New Cardano partnership promises to monetize your private data, but payouts likely start at just $1.25 a year

The Cardano Foundation announced a partnership with Reef Data eG on July 28, backed by Hamburger Volksbank, ARIC, VALIO, and Disruptive Elements.

Reef plans to pool members' personal data, license it to businesses, and pay royalties back to contributors. Cardano's Reeve system sits at the accounting layer, recording payment flows and royalty distributions, and the underlying data stays elsewhere.

The European Commission Joint Research Centre identifies six models of data intermediary: personal-information management systems, data cooperatives, data trusts, data unions, data marketplaces and data-sharing pools.

The EU Data Governance Act gives that market a regulatory backbone, requiring recognized providers to register with national authorities and appear in a public list.

That list was updated on July 28 and names 36 providers across 10 countries, with Germany's only entry being Law & Innovation Technology GmbH, trading as Consenter. Whether Reef intends to seek a listing of its own is an open question the cooperative has yet to answer publicly.

… Continue reading the full article at the original source below.