Swash and IoTeX announce ecosystem partnership to accelerate agency of internet users through data ownership
Swash is excited to announce an ecosystem partnership with IoTeX. IoTeX connects real-world devices and data to the blockchain in a fast, secure, and decentralised way.
At Swash, our mission is to create a fair data economy by redistributing the value of data back to people. Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
The browser app, which recently surpassed 200,000 global users and is available on all major browsers, enables people to put their data rights into action and to earn from the value of their data, recognising them as integral components of the data economy.
The community has made it clear that there is a need for solutions that recognise people and the value they bring to a rapidly-evolving data economy. In the true nature of Web 3, Swash collaborates closely with an array of ecosystem partners set on making this vision a reality.
We are proud to welcome IoTeX to our network through an ecosystem partnership and potential technical integration.
Since 2017, IoTeX has been building the “Internet of Trusted Things” — an open ecosystem where all people, machines, and businesses can interact with each other with guaranteed trust and privacy. Their new MachineFi vision seeks to use blockchain as a trusted foundation to secure, exchange, and monetise the intelligence and resources from machines, and more importantly deliver this value to everyday people, not corporations.
With over 100 billion internet-connected machines expected by 2030, McKinsey estimates that machines will outnumber humans by 10:1 and generate up to $12.6 trillion in economic value. IoTeX believes the need for security and ownership in the budding machine economy will lead to intelligent machines becoming the largest users of blockchains in the future, generating unthinkable amounts of data that can be securely tokenized and exchanged via blockchain.
Aligned by a shared vision to bring value back to users, the Swash x IoTeX partnership will explore ways to increase individuals’ control over the data they generate in a secure, trusted, and decentralised manner.
As well as supporting each other with ongoing community and marketing expansion, we will also prospect potential technical integration to combine Swash data with IoTeX’s decentralised platform solution, bringing even more value back to our communities.
“It’s important for us to connect and build alongside other Web 3 projects that share our mission and are driven by the same values. We are always looking to extend Swash’s value offering to the community and stay ahead of the tech curve, which is why we’re excited to work with IoTeX and their innovative solution for data at device level.”
- Reza Naeeni, Swash Cofounder
“If data is the new gold, then intelligent machines are the goldmines. We are excited to partner with Swash to explore how verifiable, user-owned information from billions of machines around the world can be utilised in a Web3 context to deliver agency and new financial opportunities to everyday people.”
- Raullen Chai, IoTeX Cofounder
Founded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.
Swash is an ecosystem of tools and services that enable people, businesses, and developers to unlock the latent value of data by pooling, securely sharing, and monetising its value.
People share their data to earn while retaining their privacy. Businesses access high-quality, zero-party data in a sustainable and compliant way. Developers set up and build systems within a collaborative development framework with ease.
As the world’s leading Data Union, Swash is reimagining data ownership by enabling all actors of the data economy to earn, access, build and collaborate in a liquid digital ecosystem for data.
Originally published at https://swashapp.io on December 2, 2021.