Axia collaborates with UBDI for data monetization for its inclusive ecosystem
By Pavithra R
Axia has announced partnering with UBDI, a data monetization platform, to expand its efforts to not only democratize money, but provide ways for users to retain control and now monetize data in new an innovative ways.
“In the digital age, how the benefits of data monetization are distributed is essential to creating a fairer economic system. An individual’s time and attention is a valuable resource that many do not know they freely give away to corporations. Now when data is produced by AXIA community members from applications they may already be using everyday they can now be the ones who will reap the benefits rather than it going to corporate interest. Knowing the mission of AXIA is that its users receive the value, UBDI’s technology is a perfect fit for the AXIA Ecosystem because it will further enhance how AXIA will deliver unprecedented rewards to all network participants,” said AXIA Founder Nick Agar.
Through the alliance, AXIA and UBDI will leverage each other’s infrastructure in order to create important new tools for users. Participants in AXIA’s vast ecosystem of decentralized applications will be able to create encrypted data banks that can be used by companies for insight-gathering, ad-targeting and other studies, but only on a volunteer basis. This allows them to earn income from their data privately without any centralized intermediary.
“We’re happy to collaborate with an ambitious project such as AXIA. Integrating our technology into the AXIA Ecosystem will not only open wider doors for data monetization, it could also set a new standard for how the internet works as more and more AXIA users realize that this is a source of income that they should’ve had all along.” said UBDI Founder Mark Kilaghbian.
AXIA’s work with UBDI is part of a series of other important partnerships after the launch of its inclusive financial ecosystem. The collaboration will further enhance the project’s goal of delivering ongoing value for participants, including unbanked communities thanks to blockchain technology.