ACCESSWIRE
24 May 2022, 20:49 GMT+10
LONDON, UK / ACCESSWIRE / May 24, 2022 / More than two hundred and forty thousand (240.000) users worldwide have participated in Human Data Income (HUDI) initiative. The platform allows people to offer their data for sale in exchange for cryptocurrencies. The first HUDI data monetizations results are promising: a user manages to monetize his data for up to $10 in one day.
HUDI is a crypto startup founded in London by three Italians: Franky Ballarani, Andrea Silvi and Gianluigi Ballarani. HUDI allows people to regain control over their data and monetize it in crypto ($HUDI). The idea of a universal basic income (UBI) is not new, but this is the first UBI empowered by the data economy.
'HUDI will disintermediate and democratize the data market, to the point where every person can cover basic living expenses' Franky Ballarani'
'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', comments Gigi Ballarani, professor of Digital Marketing & Crypto Strategy at the University of Pavia and co-founder of the project.
HUDI works as a data bank. Users can retrieve the data that companies have on them, deposit it in HUDI's 'data bank', and share it with organizations for a profit. HUDI recognizes a 50% fee to the data owner.
'These results have been achieved with a handful of data,' claims Franky Ballarani, co-founder and CEO of HUDI. 'We are just at the beginning. HUDI will disintermediate and democratize 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/
PRESS CONTACT:
Human data income Ltd
info@humandataincome.com
https://humandataincome.com/
SOURCE: Human data income Ltd
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationTOKYO, Japan: Amidst semiconductor shortages and COVID-19 parts supply disruptions, Toyota has reduced its July global production target by 50,000 ...
NEW YORK CITY, New York: Electric vehicle (EV) sales could reach 33 percent globally by 2028, and 54 percent by ...
BERLIN, Germany: To prevent large increases in food prices, officials from G7 countries, including Germany and the UK, will push ...
WASHINGTON D.C.: The U.S. Food and Drug Administration (FDA) is preparing to order Juul Labs to stop selling its e-cigarettes ...
WASHINGTON D.C.: As average home prices surged to a record high, reaching the $400,000 mark for the first time, and ...
MOSCOW, Russia: Russia's consumer price index has fallen by 0.12 percent for the third consecutive week.This drop in the consumer ...
BOSTON, Massachusetts: U.S. airlines were forced to cancel over 2,800 flights late last week after the Northeast was buffeted by ...
London [England], 25 June (ANI): Researchers from UCL, the University of Cambridge, and Massachusetts Institute of Technology (MIT) constructed a ...
The Baltimore Orioles recalled right-hander Spenser Watkins from Triple-A Norfolk to start Saturday afternoon's game against the host Chicago White ...
The Seoul Dynasty and Hangzhou Spark each recorded a sweep during East Region play on Saturday in the Overwatch League's ...
The version of Javier Baez that the Detroit Tigers expected to see has arrived. The suddenly hot shortstop has homered ...
The Boston Red Sox put the clamps on the host Cleveland Guardians in the first game of their three-game set ...