Shyft Network Announces Partnership with Tapmydata
Through the partnerships, users of Tapmydata will be able to reclaim and stake with their data in DeFi markets.
We are excited to announce our latest partnership with Tapmydata, a decentralized data protocol enabling people to own their digital identity and earn crypto, while allowing companies to rebuild trust. Tapmydata are able to achieve this through using Privacy by Design and blockchain technology to keep the score. With this partnership, Shyft Network will be able to integrate Tapmydata’s innovation of allowing users to utilize their data to stake in the DeFi market.
The issues surrounding online data and its uses have increased especially due to social media and the growth of the internet. The importance of data and identity verification on different platforms allows users to own their data as well as have power over its use. Many companies have been benefiting from data acquired without the users knowledge or consent. Additionally, little parameters have been put up to identify owners of data, meaning that the validity of certain data or user information is a challenge.
This partnership therefore will allow Shyft Network and Tapmydata to offer users more security for their data, while allowing them to earn by consenting to its usage. The mantra for Tapmydata allows for the inclusion of all users into Web3’s digital economy even if they have no money to invest, through their data. Shyft Network’s attestation framework will help users grant, manage and revoke consent in a secure manner, as well as enable data to be validated by trusted third parties and become more valuable and usable by data aggregators and consumers. In addition, Shyft Network will offer users an opportunity to stake and earn rewards by simply using their data.
“We set out with a simple mission, to help people take back control of their data. With the first release of our app we broke new ground in the personal data space and finally, after sending more data access requests than any other company on the planet, it feels like the industry is ready for us. This partnership is a key element in delivering our vision of a Universal Data Income for all of our users. Enabling third party verification is critical in order to deliver this” — Irfon Watkins, Chairman of Tapmydata
“As Shyft Network enters a new phase of development, bringing strongly aligned partnerships that have a natural fit to our mission and objectives is more important than ever. Shyft Network was built to address real needs and problems. For us, it’s important to keep a user-centric privacy-focused approach to build better standards for personal data management. With Tapmydata, we see a perfect opportunity to create synergies and empower users to own their data, to gain control over it and to contextualize it through trusted third parties, and, ultimately, to be able to benefit from it.” — Juan Aja Aguinaco, Co-Founder of Shyft Network Inc.
The importance of this partnership for Shyft Network
Shyft Network is committed to partnering with platforms that have tangible solutions for their users. The importance of such partnerships open the platform up to more users and use cases, as well as presenting more ways that we can serve the community. It is our hope that this new partnership will allow Shyft Network to make more steps towards strengthening interoperability and decentralization, as well as embedding trust and validation into data.
Why us this important for Tapmydata
We know we are aiming to tackle a huge problem and realize we cannot do it alone. There has to be a shift in worldwide awareness that data has value and it is being monetized without our consent. By partnering with a project that has the same mission, Tapmydata knows we can make a change and are thankful to Shyft Network for embarking on this journey with us.
Tapmydata’s solution helps users to reclaim their digital footprint, giving them the right to decide who they can share the data with and on what terms. Through the platform, people have control of their data and can make decisions on whether to share it or capitalize on the market and earn rewards from their data. The data broking sector trades information without transparency, hence owners of this data have no choice or control over it.
About Shyft Network
The Shyft Network aggregates and embeds trust into data stored on public and private ecosystems, allowing an opt-in compliance layer across all systems. The key pillar for Shyft is user consent, allowing users to track the usage of their data. Therefore, no one can use personal data without consent from the owner. Shift Network allows and gives incentives to individuals and enterprises to work together to add context to data, unlocking the ability to build authentic digital reputation, identity, and credibility frameworks.