Datawallet

The CEO provides forecast from 2012 year. Potential use cases have strong non-blockchain competitors. Blockchain product is not ready and there is no deadline for it. There is no incentives for developers to use Datawallet API. There is no incentives for users to share their data on the platform. There is no monetization plan. The last founding round was 100 times less, than current goal. Most part of founders team joined in the last 3 months. Founders lives in 3 countries: USA, Germany and Italy. Some of team members does not mention connections with the project in LinkedIn

Summary

Mainly, DataWallet offers a high-quality exchange platform where users can sell their data for profit. For users outside of the banned countries (US, Canada, New Zealand, China), you’ll be able to choose who you send your data to and directly benefit from it.

Positives
User Incentives: For using DataWallet’s network, you’re able to receive DXT tokens for providing companies your data. This makes it great for users trying to
Data Selling Priority: With DataWallet, you can decide who you send your data to. You have full control over your data and can distribute it to the companies that will pay you

Negatives
Banned in Main Countries: Due to its data selling properties, DataWallet is banned in countries such as the US, China, Canada, and New Zealand. Such Restrictions might make it hard for the network to flourish in the long term.
Currency Value: The value of your data might be low since it’s a new network. Only time will determine if the value of your DXT tokens and data will increase.

The Datawallet ICO offers a way for users to access the value of their personal data combined with the promise of AI-based services. With an alpha app released, the team have demonstrated they are progressing on development. Still, with a number of onchain competitors and no large-scale partnerships to date, disrupting the data brokerage industry will present quite a challenge. All things considered, we’ll be placing a small bet on the Datawallet ICO.

The idea of creating data currency secured with blockchain for transparency and reliability is worth considering. If DataWallet can manage to implement all their plans the main of which are listed above and give everyone an opportunity to be fairly rewarded for their data, the project has quite positive future.

Datawallet is a blockchain-based marketplace where users can share their data with trusted companies, then earn tokens in exchange for selling that data. Users can transparently see how their data is used. Meanwhile, companies can pay to access accurate, specific user data to spur the development of AI systems.

The Datawallet ICO will be launched in the near future, although a specific date has not yet been announced.