Palantir Data Market

Empowering Individuals in the Age of Automation with Data Ownership

Combat automation-induced job loss by empowering individuals to track, own, and (if they want to) sell their engagement data through a government technology platform, creating a new economy where personal data becomes a valuable asset.

Date

Apr 20, 2023

Challenge

Automation will reduce the need for humans in the labor market, people will need a way to earn a living relative to their performance, and the data that people generate is valuable but there is no liquidity.

Solution

Provide governments with a full technology solution for implementing a data market in their country, similar to Palantir. Pursue legislation that grants data ownership to the creator and makes it illegal for companies to track engagement data. Establish a new market for data, the Data Market, similar to the stock market. Provide people with apps that track their engagement data for them to package and sell on the Data Market. Provide companies with apps to buy data.

Insights

  • Data is the new oil
  • Technology companies have means of data liquidity
  • Universal Basic Income (UBI) does not solve for the problem of, “earn a living relative to their performance,” which is core to the American identity
  • Governments are not protecting data property rights
  • New legislation would be needed