Our generation relies heavily on the power of data and its ability to affect our way of doing things. From transparency to distributions of power and responsibility, users are clearly showing that they will not remain voiceless and weak when it comes to their data or the public’s. From now on, sharing is earning.

“A meshwork of green ropes against a red background” by Clint Adair on Unsplash

Everyone has heard of the Cambridge Analytica scandal (read The Guardian article). This company acted without integrity and in a dubious manner within the eyes of many of the most discerning and actively aware generations of online users. This pointed towards not only a lack of integrity, but also an overall lack of transparency. Cambridge Analytica demonstrates how data collecting may influence the understanding of a whole sector of activity, how to take advantage of it and how to perfectly understand complex dynamics among massive quantities of data.

The value of personal data was passed from the hands of the many to the hands of just a few, and then capitalized on to benefit the select. No one was aware they were being fooled nor that our data was being taken away from us for nothing. Hermann Finnbjornsson, CEO, Co-founder of Svandis.io.

In our mission, the way of disassembling this prevailing power law in data is through the Svandis ecosystem, which includes the Research Community and the Svandis DataMining app. The app will be open source and the user permission will be needed. It is exactly an harnessing power, brought to the users. Svandis wants to access a huge amount of complex data and to harness it to the benefit of analysis of the crypto markets. We need to involve many participants and reward them for their work. This is a new kind of partnership and an opportunity to showcase how being a participant in a crowdsourcing mechanism that could allow a user to have a passive income or even quit his day job!

The Svandis team will be operating and building technology with a mission that is opposite to many of the lenient and security prone aggregates in operation today. At the core, this mean building a real partnership with Svandis users, informing them of what is collected, how and where, and sharing the value of the data with those that do the biggest part of the work (e.g., creating/collecting data), as in the users themselves. We will reward all participants while enabling traders the benefit of this Big-Crypto-Data-like platform.

The new possibilities opened by this paradigm allows blockchain and cryptocurrency enthusiasts the potential to live free and disrupt traditional models, like the job sector. This means a lot of positives for the world. By paralleling the Svandis model of rewarding participants, there is place for a whole diversity of expertise, schedule availability, etc. Svandis believes that the economic development and the employment creation of tomorrow will be based upon supporting independent workers. This is what the Research Community is aiming to become. Opportunities for independent people.

The Research Community and DataMining app are distributed mechanisms and systems. If we distribute the participation, we distribute the power.