The way to verified data sharing

A big trend is about to emerge. It has to do with enabling people to share verified data — data originating from a veritable source, with a veritable way of storing information about the source.

Twitter was first to realize how much the small “Verified” checkmark could change the face of the internet. It is quite odd that projects like Facebook, and, more surprisingly, LinkedIn, are yet to let me permit a third person to add information to my profile. For example, let my university post (or confirm) the fact of my having studied there. Currently, even when I link from my LinkedIn profile to the page of the company that used to employ me, a viewer receives no reliable confirmation that I really worked for this company.

Meanwhile, verified data is of a special quality and significantly decreases the damage we all automatically suffer from the risk of incorrect data. This is why we ensure that users of Frank can rely on displayed financial data in public facing accounts of nonprofits and crowdfunded projects.

At Frank we source our clients data directly from the banking system. We are building a future in which we will all be able to share verified financial data.