Rising expectations for customized experiences with careful attention to consumer data privacy are driving innovation in data sharing and monetization practices. Scurid and Weavechain have teamed up to offer secure sharing with monetization for sensitive IIoT data sets to benefit consumers and retailers alike.
Scurid is a leading innovator in digital identities with high data integrity and governance in the IIoT space. Their team is working with Mona, headquartered in Japan designing & bringing digital transformation to the shopping experience for its users, to develop the Acuri app, which will enhance personalized customer retail shopping experiences. By partnering with Weavechain, Scurid and Mona will secure all personal identifiable consumer data processed by Acuri with Web3 properties and enable easy monetization for both users and IoT data producers.
Sushant Pandey, founder and CEO/CTO of Scurid, says easy monetization to a variety of partners is essential. “We believe that creating the infrastructure for IoT companies to easily monetize data is essential for existing data transactions between companies as well as to prepare for a future in which consumers will expect to be compensated for their own personal data. Weavechain's promise of dynamic permissioning and easy monetization to any and all parties in the chain of data generation and consumption is critical, so we don't have to reinvent the wheel with each development,” Sushant said.
Data monetization is a hot topic, with 87% of Americans viewing data privacy as a human right (Forbes). Scurid and Weavechain offer a path for enterprises to monetize IoT data while complying with evolving government regulations and enterprise best practices around data security requirements. Users can control their data's privacy and safely monetize it without individual profiling, and IoT data producers can monetize data that gets shared with research organizations and others.
Scurid Founder and CEO/CTO Sushant Pandey finds Weavechain perfectly fitting for the solution that's required to build the Acuri app because of its commitment to security and interoperability with existing systems. Weavechain's ability to enable Web3 properties for data from 28 industry-standard databases on 11 blockchains means that enterprises interested in using Acuri can use the same systems they already use, avoiding expensive and risky rip-and-replace solutions.
About Weavechain
Weavechain is the private data on-ramp to Web3. They make it easy to unlock Web3 benefits like immutability, data lineage, data monetization, confidential computing, and oracle connections to Web3 natives for enterprise customers, without rip & replace. For more information, please visit www.weavechain.com
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