Nowadays, whether we download an app or open a website, access to our personal data is sought in both places. Have you ever thought that your data on the Internet can also be used to earn money?
If not, then think about it, because Brazil is going to become the first country in the world where people will now be able to earn money from their digital data.
Actually, the government has launched a scheme called ‘D Wallet’, under this, people will be able to deposit their information in a digital wallet and sell it to companies. Let us tell you what this scheme is and how it works
This plan of the Brazilian government has been started by the government tech company Dataprev in collaboration with data firm DrumWave. The ‘D Wallet’ scheme is a digital wallet system. In this, people of Brazil can store their digital information and when a company wants to buy the data, they can earn money from it. This is a kind of data saving account.
No, selling or not selling data is completely voluntary. Brazilian citizens can reject any data offer if they want. It is just like cookies when you open a website. If you say no here, the income earned will also be lost.In Brazil, when a citizen uses any service like an app, website or takes a loan, his data will be stored in ‘D Wallet’. When companies bid to sell this data and if the person approves, he will get money.