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The explosion of data as currency is not a bad thing.
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Pitch: "We see data as a currency.
DealBook » American Politics and Chinese Data | In the midst of increasingly heated election rhetoric about China, Beijing has released some important economic data as its currency reached record highs, Bill Bishop writes in the China Insider column.
Big data as a currency that can be used by tech giants to stifle competition is a theme Vestager has spoken on several times before.
In this way, Aquto and TextMe's open model may be an early view of an emerging trend of data as a currency.
We've seen plenty of campaigns come and go touting the "free internet", but using wireless data as a currency is interesting.
I advised my Colombian friends that planning today for the future of cities, by harnessing the connectivity of networks, seeing data as a currency, building systems where digital connectivity such as sensors and mobile networks can help predict demand and deliver services is a smart way to plan for the future.
Aquto has partnered with AT&T before to create their Data Perks program which is built on the same model of rewarding sponsored actions and behaviors, but according to TextMe's Chief Revenue Officer Julien Decot and Aquto's CEO Susie Kim Riley, "this is the first time wireless data has been used as currency in a messaging app".
Imagine a parallel universe, where our data is valued and used as currency – it's not that hard is it?
Consumers already see their data as a kind of currency for using "free" websites, he says.
The U.S. dollar was mixed after the release of the minutes as currency traders gleaned little data on where interest rates might go.
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