In the digital world, there’s a saying, “If you’re not paying for the product, then you are the product.” Many of the services you use every day, like social media apps, make money by supplying your data to advertisers without your permission.
The idea behind personal data ownership is straightforward: you should be able to control your data. You should be empowered to decide how you share it, and if you do, be able to benefit from it.
How Rainfall Works
Rainfall believes that your data has inherent value, and you should be rewarded for its value. When you provide Rainfall access to your data, we use advanced edge-based AI algorithms and decentralized blockchain technology to aggregate, contextualize, and create high-value insights from your data. We call these insights Real-time Social Intelligence (RSI). Businesses, organizations, and governments purchase RSI to accelerate and grow their business and accomplish their goals.
Insights are generated directly on your phone, and your data never leaves your device. The revenue generated from these insights is automatically distributed back to you in your Rainfall wallet in the form of Raindrops, the native cryptocurrency of Rainfall. Over time, you will earn more Raindrops. Raindrops can be sent to family and friends who also have a Rainfall account. In the future, Raindrops will be convertible to other currencies.
How You Can Safely Earn from Your Data
With Rainfall, you can earn income anytime, anywhere from your data. Start by sharing your location, which is required to earn Raindrops. Share other data sources, such as your photos, activities, contacts, and social media activities, according to your comfort level. You can change your mind at any time by updating your Settings. With Rainfall, you earn Raindrops passively without having to do anything other than what you are doing on a daily basis. The more data you share, the more insights are created, and the more you may earn.
For example, if you share your location information, Rainfall will only use location data to create location-based insights for which you will earn Raindrops. Since the data flow is encrypted and anonymized, your location and identity remain entirely private and never leave your phone.
Rainfall aims to provide a meaningful, recurring income, which we refer to as Universal Earned Income (UEI), to every connected individual worldwide. The term ‘earned’ represents the income you make based on your digital footprint. The UEI concept is not limited to one country. As the name says, ‘universal’ earned income means the concept will apply worldwide. It comes with a thoughtful ability that makes every person's existence valuable and reduces economic inequality.
Why It's Safe to Share Data with Rainfall
Rainfall provides a safe way to earn income from your data while preserving your privacy and security. You get to establish your self-sovereign identity and maintain control of what data you want to share.
Rainfall’s Real-time Insights do not contain your personally identifiable information (PII). Specific details about your life, such as your gender, preferences, habits, employment status, birthdate, address, etc., are all kept on your device because:
We always
- Get your approval to access your data.
- Provide fair value compensation for your data.
- Distribute the majority of the proceeds back to you.
- Use advanced on-device AI and encryption to protect your data.
- Provide transparency as to how to generate insights using your data.
- Make it easy for you to change your settings if you change your mind.
We never
- Share your personally identifiable data with anyone.
- Copy, transfer, or store your data in the Cloud.
- Ask you to give up ownership or control of your data.
Final Thoughts
Rainfall believes you own your data, so you should decide who, where, and how it will be accessed and be compensated for its value. We aim to rebuild trust, so you no longer feel that sharing your data is risky. With Rainfall, you would be able to choose what information you want to share, and you will earn based on what and how much you share. These scenarios create a realistic, flexible, and ethical platform for data sharing, unlocking better opportunities for every individual and helping to reduce economic inequality.
