How it Works
Last updated
Last updated
You and your peers are tasked with creating an epic ad campaign for a new skateboarding company. Everyone pitches in amazing ideas, and together, you craft something truly impressive.
But instead of just grading the project, your teacher takes all your ideas.
They mash the ideas together, using them to create their own version of your ad.
This new ad goes viral, and your teacher becomes the star of the show, landing a huge job offer from a top marketing firm.
You and your classmates get nothing.
No recognition.
No reward.
What if every time someone watched that viral video, you and your classmates got rewarded?
Every idea that contributed to the final ad would earn you a share of the success. Instead of just watching your teacher benefit from your creativity, you would get a fair share of the rewards each time that ad was viewed or shared.
This is what Ringfence does for user data.
MORE CONTROL:
Ringfence gives you control over your contributions (your data), ensuring that only you decide how they’re used and who can access them. No one can take that data without your permission.
SECURE VAULT: You get a logbook that securely stores all the creative ideas you contribute, ensuring that only you have the power to decide who gets to use them and how they’re shared.
KEEP IT FAIR:
Ringfence gives you control over your contributions (your data), ensuring that only you decide how they’re used and who can access them. No one can take that data without your permission. Ringfence makes sure your data is protected, so you don’t get left out when it gets used.
TRUSTED ORGANIZERS:
Ringfence employs a system (Data Agents) that carefully tracks and organizes your ideas, making sure they’re ready to be used only when you give the green light.
GET YOUR FAIR SHARE: If someone benefits from the creativity you contributed, you deserve a share of the success. Ringfence ensures you receive your rightful portion whenever your ideas (your data) are used to generate profit.
TRANSPARENT REGISTRY: Every time your ideas (data) are used, this is logged in a secure, trusted record (NEAR Protocol). This way, you always receive compensation when your contributions are used for group projects (training AI).
