Would you like idea to get passive income as you browse on your favourite internet search engine? Yes, it is possible with Swashapp.
In this article I will introduce you what is Swash, how to get and use it and earn passive income. Let's dive into it.
Describing it in very simplistic way Swash lets you earn money as you browse, giving you control while you benefit from the value your data generates online. It was designed by the startup Streamr, which provides infrastructure for users to collectively monetize their data, has an app, Swash, which aims to facilitate a “data union.” Streamr is decentralized platform fro real-time data. For more information about "data unions" please proceed to this blog post and here for developer tools. In very simplistic explanation "data unions" allow everyone to join the data economy and start earning money from the data they already produce.
By introducing Swashapp a blockchain-based data marketplace Streamr is trying to contribute to improving the quality and depth of data used in AI models. Users have the ability to sell their data. Swashapp is the first "data union" developed by Streamr. To aggregate user data it uses a browser extension compatible with chrome, firefox, BRAVE and Microsoft edge. According to Forbes article:
The bundled data eventually becomes available for sale on its marketplace. Users retain the right to exclude any data that they’re not willing to share.
What’s interesting here is that anyone can set up a data union to generate a specific type of data — based on gender or race, for instance. Additionally, collecting data in unions makes them more usable and valuable as opposed to individual entities. Such a system could potentially bring data used in AI closer to reality in certain areas.
According to Hackernoon the monetization is done by pooling your data with others, masking private and sensitive data, and adding it to the Streamr marketplace. This method means it's both safe for the user but also cost-effective for the buyers who can get the data they need affordably.
Swashapp in a nutshell by team
Swash is creating the world’s first digital Data Union - a framework that enables individuals to come together as a collective and get rewarded for the value of their data. By enriching users, Swash is the first, real step towards a new, more dignified internet. It redefines how data is collected and valued, balancing the power dynamic between online platforms and the users they serve.
Swash makes more of what already is by providing a simple and easy way to passively earn crypto, working to serve the majority to shape a fairer world and better internet.
Our goal is to continue growing Swash, bringing more value back to users. The more data there is, the more valuable it becomes. That is why we are now working on expanding our user base to become more appealing for data buyers, to ensure the Swash community receives more for their contributions.
Swash has already attracted over 3200 users and is available for installation on Google Chrome, Mozilla Firefox, Microsoft Edge, Brave, Kiwi, Yandex, and all chromium browsers.
Problem
As the world’s most valuable asset, our digital economy is fuelled by data. The top 5 tech companies alone earn at least $1000 revenue per user per year. This is generated by internet users whose data is collected without their knowledge or consent.
The data economy is worth billions, which is currently enjoyed only by the select few. With growing inequality and the urgent need for alternative solutions that work for everyone, Swash is perfectly positioned to offer an alternative solution for users and data buyers alike.
This is even more prevalent with increasing demands around data rights in legislation, as seen with the implementation of GDPR and now CCPA, and the demise of third-party cookie tracking methods.
Solution
Swash is a browser extension that makes it possible to earn as you surf the web. Users simply install, browse, and earn. Swash does the rest on users’ behalf and rewards them for the value they create.
The data Swash users generate gets captured, pooled, and added to a decentralized marketplace where data buyers can pay to gain access to it. The payment is then distributed to users via a smart contract and makes use of a one-to-many crypto micropayment tool called Monoplasma.
For more detailed info click here.
How to install Swashapp extension?
Please click on this link and follow installation instructions. It is very easy and you start to earn immediately as you browse. I'm doing this by browsing twitter, youtube, netflix, google and other platforms I use on my everyday activity. Swash pays you in DATA tokens which you can withdraw after 48 hours as an anti-fraud measure.
You can also use your referral link and earn 1 DATA for every new installation of Swash plus another 1 DATA when the invited user reaches their first 10 DATA.
Give it a try and let me know if you like it in comments section. Please follow my blog for more tips on getting passive income.
