Data Cooperatives: Towards a Foundation for Decentralized Personal Data Management

Understand

Data cooperatives with fiduciary obligations to members provide a promising direction for the empowerment of individuals through their own personal data.

• A data cooperative can manage, curate and protect access to the personal data of citizen members.
• Furthermore, the data cooperative can run internal analytics in order to obtain insights regarding the well-being of its members.
• Armed with these insights, the data cooperative would be in a good position to negotiate better services and discounts for its members.