Data ownership is no longer just a theoretical debate—it’s a call to action. At Money 20/20 USA, DrumWave unveiled first-of-their-kind solutions to shift data from an invisible asset to an engine of personal and economic empowerment. The panel discussion highlighted the asymmetry of today’s data economy and how Data Savings Accounts and the dWallet.® are bridging the gap between individuals and the value their data creates.
Key Insights from the Panel
- Data Ownership Is the Foundation of Economic Equity
Every individual contributes to the multi-trillion-dollar data economy daily, yet autonomy over this value remains elusive. Data Ownership Rights Activist Brittany Kaiser emphasized that defining data as personal property is pivotal. This change allows individuals to claim their rightful share of the immense value generated, much like property or financial assets. - A Paradigm Shift for Businesses and Consumers
DrumWave CEO André Vellozo explained the profound economic asymmetry between data processors and financial institutions. By integrating data custody into their services, banks and businesses can enable consumers to realize the value of their data. This model benefits both parties: consumers gain clarity, control, and compensation, while businesses access cleaner, real-time data to deepen relationships, power AI, and grow revenue. - Introducing Data Savings Plans
Imagine storing your data in a secure, audited Data Savings Account, similar to a financial account. Every interaction—whether buying coffee, streaming media, or using apps—adds value to this account. Through a dWallet., consumers can exchange, save, and even invest their data, creating entirely new ways to build wealth and participate in the digital economy. - Transforming Banks Into Data Custodians
The panel challenged financial institutions to reimagine their roles. Instead of merely storing money, banks could become trusted custodians of personal data. This shift isn’t just about storage; it’s about sharing the value created from data usage with customers, fostering trust and driving innovation.
The Vision for Engineered Data Ownership
DrumWave’s solutions highlight a future where data operates like currency, seamlessly integrated into everyday life. The dWallet. Platform enables businesses to empower their customers to own, monetize, and even invest their data. This isn’t just a technological shift—it’s a moral imperative to address the imbalances of the digital economy.
The New Data Economy Awaits
Join the revolution in data ownership today. Whether you’re a business leader or an individual seeking ownership of your data, DrumWave’s platform offers tools to unlock your data’s full potential. Sign up for our newsletter using the below form to stay up to date on product releases and thought leadership.