With the uproar created by Facebook over privacy issues of their services, other tech companies are bringing in a broom to clean the mess. This is coming in the form of enabling users to sell their own data to companies or government willing to buy them.
For instance, a company called Hewlett Packard Enterprise (HPE) has created a prototype where information from someone’s car can be collected on their Edgeline server and stash them on a blockchain. They can sell the data from their car activity to a city manager who might be interested in collecting information about traffic conditions and pothole locations. Gas companies might want to purchase data regarding drivers’ fuel levels to help predict fuel demand of a specific area. Even windshield wiper activity is an important information for those interested in providing timely weather update, according to Fortune.
HPE’s blockchain director Raphael Davison said that this kind of information is valuable if channeled through the proper route. And right now people are just giving it away for free. So why not monetize for additional income?
HPE has already partnered with Nokia and a Swiss startup called Streamr to transform this idea into reality. The payment will come in the form of cryptocurrency called DATAcoin. Last year, Streamr managed to raise $30 million in their initial currency offering.
The goal is to have users place their data on a blockchain using web-connected devices and selling it to governments, ad agencies, pharmaceuticals, and other private companies interested in purchasing the information. This will essentially cut off the corporate middleman and directly place the consumer in front of companies seeking certain data.
And it isn’t just drivers who can benefit from this. Farmers to small and large businesses can take advantage of their collected data and sell them to people operating in certain niches. The HPE is currently looking at ways on how to enable patients to collect and share their medical and health records, which can stave off some of the hospital bills they’ve accumulated.
Of course, it’s going to take a few years before all of this can be implemented to the point that farmers and drivers will benefit from it. However, the technology to usher it in the real already exists so it may not be too far off. Steamr’s CEO Henri Pikhala said that the ultimate goal is to develop the idea where users can simply have an on and off switch to collect and sell their harvested information.


SoftBank and Intel Partner to Develop Next-Generation Memory Chips for AI Data Centers
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
Instagram Outage Disrupts Thousands of U.S. Users
Google Cloud and Liberty Global Forge Strategic AI Partnership to Transform European Telecom Services
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns




