How You Make Extra $ Per Month With Your Pet…And Without Be A Social Media Influencer

Original article was published by Davide Camera on Artificial Intelligence on Medium


Photo by Charles Deluvio on Unsplash

How You Make Extra $ Per Month With Your Pet…And Without Be A Social Media Influencer

Mix of Love and Technology

What is Data Monetization?

According to Wikipedia, Data Monetization is a form of monetization, may refer to the act of generating measurable economic benefits from available data sources (analytics).

Keep reading to learn:

✅ What is Pawtocol and What Does
✅ How Earn a Direct Income by sharing Pet Data
✅ Artificial Intelligence, Blockchain & IoT Technology

Data monetization leverages data generated through business operations, available exogenous data or content, as well as data associated with individual actors such as that collected via electronic devices and sensors participating in the internet of things. For example, the ubiquity of the internet of things is generating location data and other data from sensors and mobile devices at an ever-increasing rate. When this data is collated against traditional databases, the value and utility of both sources of data increases, leading to tremendous potential to mine data for social good, research and discovery, and achievement of business objectives. Closely associated with data monetization are the emerging data as a service models for transactions involving data by the data item.

Data monetization leverages data generated through business operations, available exogenous data or content, as well as data associated with individual actors such as that collected via electronic devices and sensors participating in the internet of things. For example, the ubiquity of the internet of things is generating location data and other data from sensors and mobile devices at an ever-increasing rate. When this data is collated against traditional databases, the value and utility of both sources of data increases, leading to tremendous potential to mine data for social good, research and discovery, and achievement of business objectives. Closely associated with data monetization are the emerging data as a service models for transactions involving data by the data item.

There are three ethical and regulatory vectors involved in data monetization due to the sometimes conflicting interests of actors involved in the digital supply chain.

  • The individual data creator who generates files and records through his own efforts or owns a device such as a sensor or a mobile phone that generates data has a claim to ownership of data.
  • The business entity that generates data in the course of its operations, such as its transactions with financial institutions or risk factors discovered through feedback from customers also has a claim on data captured through their systems and platforms.
  • However, the person that contributed the data may also have a legitimate claim on the data. Internet platforms and service providers, such as Google or Facebook that require a user to forgo some ownership interest in their data in exchange for use of the platform also have a legitimate claim on the data.

Types of Data Monetization

  1. Internal data monetization — An organization’s data is used internally, resulting in economic benefit. This is commonly the case in organizations using analytics to uncover insights, resulting in improved profit, cost savings or the avoidance of risk. Internal data monetization is currently the most common form of monetization, requiring far fewer security, intellectual property, and legal precautions when compared to other types. The potential economic gains from this type of data monetization are limited by the organization’s internal structure and situation.

What is Pawtocol and What Does?

Pawtocol is the world’s most advanced pet community, a global online community of pet lovers who are disrupting the pet industry by leveraging blockchain technology while monetizing data about their pets.

Created by a team of animal lovers including data scientists, veterinarians, engineers, economists, and strategic advisors, Pawtocol provides a revolutionary new form of communication for the entire pet industry.

Pawtocol helps pet owners collect and manage data about their pets collected from several different sources including IOT devices, vets and more. Users on the platform will always maintain control over the data about their pets.

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  1. External data monetization — A person or organization makes data they possess available on a for-fee basis to external parties, or as a broker for same. This type of monetization is less common and requires various methods to distribute the data to potential buyers and consumers. However, the economic gain that results from collecting data, packaging and distributing it, can be quite large.

What Pawtocol Does

  • Help a global community of pet parents collect and process data about their pet’s well-being through the use of sensors and professionals to help prevent illness through tailored care and nutrition instructions.
  • Gives users a Universal Pet Income (UPI Token) that compensates them for the value of the data they provide to the network. UPI can be exchanged for products and services on the platform.
  • Helps eliminate predatory marketing practices while recommending medicines, foods, treats, and toys from providers proven to benefit pet well-being.

How Earn a Direct Income by sharing Pet Data

Traditional online networks have profited for years from users interacting with and helping to shape their platforms.

Pawtocol will reverse this model by compensating users for their interactions, insights, and data.

Pawtocol also seeks to help businesses, vets, and pet-based services to reduce their advertising costs while still reaching the users who are best matched to their offerings.

Rewarding Users

In addition to getting UPI Tokens for participating, users will gain points, badges, ascend ranks, and increase their status on the network. All interactions with the platform will be gamified, fun, and enjoyable.

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The UPI Token is Pawtocol’s official platform currency, you can use it to buy products and services on the platform or exchange it for real-world currency.

The concept behind Universal Pet Income is to turn the traditional business model of data monetization upside down and finally give users their fair share of the income produced by the massive amount of data they create and collect every day.

Rewarding Businesses

Participating businesses will benefit from targeted in-app recommendations and the opportunity to gain trust-boosting badges. Interaction with the network will put businesses directly in front of well-matched new customers.

Artificial Intelligence, Blockchain & IoT Technology

Pawtocol brings the worlds most powerful diagnostic databases and AI to pet owners and makes informed recommendations based on knowledge of their own pets. The insights and revelations provided by the AI’s ability to analyze patterns and trends while assessing risk will change the way you care for your pets forever.

The AIs main goal is to analyze data and find trends that result in healthier pets.

You get information about these trends through unbiased product recommendations based on actual data about your pet.

Pawtocol is designed for the connected world and will launch the platform with it’s first IoT device, Blockchain Dog tags. Pawtocol will help you collect data about your pets’ medical records, the food you feed them, even the amount of exercise they get. If your pet is ever lost anyone with access to a phone will be able to see pertinent data about your pet, such as foods to avoid, where it lives and the reward for its safe return.

Pawtocol dog tags are readable at a distance and transmit exactly what the owner wants people to know. This can include the pet’s name, any medical conditions, return instructions and even a reward using blockchain technology.

Future smart sensors on the Pawtocol network will be able to monitor diet, wake and sleep patterns, vital signs and exercise.

Researchers will buy this valuable information directly from you which turns your pet’s daily activities into monetizable data and better recommendations.