Selling Data: Here’s How Much You Can Earn In Cryptocurrency
More and more companies are offering individuals the sale of personal data. A way to enrich themselves with its information, rather than leaving this privilege to GAFAM companies. But how much can your data bring you?
Rather than deleting his Facebook account following the September 2018 hack , journalist Gregory Barber of the Wired site decided to try to sell his personal data via the web. An interesting experience that allows you to discover how much money you can earn against your information …
Initially, the journalist went on Telegram secure messaging to get in touch with the Datum startup . It offers individuals to sell their data against cryptocurrencies. In one click, he was able to share his GPS coordinates to receive 1 DAT. It is a token that can be exchanged on the Ethereum blockchain .
He then contacted Doc.ai, allowing users to share any medical data from their prescriptions to their microbiological exams in exchange for a cryptocurrency named NRN. He signed up for an allergy study, and agreed to prevent the application whenever he experienced symptoms.
Data sales: so much effort for a lean good
Then Gregory Barber signed up for the Wibson app . After providing his Facebook biography and Strava routes, he was immediately contacted by a buyer based in Argentina. The latter agreed to buy his Facebook data in exchange for 46 WIP, another application-specific cryptocurrency token. Note that Wibson currently has 5,500 sellers for 10 data buyers .
In total, during his experience, the journalist collected 162 WIPs, 1 DAT, and 0 NRN. Converted into dollars, his loot is about … 0.3 cents . Conclusion: your data is not yet precious enough to allow you to leave your work…
According to his own testimony, the experience of Gregory Barber mainly allowed him to become aware of the amount of data he already shares with web giants like Google and Facebook as well as with many companies. For example, he decided not to take his smartphone with him when he runs, and not to divulge his phone number and email address to Facebook.