FairShare

Elevator Pitch: Imagine if you got paid every time a company uses your data. FairShare is a revolutionary platform that compensates you fairly for your online presence and the data you choose to share, all while respecting your privacy wishes. Take control of your digital footprint and earn from it with FairShare!

Concept

A data monetization platform that provides fair compensation to users based on their privacy preferences

Objective

To establish an equitable data economy where users are compensated for sharing their data according to a defined fairness concept

Solution

Utilizing an algorithm based on Shapley value fairness concepts, FairShare ensures that users are compensated fairly based on the privacy level of the data they choose to share

Revenue Model

Transaction fees from data buyers, subscription fees for advanced privacy options, and data analysis services for businesses

Target Market

Social media users, online consumers, and businesses seeking to acquire user-generated data

Expansion Plan

Start with a pilot program targeting social media integration, gradually expanding into other data-rich sectors such as e-commerce, healthcare, and IoT

Potential Challenges

User trust in managing personal data, scalability of the platform, and maintaining the robustness of the fairness algorithm

Customer Problem

Lack of fair compensation for users who provide valuable data to platforms

Regulatory and Ethical Issues

Compliance with global data protection regulations (e.g., GDPR), ethical data usage, and transparent user consent mechanisms

Disruptiveness

Challenges the traditional data collection model by empowering users to receive fair compensation and control over their privacy