GeoDB is a decentralized marketplace that utilizes blockchain technology to facilitate direct transactions between data generators and buyers, ensuring data privacy and security while complying with GDPR regulations. By eliminating intermediaries, GeoDB enables users to monetize their location data, tapping into the largely unexploited $260 billion big data market.
Funding
$2.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the current data landscape, individuals lack control over their personal data and are not directly compensated when companies utilize it. Intermediaries dominate the big data market, leading to inefficient processes and limiting the monetization potential for data generators.
Solution
Dataverse (formerly GeoDB) is building a decentralized data ecosystem that directly connects data generators with data buyers, leveraging blockchain technology to ensure data privacy, security, and GDPR compliance. The platform empowers users to monetize their data through direct compensation for sharing information via proprietary and third-party partner apps. Dataverse employs a validator network to mediate data transfers and verify contracts in a decentralized manner, fostering trust and efficiency in data transactions. The $GEO token serves as a reward mechanism within the Dataverse ecosystem, incentivizing data sharing and participation.
Target Audience
Dataverse targets individuals who generate data and seek direct compensation, as well as data buyers across various industries looking for transparent, secure, and affordable data sources.
Features
- Direct compensation for users who share their data through connected applications.
- High data privacy and security measures implemented on the blockchain, ensuring GDPR compliance.
- Decentralized peer-to-peer model that makes data more affordable for buyers.
- Enhanced trust in data sources through blockchain verification.
- Fast and efficient data buying process, reducing transaction times.
- Wallace Wallet: official multi-chain wallet for managing rewards across Bitcoin, Cosmos, Ethereum, and BSC networks.
- Dataverse Marketplace: enables data buyers to purchase user-generated data from connected applications.