Datawallet partners with Steemit
The new Datawallet app, available now for download on iOS and Android, allows users to curate an advanced data profile from social media, online commerce, and offline transactions and opt-in to share their data with companies for profit. The integration of Steemit into the Datawallet app will provide the opportunity to further reward users, and give them another monetization stream for the data created on the Steemit platform.
Serafin Lion Engel, Datawallet CEO said, “With the recent re-launch of Datawallet as a blockchain-based app, we are further aligning ourselves with what’s more beneficial to consumers — transparency, trust, and giving back data ownership. Steemit has been a pioneering platform in the industry, built on the common mission of decentralizing social media and fairly incentivizing users for their engagement, making them a natural fit to be a part of Datawallet. It’s a powerful next step to offer their already active and engaged userbases another avenue to earn crypto, by giving Steemit users the ability to participate in the networks they love, and then take that data they’re creating and turn it around for profit on Datawallet.”
Datawallet’s mission to upend the existing data ownership model aligns closely to both Steemit’s strive to put the power back into the hands of the platform users, rather than the platform providers.
Ned Scott, Steemit CEO said, “The social media monetization model is broken, both in terms of how platform users are rewarded, and how their data is owned and distributed. Steemit is currently working to resolve part one of that equation and Datawallet are tackling the second. This partnership is a great stepping stone in the long term vision of Steemit to build a living, breathing, and growing social economy.”
Datawallet is headquartered in San Francisco, California. Datawallet 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. They believe that data should be owned and controlled by the people who create it — the users. That’s why they 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.
Steemit, Inc. uses blockchain technology to develop cryptocurrencies that support, improve, and monetize social media sites and networks. It is one the primary developers of the Steem blockchain and Smart Media Tokens (SMTs), as well as steemit.com, the world’s first decentralized social network with millions of unique visitors per month.