The startup has developed a consumer data protocol that utilizes blockchain technology to securely store and share tokenized, encrypted data in decentralized vaults. This platform enables clients to directly share their data with partners through cryptographic keys, facilitating ethical data monetization while ensuring data privacy and security.
Funding
$380K 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
Current methods of consumer data sharing often lack transparency and security, leaving individuals vulnerable to data breaches and unauthorized use of their personal information. Existing systems struggle to provide consumers with control over their data and fail to ensure compliance with evolving privacy regulations. The absence of a standardized, secure protocol hinders ethical data monetization and limits the potential for trusted data partnerships.
Solution
Waev Data offers a trustless and composable consumer data protocol that leverages blockchain technology to provide secure and transparent data exchange. The platform enables consumers to store their data in decentralized, encrypted vaults and share it directly with partners via cryptographic keys, ensuring data sovereignty and control. Waev Data uses smart contracts to enforce consumer consent and privacy preferences, creating immutable records of data sharing transactions. This approach facilitates ethical data monetization by enabling businesses to build first-party data marketing partnerships while adhering to data privacy regulations.
Target Audience
The primary target audience includes businesses seeking ethical data monetization strategies, marketers aiming to build first-party data partnerships, and consumers who want to reclaim control over their personal data.
Features
- Tokenized data sharing: Consumer data is tokenized and encrypted both in motion and at rest.
- Decentralized vaults: Data is stored in secure, disaster-proof vaults with no single point of failure.
- End-to-end encryption: Cutting-edge cryptographic protocols ensure data privacy.
- Blockchain-based consent: Immutable records on the blockchain provide verifiable proof of consumer consent.
- Smart contract enforcement: Programs stored on the blockchain automatically enforce data regulations and consumer preferences.
- Data Unions: Enables ethical data monetization and participation in exclusive marketing partnerships powered by smart contracts.
- JavaScript/API access: Simple, secure JavaScript or API calls for data streaming to and from the storage network.