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Decentralised personal data exchange*

Datafund is a protocol and distributed application (dApp) that guards personal data, provides safe storage and enables data exchange. Information is shared on the need-to-know basis according to an agreement between exchanging parties.

Datafund guards and protects the privacy of an individual while enabling companies to engage in fair data exchange.

* GDPR compliant (read more)

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Problem: Personal data management is broken

Data is the most powerful asset of the digital age. It is a new asset class, bigger as traditional assets and maybe even money. However, current incentives do not favor the individual, they favor siloed development and containment of data, out of reach of the true owners, in order to increase company value. At the moment there is no data management and exchange protocol that puts control in the hands of the individual while companies also don't have a tool to use consumer data in a fair way.

We are at a junction of how our future will look like. Our freedom (of mind) is at stake without even realising it. As data has value and power it is time the ownership and distribution is done the right way. Fair.

“Today, personal data management is like the Wild West. In the digital world, personal data, if understood correctly, are the most intimate assets humans possess. The DataFund project embraces this idea and is building an open source blockchain-based protocol that will be available for all applications that want to comply with GDPR. The protocol and the distributed logic of the blockchain enable completely new possibilities for any kind of data – for example, the market for personal data, which is actually the first application of the protocol. This is an example of how the world should look – business-oriented, but with a European sense of humanity."

Mihael Modic, CEO

Own your data

We are building world's first distributed personal data exchange as we believe that aligned incentives are crucial for a system to work in a fair, transparent way, for the greater good. With the advent of blockchain and other peer-to-peer technologies, such solution provides new possibilities and gives back authority and freedom to the individual.

Individuals are empowered with greater control of their data which can be monetized with means of fair incentive. Rewards can be determined according to the level of data sharing consent while guaranteeing a transparent and fair exchange process. At any moment, the data can be withdrawn and third-party access revoked.

Fair distribution of value

A fair distribution of value can be one of the steps towards universal basic income in opposition to wealth creation that grows social inequality. Last but not least privacy is the foundation of a free society. Let's get this asset that we create back under our control, where we can own our own identity and manage it responsibly!

For Individuals

Control Your Data

Keep Your Privacy

Receive An Additional
Income Source

For Enterprise

GDPR Compliant

All-in-one solution for consumer data storage and sharing, with track-back and opt-out functions.

New Revenue Stream

Transparent data exchange with the consent of the individuals that turns the cost of your CRM into an additional revenue stream.

New Data Streams

More efficient updating and enrichment of your consumer databases.
EU

What is General Data Protection Regulation (GDPR)?

GDPR is an EU regulation that comes in effect on May 25th, 2018. The GDPR is intended to strengthen and unify data protection for all individuals within the European Union (EU). It also addresses the export of personal data outside the EU. Thus, the primary objectives of the GDPR are to give control back to citizens and residents over their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.

As consumers will (finally) take over control of their personal and consumer data all around EU, around 50% of companies are not going to be prepared for that.

Datafund technology stack

Our technology stack builds upon world's most advanced distributed solutions.

Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

Swarm

Swarm is a distributed storage platform and content distribution service, a native base layer service of the Ethereum web 3 stack. The development objective is a peer-to-peer storage and serving solution that is DDOS-resistant, zero-downtime, fault-tolerant and censorship-resistant.

Foundation: Commitment to greater good

Only a non-profit project can stay neutral and act in the best possible way for the individual and greater good. With the first release of the protocol, the code will be open sourced while all the rights will be transferred to a foundation, established in Geneva, Switzerland.

Protocol development

Ethics guidelines

Privacy advocacy

Decentralised governance

The Team

Mihael Modic

CEO

 

Gregor Zavcer

Protocol & Foundation

Zenel Batagelj

Chief strategist

Crt Ahlin

Project Manager / Data analysis

Gasper Zupan

Community management.

Nejc Novak

Legal expertise.

 

Egor Kraft

Artistic concepts and design

Damir Erznoznik

Senior Architect

 

Tadej Mali

Lead developer

 

Markus Zevnik

Developer