DATA POOL, the supporting organization for ordinary people that enables them to generate revenue and share their data, has recently made an announcement that they have hired the Ex Presidential candidate, Andrew Yang. He has been assigned the post of Strategic Advisor.
After the announcement of releasing the latest suite of Web3-focused data marketplace tools, Data Pool announced their new advisor who seeks to transmogrify the data economy via Web3 technology.
Data Pool is a platform that helps people in monetizing their data by the use of tokens and cryptocurrency payment systems. They aim to redistribute power, utility, and control in the data economy. They basically do this by supporting those organizations who are letting the common man monetize and share their data and they call them Data Unions.
Data pool was co-founded by Shiv Malik in 2021 and he is also the CEO of this organization. Web3 is a new idea for the utterance of the world wide web which assimilates concepts such as blockchain technology, decentralization, and the economy of the token base.
The market infrastructure of Data Pool, compromises the rails of payment that use the USD coin(USDC) stablecoin and the consumer-facing apps, which aim to be the primer layer for the so-called data unions, the expanding communities linked to apps that return control of data to the users and extract value from it. The means to scale towards creating millions of tiny payments to individuals were lacking in these communities, the CEO of Pool Data, Shiv Malik said.
Web3 is deployed by Pool Data with the aim to build the infrastructure in an effort to empower people to online monetize and control their data.
Andrew Yang, An American Ex-Presidential Candidate
American National, Andrew Yang is a famous businessman of America, as well as a lobbyist, attorney, and political candidate well-known for his participation in the 2020’s Presidential elections. Yang was born on 13th January 1975 in New York, US. He founded the Forward Party, a venture firm.
This idea of Web3 is very close to the heart of Yang, who also founded the Project of Data Dividend to organize data as property rights under the laws of privacy such as the CCPA- California Consumer Privacy Act.
“The data economy is on the edge of a once-in-a-generation shift”, said Andrew Yang in a statement.
“The outgunning and out-resourcing of individual customers have been done on a massive base by trillion-dollar technology companies”, said Yang.
He added that “coming together, pooling their data and then forming data unions, makes a sense for the consumers which can then negotiate collectively and mandate a fair share for all, of the data economy.”
For solving the existing problems in the data economy, Pool Data is the best solution to the vision of Andrew Yang, because it allocates the tools for the forming and scaling of data unions.
The stable conversion from the prevailing internet to an extra crypto-friendly and deconcentrated Web3 world signifies that the spying economy’s days are numbered.
In an interview with Blockworks, an entrepreneur and political figure said that the advocates of crypto and Web3 should get more involved in politics.
He also revealed the design to fund policy of advocacy and also makes the lawmakers aware and educated about Web3’s positive potential.
Conclusion
Ex-Presidential candidate of America, Andrew Yang holds very dynamic and impressive thoughts regarding the future of Web3. he said that the Web3 idea is very close to his heart. Data Pool is trying to fill the gap between the common people and cryptocurrency and trying to connect them. With the addition of Web3 and a new advisor, having a compelling mindset regarding Web3 will surely be able to do this.
FAQs
Ans. He is an American Businessman, well-known for his participation in the presidential post.
Ans. Web3 is a new idea for the utterance of the world wide web which assimilates the concepts of blockchain technology, decentralization, and economy of the token base.
Ans. Shiv Malik.
Ans. He is 47 years old.
Ans. It is a platform that helps people in monetizing their data through the use of tokens and cryptocurrency payment systems.
