Munich, September 4, 2024 – Dwinity, a German tech startup based in Munich, has recently announced the launch of a new data ecosystem centered around a secure and anonymous storage location for sensitive personal data. This innovative solution, which utilizes blockchain technology and predictive artificial intelligence (AI), aims to address the current lack of high-quality data in the world of big data and AI applications.
With the increasing demand for data protection and privacy on the internet, Dwinity has attracted a community of over 40,000 individuals worldwide who share the company’s mission. The company has now opened access to its data storage location for first test users, who can register through their wallet address using the link https://dwinity.com/app/. This approach ensures that users can access the storage location from any device and using any authentication method.
The official launch of the data storage product, which is fully compliant with the General Data Protection Regulation (GDPR), is scheduled for Q4/2024. To use the data storage and participate in the data ecosystem where users can anonymously share their data with industries such as pharma and healthcare, users will need to use the cryptocurrency DWIN, a token provided by Dwinity. This allows data owners to retain full control over their data. Dwinity has partnered with leading technology providers, including Nillion and STORJ, and is a proud partner of NVIDIA’s Inception Program.
According to Dr. Robin Basu, Co-Founder and COO of Dwinity, “Blockchain technology is becoming a game changer, enabling users to securely share their data and social capital from social networks or use it for personal predictive AI applications. Decentralized markets for data storage are already part of the infrastructure and resources that are important for the advancement of AI technologies. With Dwinity, we will unlock this potential for Predictive AI.”
Dwinity’s seed financing was completed under the EU’s new Markets in Crypto-Assets Regulation (MiCAR). The company is one of the first to take advantage of this opportunity to access the capital market, raising a total of 2.4 million US dollars. The next round of financing will also take the form of a private token sale, with plans to eventually list on a decentralized exchange (DEX) and later a central crypto exchange (CEX/ICO) to make the DWIN token publicly tradable.
For more information about Dwinity and its offerings, please visit https://dwinity.com.
About Dwinity
Dwinity is a tech startup founded in 2023 with a mission to unlock the full potential of personal data. The company offers a secure and user-friendly solution that utilizes blockchain technology and predictive AI to give users control over their data and create a thriving data economy. Dwinity has partnerships with leading providers such as Nillion, Storj, Bitbond, SKW Schwarz, Annerton, and others. For more information, please visit https://dwinity.com.
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