- Businesses, academics, and analysts will be able to use the richer data sets that are produced.
- With its real-time, decentralized financial data across many sectors, Truflation is leading the data revolution.
Truflation, a cutting-edge source of real-time economic data, and Scannit, a pioneer in user-controlled data monetization, have announced a cooperation to improve the accuracy and impact of economic insights. Businesses, academics, and analysts will be able to use the richer data sets that are produced by integrating Scannit’s data into Truflation’s analysis. As a consequence, economic patterns are seen more clearly and transparently, providing people and organizations throughout the globe with invaluable insights.
With its real-time, decentralized financial data across many sectors, Truflation is leading the data revolution. In order to get user-generated, consented, and ethically sourced data, Truflation will make advantage of Scannit’s creative methodology. Through collaborations with more than 80 data suppliers, Truflation’s platform records more than 20 million products. Truflation is democratizing access to vital financial data by putting it on-chain, enabling users to make better, more informed choices instantly. In addition to benefiting from their data, users will be able to shape the economic insights that benefit the larger community, resulting in a win-win situation.
This partnership is the first step in a broader effort to develop a robust data ecosystem. There are already more than 782 data feeds from the Truf Network that may be consumed, ranging from US wheat to oil or lithium. As a component of the broader Truf Network, this keeps creating an environment where the truth is rewarded and economic data turns into a valued, exchangeable commodity that drives more intelligent financial choices. The Truf Network provides verified access to current and reliable economic data streams, regardless of whether you’re an investor, trader, or institution seeking real-time insights.
A Shared Vision of Data Empowerment
Redefining the value and sharing of data is the joint goal of both Scannit and Truflation. This collaboration demonstrates a dedication to building a more open and equitable data ecosystem where individuals are given the authority to manage their data and reap real rewards for their involvement.
Karl Nowak, Scannit’s CEO stated:
Stefan Rust, Truflation’s CEO added:
Scannit is dedicated to assisting people in regaining control over their personal information. The platform gives consumers the ability to manage and profit from their data, providing companies with a moral way to get high-quality, user-provided data while upholding consent and privacy. By bridging the gap between ethical business intelligence and data ownership, Scannit adds value for both people and businesses.
