DataWallet

The World’s Most Powerful Data Exchange

ERC20 Token

DataWallet (DXT)

Datawallet provides users with a self-sovereign wallet that puts them in charge of their data, and allows them to monetize as well as utilize an asset that is rightfully theirs. It empowers developers to leverage a completely new data universe to build the most advanced applications ever. And it provides companies with insights that will boost their operations on a never before seen scale.

Datawallet leverages blockchain technology to deliver an uncompromisingly transparent personal data marketplace. Blockchain technology obviates the need for data providers to trust Datawallet or other third parties through the two pillars of the Datawallet 2.0 marketplace—encryption everywhere (EE) and the smart encrypted data contracts (SEDC).

For companies, Datawallet constitutes the fuel source to power the new AI driven online economy. Since the Datawallet model is based entirely upon users giving expressive consent to share their data, companies are able to access cross-platform, user-specific, historic and real-time data which previously was entirely inaccessible.

Datawallet provides users with a self-sovereign wallet that belongs to them and only them. It empowers them to unlock the financial and utility value of an asset that is rightfully theirs. Datawallet is introducing the Datawallet API, the first hub for developers building AI driven applications centered around personal data.

“We believe that data should be owned and controlled by the people who create it – the users. That’s why we built the Datawallet, a blockchain powered data exchange that puts people in charge of their data and empowers developers to bring to live the next generation of world-class applications.”

Buy & Sell
Positives

  • Datawallet Collects And Combines Data-Sets With A Users Permission. This Enables The User To Have One Data Profile Which Holds All Of Their Data In One Place. It’s Important That Projects Like These Are Able To Provide A Clean, Easy Experience Not Only For Individuals But For Business Looking To Purchase The Data.
  • Datawallets Website Does An Extremely Good Job Of Detailing What The Current Problem Is With Data And Why Individuals Should Be On Board With Protecting Their Own Data And Having The Rights To That Data
  • The Team Looks To Be Very Experienced. CEO Is A Scholar From Draper University Not To Mention Members From Both Stanford & Harvard. Datawallet Boasts Plenty Of Data Scientists/Analysts & Developers. Nobody Looks Out Of Place Here.
  • Decentralizing The Industry Of Data Is A Perfect Use Case Of The Blockchain. Middle Men Are Not Able To Take Massive Cuts, Data Is Immutable And Protected From Hacks/Theft.
  • Datawallet States That By 2022, Data Will Be The Most Valuable Resource In The World. We Would Have To Agree With That.

Exchanges
Concerns

  • Competitors are fierce and already have the large majority of the market. Acxiom for instance is already partnered with leading tech companies who deal with unbelievable amounts of data every day. The business model that Acxiom works on is extremely unfair to customers and users who have no idea how their data is being used.
  • Their Github seems to be either inactive since February 16th at the time of writing (April 2018) or it is set to private. They’ve already got an alpha available for use so development seems to be progressing, it’s just unfortunate that investors are unable to keep track of it at this time. Private Githubs are not rare for new projects, it can be a way of protecting source code until they’re happy to release it.
  • Projects like these need to incentivize their users and reward them for participating in the network. Obviously, the project that can stand out from the rest in terms of incentives is going to garner adoption. Not a concern for Datawallet in particular but something to keep an eye on when competitors start to show up.

Official Links
Token Details

Token Type

ERC20

Powered by the Ethereum Network. Can be stored on any ERC20 compatible wallet e.g MyEtherWallet

Token Statistics

Supply

• Ticker: DXT
• Total Supply: 1,000,000,000
• Circulating Supply: 390,222,225
• Token Use: Services & Fees

Founders

The Team

Serafin Lion Engel (CEO)
Daniel Hawthorne (CTO)
Greg Ellis (CSO)
More

Industry

& Competitors

• Data Marketplaces
• Identity & Information
• Competitors – Datum, Enigma’s Data Marketplace

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