let Their Data Mint Money for Them with Swash

NewsBTC by NewsBTC
10 months ago
in Company News
Reading Time: 4 mins read
Advertisement

With Web 3.0 gaining ground, data is the new currency as anyone who has control over useful data can make a fortune by putting it to good, or even bad use. As the world goes increasingly digital, people are now genuinely concerned about safeguarding their data. In the current scenario, if one can exert control over their personal information and data generated by their day-to-day activities, they will not only decide on who can access it but also derive monetary benefits out of it.

The importance of user-generated data is not lost to the world, as many controversies in recent days have made people aware of the extent many online businesses go to plump up their balance sheets. When one speaks about such scandals involving gross misuse of user data by violating the users’ trust, the Cambridge Analytica- Facebook fiasco comes to mind. But again, what is the alternative to social platforms and online services like Facebook, Google and other big tech companies who gather user data by luring users in the pretext of free-to-use services. After all, there is no such thing as free lunch. And in this case, users are paying for these services by giving away valuable personal information including their most private moments for free to online platforms.

As companies grow hungry for user data, there have been attempts from various governments to keep them in check. Few regulations like the European GDPR and a more region-specific CCPA applicable in the State of California are positive steps in the right direction, but not foolproof. While these regulations safeguard a small percentage of the global population, a large number of people across geographies are left vulnerable.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Swash as an Answer

The power of decentralization, first introduced by Bitcoin and carried forward by various blockchain projects that followed is put to use by Swash to solve a significant portion of the problem Swash is an ecosystem that brings the increasing value of data back to people by raising awareness and enabling them to monetize it. Relying on what it calls a better-than-free model, Swash doesn’t embark on a virtually impossible task of safeguarding all the data generated by any user. But instead, it collects and monetizes the non-sensitive member-generated data in a transparent and secure fashion and shares the proceeds with them.

To benefit from Swash, all one has to do is install a plugin and continue browsing, just like they would do otherwise. The plugin will take care of all the heavy lifting by collating all non-sensitive, yet valuable user data based on the behavior and usage patterns. The collection is then presented to the user for review and approval before it can be packaged and monetized along with other batches of user-generated data authorized by their owners who are part of the much larger Swash pool, referred to as “Data Union”. In return for their contributions, the users sharing their data will earn Swash tokens, which can be stored, spent or exchanged for other digital assets.

Swash is an opt-in solution that requires explicit user approvals for various actions. To assure transparency and security, the platform has undergone a full Data Protection Impact Assessment and registered with the Information Commissioner’s office in the United Kingdom.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Multi Chain, Multi-Browser and Backed by Multiple Big Names

The Swash browser plugin is available for almost all the popular browser applications including Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, Opera etc., and soon will become available on Android and iOS powered devices. The Swash ecosystem is powered by SWASH, a cross-chain utility token that works seamlessly on Ethereum, xDAI and Binance Smart Chain protocol. The token is a critical part of the platform’s incentive, data transaction, DAO governance and staking systems.

The Swash ecosystem holds a promising outlook, due to its increasingly important role as a manager and protector of user-generated data. Backing this promise are some of the big names in the crypto industry which include the likes of KuCoin, Outlier Ventures and Streamr. Meanwhile, staying true to its commitments, Swash is busy building the first wave of products and services that are going to satisfy the varying requirements of its fast-growing community.

Some of the first wave solutions that are soon going to be part of the Swash ecosystem includes Data Union – a pool of Swash users generating value from their data from their usual online activities through easy monetization; sIntelligence for meaningful interpretation of aggregated user data that can be used to decipher and display key metrics that are of interest to businesses; sApps to provide an environment for new builders and developers to get involved and create their solution on top of Swash core technology and sCompute for all the data crunching without exposing the actual data, which will be of particular interest to data scientists.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

In addition to this first wave of solutions, Swash will be introducing a variety of other products and services in the near future, with real-world applications. Ultimately, the platform intends to strike a balance between privacy and monetization of user data while providing a passive income stream to internet users across the world.

For more information on Swash, check out their official website and try out the browser app for yourself. You can follow the project’s Twitter, Telegram, Reddit, Medium, and LinkedIn for news and updates, subscribe to the Swash mailing list to be prioritized for whitelisting ahead of their IDO this month

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
NewsBTC

NewsBTC

Related Posts

SOURCE Looks to Supercharge Cross-Chain dApps & Smart Contracts with Airdrop, Mainnet Launch

SOURCE Looks to Supercharge Cross-Chain dApps & Smart Contracts with Airdrop, Mainnet Launch

9 hours ago
Is this the Best New Meme Coin to 10x? Tamadoge Set to Overtake Dogecoin

Is this the Best New Meme Coin to 10x? Tamadoge Set to Overtake Dogecoin

15 hours ago
Shariah-Compliant Islamic Coin Raises $200m, Beating All Records in 2022

Shariah-Compliant Islamic Coin Raises $200m, Beating All Records in 2022

18 hours ago
How to Find the Right Buyer for Your NFT

How to Find the Right Buyer for Your NFT

22 hours ago
Nas Academy and Invisible College Introduce Their Web3 Crypto Academy Accessible Through Decentralien NFTs

Nas Academy and Invisible College Introduce Their Web3 Crypto Academy Accessible Through Decentralien NFTs

1 day ago
Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation

Global Adoption Of Cryptocurrency – The First Cryptocurrency Backed By A Nation

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Frontnode announces future support for additional cryptocurrencies (Bitcoin, Ethereum, Cardano, XRP, Dogecoin)

August 10, 2022

Hackless Pioneers B2B & B2C Security Tool for DeFi, Saving Nearly $500,000 for Clients

August 10, 2022

RoboApe and Solana: The Best Cryptocurrencies for Supporting dApps

August 10, 2022

Chronoly.io Presale Tokens Are Selling Out Fast, Hex Coin (Hex) And Filecoin (FIL) Suffer Loses

August 10, 2022

8 BEST Cloud Mining Sites of 2022

August 10, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.