Earn
All-female start-up helping consumers monetise their data
ChainCollective announced its soft launch on International Women’s Day.
All-female start-up helping consumers monetise their data
An all-female start-up powered by the blockchain, ChainCollective, launched on Tuesday to empower everyday Aussies to take control of their data.
The platform was designed to allow consumers greater control over how their data is shared and to monetise it to earn a passive income, charging companies a fee to market and advertise to them directly.
“As the blockchain becomes more the ‘Internet of Money’, the functionality which follows should improve control of our financial opportunities and decisions, our online privacy and security,” said co-founder of ChainCollective, Jenny Walker.
“Our vision is for ChainCollective to be the beginning of true democratisation of data and the future of consumers creating and monetising their ‘self-enriched’ data in a landscape of inclusivity and social responsibility, while giving businesses a more cost-effective and ethical way to market,” Ms Walker explained.
ChainCollective will begin trialling the beta platform product later this year.
"We're offering an alternative approach to enable companies to provide transparency of where and how they are using customer data,” said co-founder Greta Menzies.
“Our platform simplifies the complex landscape and language around data policy so that consumers, regardless of their data literacy levels, can make informed choices to suit their needs."
According to recent research by the world’s largest market research stores, Research and Markets, the consumer data platform market is worth an estimated US$3.5 billion and will grow to over US$20.5 billion over the next five years.
RELATED ARTICLES
About the author
About the author
Side hustle
From passion to profit: Turning your hobby into a side hustle in Australia
In today’s economic climate, finding ways to supplement your income can not only provide financial security but also offer an opportunity to pursue your passions. For many Australians, turning a hobby ...Read more
Side hustle
Thriving in the digital age: Maximize your earnings with remote work
The global shift towards remote work has opened up a myriad of opportunities for professionals in Australia and around the world to redefine their work-life balance while maximizing their earnings ...Read more
Side hustle
Side hustles that can turn into full-time careers
In the age of the gig economy, the traditional 9-to-5 workday is no longer the only pathway to success. Read more
Side hustle
How to make money from podcasting
Podcasts have grown in both quality and quantity over the last 15 years. Read more
Side hustle
It pays to wait for the holiday season to sell your stuff
Side-hustlers looking to make the most from offloading their second-hand goods online may want to keep a few things in mind. Read more
Side hustle
Gen Z flock to side hustles
Side hustle-friendly apps continue to be most popular among younger generations. Read more
Side hustle
Gig economy workers brace for new tax reporting rules
The government is set to launch a new compulsory reporting scheme, targeted at stopping share economy participants from skipping out on their tax obligations. Read more
Side hustle
Australia’s best-paying side hustles revealed
Australians looking to save a bit of money post-COVID-19 pandemic are being advised of the top-paying side hustles. Read more
Side hustle
From passion to profit: Turning your hobby into a side hustle in Australia
In today’s economic climate, finding ways to supplement your income can not only provide financial security but also offer an opportunity to pursue your passions. For many Australians, turning a hobby ...Read more
Side hustle
Thriving in the digital age: Maximize your earnings with remote work
The global shift towards remote work has opened up a myriad of opportunities for professionals in Australia and around the world to redefine their work-life balance while maximizing their earnings ...Read more
Side hustle
Side hustles that can turn into full-time careers
In the age of the gig economy, the traditional 9-to-5 workday is no longer the only pathway to success. Read more
Side hustle
How to make money from podcasting
Podcasts have grown in both quality and quantity over the last 15 years. Read more
Side hustle
It pays to wait for the holiday season to sell your stuff
Side-hustlers looking to make the most from offloading their second-hand goods online may want to keep a few things in mind. Read more
Side hustle
Gen Z flock to side hustles
Side hustle-friendly apps continue to be most popular among younger generations. Read more
Side hustle
Gig economy workers brace for new tax reporting rules
The government is set to launch a new compulsory reporting scheme, targeted at stopping share economy participants from skipping out on their tax obligations. Read more
Side hustle
Australia’s best-paying side hustles revealed
Australians looking to save a bit of money post-COVID-19 pandemic are being advised of the top-paying side hustles. Read more
