Data ownership and privacy have become two of the most pressing issues in the current state of data brokerage. Decentralization is seen as a potential solution to disrupt the status quo and return data control to its creators. To this end, Bware Labs and Itheum have partnered to introduce identity-preserving solutions that protect privacy and enable data ownership in the decentralized web.
Itheum is a decentralized, cross-chain data brokerage platform designed to empower users worldwide with the ability to truly own and trade their data. Its goal is to enable data ownership in the Web3 and Metaverse ecosystems while creating new market value for data. Itheum employs “decentralized data brokerage” technology, a suite of tools that allows high-value data to be bridged from Web2 to Web3 and subsequently peer-to-peer transferred.
The partnership between Itheum and Bware Labs is a significant development for both companies. Bware Labs will provide Web3 users with one of the industry’s most reliable and fast decentralized infrastructure services, which is an essential component of the Itheum protocol. The cooperation will allow Itheum to include support for Bware Labs’ cutting-edge solutions in its toolkit, significantly enhancing data ownership and identity.
Itheum will use Blast API’s multi-chain solution to enable smooth look-up and aggregation processes of on-chain user data across all Itheum protocol’s data and identity solutions. The end goal of this integration is for a Web3 user who is active on multiple blockchains to combine their data and identity and then acquire ownership of this multi-chain, high-value data footprint via the Itheum protocol.
Flavian Manea, CEO, and Co-Founder of Bware Labs, states, “Through our partnership with Itheum, we support their mission to power up the next generation of dApps built using personal data. And so, we continue to build towards our purpose of empowering Web3 development and offering Web3 users everywhere reliable and highly performant decentralized infrastructure solutions.”
Itheum’s CEO and Co-Founder, Mark Paul, adds, “Our partnership with Bware Labs and integration of Blast API is an exciting step for Itheum. Blast API’s fast and reliable multi-chain infrastructure services will enable us to provide our users with better solutions that help them take control over their web3 data and identity.”
The foundation of blockchain development has always been about engagement and trust. Similar to the architects of Web3, Bware Labs’ mechanics engineer and accelerate infrastructure at scale — fast, fearless, and firing on all cylinders. The collaboration with Itheum is poised to be fruitful, with new developments and tooling already on the horizon. The partnership between Itheum and Web3’s one-stop-shop is a significant leap forward in rebooting the data brokerage system from the ground-up.
Data privacy and ownership have been significant concerns in the digital age, with many individuals concerned about the safety of their information. With the rise of decentralized platforms like Itheum and collaborations with infrastructure providers like Bware Labs, there is hope that individuals can take control of their data and preserve their privacy. This partnership is a vital step in creating a decentralized web that empowers users to own and trade their data while ensuring the highest level of privacy and security.
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