What is Tapmydata?

As Web2 has evolved over the years, it has quickly become a centralized space for companies to abuse users’ data. This is all achieved by said members not fully understanding what they are agreeing to when signing up for a service, which can be damaging for the individual.

This is where Tapmydata intends to step in and provide an all in one solution to the problem. By using a unique framework of tools, ledger, and decentralized protocols, people will be able to seamlessly reclaim their digital identity, crystallize unique verified elements of consent in an NFT, and provide a new, transparent channel for legitimate counterparties to blend data and exchange value.

Data is the new DeFi

Not everyone has crypto to stake, but we all have data.

Problems around data value, privacy, and security are rooted in the original design of digital markets – central silos, bad actors, and bots – and solving them is one of the biggest prizes of Web 3. Our decentralized TAP personal data protocol and token break the old cycle of data abuse. Each user can manage their own digital identity, mint NFT’s (Non-Fungible Tokens) of Blockchain Verified Consent, and license this for use across the web, receiving value (ERC20 tokens) from organizations.

How does this work in practice? If you’re a new or existing user of the Tapmydata mobile app, you use it in the same way to request data, add personal credentials and ID, and store this in your secure wallet. We have no access to any of the keys or data.

The app awards TAP tokens for activity which benefits the community, like sharing data or verifying credentials. You can then use these tokens (or buy more) to mint your own Blockchain Verified Consent artefacts. These are what organizations purchase for use in targeted marketing, also using the tokens.

While projects like Brave and Swash have helped make people aware their data has value and this can be realized through crypto, they still work within the limits of the current AdTech system; I get paid for my attention, or for my browsing history to be sold to advertisers.

With the Tap Protocol, token, and ecosystem, we never forget it's your data. We will provide you with control, and the tools to offer Organisations 3 choices:

SEND: Give me my data.
DELETE: It's not yours so get rid of it.
LICENCE: Agree terms to pay me for it.

Organizations are obliged to meet the first choice in the most frictionless way possible to you, data is too valuable to make the second option a default for them, while the solution is to engage with Web3 citizens and find a fair, transparent price for your data, on your terms. Read more.

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