![datawallet.jpg](https://steemitimages.com/DQmZonPtjCVKA4aJGekzDn3hLiLNb6kybfzBM9HsVf3EHsk/datawallet.jpg)

It’s true! And did you know that other companies called Data Brokers can collect and sell your data without having your consent while making a huge profit out of it? Personal data are extremely influential in companies profit and its value keeps increasing drastically. As a matter of fact, the data business is considered to be the fourth largest business sector according to recent studies and estimated to be the very first by 2022. But where do they get this data from?


We create a paramount amount of data every day using online platforms for services, socializing and more that is being sold for a huge amount of money without our consent or even our knowledge. We are entirely out of the collection process and profit system, even though we originated everything. Moreover, the data being collected are fragmented and of low quality which does not produce accurate and inclusive results, putting those who collect the data in questionable positions and companies ending up with this data with defected judgment and products. So, how can this be overcome?  

## Datawallet solutions

Datawallet enables users to own and control their data using a blockchain-based technology that allows data exchange giving people control and developers the chance to work conclusively taking applications to the next level. Internet users get the choice to choose what data to share and to what companies, on the other hand, companies can finally access wholesome historic data with specific willing users in real-time. 

## The technology behind it

The two fundamental constituents for Datawallet exchange are encryption everywhere (EE) and the smart encrypted data contracts (SEDC). Users grant their explicit consent using the smart encrypted data contracts because their data is encrypted with private key giving no access to any third parties, including Datawallet. Consequently, users get to sell their pre-approved data and typically receive token for data exchange once all contract terms are met. 

## What is data exchange token (DXT)?

Datawallet has a private economy where data exchange token is the exchange channel. There are earning tokens and spending tokens. When users share their data they get earning tokens, while they can also use spending tokens to pay for services powered by Artificial Intelligence (AI) in the Datawallet App Store.


In a nutshell, Datawallet gives users, who are data creators, the opportunity to own a virtual wallet that they control filled with rightfully owned assets. These are the data they create every day using various platforms on one hand, and on the other hand, it gives developers a window to create a whole new level in data processing and advancement and, finally, companies with well-founded decisions and perfected products.


Datawallet conducts a token sale every once in a while, enabling users and beneficiaries to mutually profit from data. The price per DXT is 0.18 dollars and the token sale lasts up to 30 days giving ample time for anyone to check it out. To find out more about the provided services and token sale, you can visit https://tokensale.datawallet.com/#ico.