This platform provides a possibility to personal your data and revenue from it.
Large-scale data breaches and the abuse of data by cybercriminals have change into an on a regular basis actuality. Data is being utilized to drive huge income in large tech and past. In 2018, a breach at Marriott Hotels resulted in 500 million information being stolen, and simply earlier this yr, Facebook had an unlimited break the place the main points from 533 million customers have been taken.
Cirus is providing people new monetary alternatives via data monetization utilizing the ability of Web 3.0. With over 4,000 Cirus units presently deployed in actual households, the Cirus staff is aiming to propel a brand new possession economic system. By harnessing the enter of two seasoned consultants, former Apple CEO Gil Amelio and founding father of Seagate expertise Finis Conner, Cirus is leveraging tech titans to offer a platform that turns data into cryptocurrency.
Offering each a platform and a tool, Cirus is constructing an ecosystem that will help full data possession.
What is the possession economic system?
An possession economic system idea is a system the place all people maintain a monetary stake or worth from participation in an ecosystem. This has been on the rise for a while now. Companies are providing worker inventory choices often, and even some corporations just like the John Lewis division retailer within the UK are fully owned by its staff.
However, centralized platforms such because the social media websites that folks use every day nonetheless keep a stage of possession with regards to how one transacts and interacts with their platforms. Decentralization that emerged with Web 3.0 has modified all that. Users now have extra freedom and selection with regards to sharing info and for what causes that info is used.
Brand versus particular person data administration
“Big Data is damaged. Users aren’t being compensated for an asset they create. Data is now the world’s largest digital asset, and Cirus places management of it again into the palms of the person. Turning data into cryptocurrency, Cirus unlocks data as an asset for the person, opening the doorways into Web 3.0 and unleashing its long run potential as a brand new bankable asset,” says the Cirus staff.
More perception on Cirus Foundation right here
Brands in the present day are inspired to handle their data and design applicable responses to data breaches within the office. But what concerning the particular person? Cirus Foundation plans to construct an ownership-led economic system, giving people management over their data and the way it’s used, enabling any individual with a Cirus gadget of their dwelling to transact with cryptocurrencies and decentralized belongings.
On the opposite hand, people are extra conscious that their data is on the market and that units they use routinely extract their data. This consciousness brings with it new potential income streams, and Cirus is providing a method for all customers to leverage their very own data to acquire financial rewards within the type of cryptocurrencies.
Why is it necessary to personal one’s data?
There is not any finish to the incidents of data seize, utilization and fraud that appears to occur too typically these days. From the privateness points that surfaced with the Cambridge Analytica scandal to a cyber assault on the New Zealand Central Bank earlier this yr, data has change into sizzling property. Cirus is popping the unfavorable connotations related to data breaches into a optimistic alternative to make use of data as an entry level to the brand new digital economic system.
With connections to crypto, the Cirus Device may be hooked as much as a system that will routinely present entry to new incomes potential. Via family units that are licensed to gather person data, the Cirus Device lets its customers management and select what data they wish to use and the way they wish to use it.
Learn extra about Cirus
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