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Datawallet Partners with Indorse and Steemit, Allows Users to Earn Profit for Sharing Data

Leading blockchain social networks to be added as data sources in new Datwallet app

 

SAN FRANCISCO - January 4, 2018 (Investorideas.com Newswire) Datawallet, a leading C2B blockchain-based data exchange, today announced partnerships with the first and largest blockchain-based social network Steemit, and the decentralized network for professionals Indorse. The new Datawallet app, available now for download on iOS and Android, allows users to curate an advanced data profile from social media, online commerce, and offline transactions and opt-in to share their data with companies for profit. The integration of Steemit and Indorse into the Datawallet app will provide the opportunity to further reward users, and give them another monetization stream for the data created on each respective platform.

Serafin Lion Engel, Datawallet CEO said, "With the recent re-launch of Datawallet as a blockchain-based app, we are further aligning ourselves with what's more beneficial to consumers - transparency, trust, and giving back data ownership. Steemit and Indorse have been pioneering platforms in the industry, built on the common mission of decentralizing social media and fairly incentivizing users for their engagement, making them a natural fit to be a part of Datawallet. It's a powerful next step to offer their already active and engaged userbases another avenue to earn crypto, by giving Steemit and Indorse users the ability to participate in the networks they love, and then take that data they're creating and turn it around for profit on Datawallet."

Datawallet's mission to upend the existing data ownership model aligns closely to both Steemit and Indorse's strive to put the power back into the hands of the platform users, rather than the platform providers. Datawallet is working with these companies with an aim to further reward its users, by equitably compensating them for the data that they choose to provide.

Ned Scott, Steemit CEO said, "The social media monetization model is broken, both in terms of how platform users are rewarded, and how their data is owned and distributed. Steemit is currently working to resolve part one of that equation and Datawallet are tackling the second. This partnership is a great stepping stone in the long term vision of Steemit to build a living, breathing, and growing social economy."

Gaurang Torvekar, Indorse CTO said,"The quality of the data created on Indorse is unrivaled, making it a perfect fit for us to partner with Datawallet. Our first-rate data comes as a result of our process of information-validation through peers. Indorse uses internal rewards and a reputation system to incentivize members to add their skills and accomplishments, and indorse those of others. We love the idea of being able to give our users a further method of earning, through the provision of their data with Datawallet."

The Datawallet app is available for download now in the Apple app store and Google Play. For more information, visit www.datawallet.com, read the whitepaper here, and join Datawallet's Telegram channel here.

Datawallet CEO Serafin Lion Engel is available for interview

About Datawallet:

Datawallet is headquartered in San Francisco, California. Datawallet empowers developers to leverage a completely new data universe to build the most advanced applications ever. And it provides companies with insights that will boost their operations on a never before seen scale. They believe that data should be owned and controlled by the people who create it - the users. That's why they built the Datawallet, a blockchain powered data exchange that puts people in charge of their data and empowers developers to bring to live the next generation of world-class applications.

About Indorse:

Headquartered in Singapore, Indorse, the decentralized professional network which aims to build a social network where the user is in charge of their own data, rather than a third party, incentivizes professionals verifying and endorsing the skill sets of peers. Founded in 2017 by David Moskowitz and Gaurang Torvekar, Indorse envisions a serverless, decentralized future, where the users will build their profiles and profit from their reputation and from sharing their skills and activities on the platform via reward tokens.

About Steemit:

Steemit, Inc. uses blockchain technology to develop cryptocurrencies that support, improve, and monetize social media sites and networks. It is one the primary developers of the Steem blockchain and Smart Media Tokens (SMTs), as well as steemit.com, the world's first decentralized social network with millions of unique visitors per month.


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