Out of many goals businesses have, one of the most crucial goals is to understand the consumers. By gathering consumer data, companies can prepare strategies and tactics on how they should sell their products and services. However, the data of rightful owners often have no idea that their information is being sold online. In the US, over 500 million dollars is made annually by selling consumer data. 100% of the revenue goes to the company that sells the data of consumers. On the other hand, the data owner does not get a penny out of it. As a result, Cached is here to change this narration where rightful data owners do not get compensation for sharing their personal data.
What is Cached?
Many big corporations that have strong goodwill in the market often exploit users’ data without their exclusive permission. These data hold high value among all types of businesses worldwide. As a result, they are packaged and sold to different entities to make tons of profit from their revenue. However, the owner of those data never gets compensated as they are unaware of their data exploitation. The lack of security and data privacy raises the need for a better fulfilling system. This is where Cached comes with a response.
Cached is a data platform that emphasizes the data sharing permission structure. As a result, there are healthy relations between buyers and sellers of data. Cached has a concise objective and that is to give full control of data to its owner and get compensated accordingly.
The permission-based data sharing structure is a distinctive feature of Cached. Hence, there is no discrimination or exploitation against data owners. Buyers cannot have access to your data without legal permission. By giving control over respected owners, Cached embarks itself as a trustworthy platform for buyers and sellers of data.
Traditionally, data owners do not get any profit when corporations sell their data. With Cached, you will get a share of the profit by providing information that is valuable to buyers. As a result, you get paid whenever a buyer purchases your data.
How does it work?
After you have successfully registered in Cached’s interactive data sharing platform, you are eligible to make money from your data. In addition, being a part of the Cached network also makes you money.
Anyone can start their journey for free with Cached and earn a monthly income from their shared data. It takes 60 seconds to get yourself onboard in the world of Cached. You can visit the website and sign up to make a Cached profile. After that, your profile will get insights about your lifestyle and interests. Now it is up to your hands what type of data you allow Cached to extract from your information. Moreover, you also get to choose which companies should have permission to access your shared data. All of these prompts happen within the app.
Cached also sends push-up notifications on your smartphone app which are regarding advertisers requesting your data. These notifications are time-sensitive and one-time. As a result, you can get additional income through these push-message notifications whenever you give access to your data to advertisers.
So let’s talk about Cached Profile Holders, These holders are the ones who have registered in Cached and permit all necessary permissions in the platform. You will receive 50% of all transactions with your data. For instance, if your data generated 100$ then you will get 50$ as a profit. Moreover, you will also get 10% of the revenue generated from the Cached entire network. The revenue made from the data does not have to be yours. As long as you are a part of the shared network, you will get 10% revenue.
We leave behind a lot of digital data in our day-to-day online browsing and shopping. Advertisers are paying tons of money to have access to these digital footprints. With Cached, you can start earning a monthly income when advertisers are lurking on your data. As a consumer who has personalized data, you have the authority over your precious data. As a result, whenever your data is being shared, it is only ethical to compensate you in exchange for your data.