Datavault AI Insurance and Accounting Data Unions FAQ
Summary
Datavault AI has launched Insurance and Accounting Data Unions to tokenize and monetize anonymized industry data using patented technologies. These initiatives enable secure data monetization while compensating participants through smart contracts and high-performance computing systems.
What is the main announcement from Datavault AI?
Datavault AI has launched two new data unions: the Insurance Data Union in partnership with the Independent Insurance Agents & Brokers of America, and the Accounting Data Union collaborating with accounting firms across all 50 states.
How do these data unions work?
The unions tokenize anonymized insurance and accounting data using Datavault AI’s patented technologies and Information Data Exchange, enabling secure, scalable monetization through smart contracts and high-performance computing.
Who are the partners involved in these data unions?
The Insurance Data Union partners with the Independent Insurance Agents & Brokers of America (Big ‘I’) and independent agents nationwide, while the Accounting Data Union collaborates with leading accounting firms across all 50 states.
How are participants compensated in these data unions?
Participants are compensated for qualified assets scored through Datavault AI’s patented DataScore, DataValue, and Data Vault Bank systems.
What technologies does Datavault AI use for these data unions?
Datavault AI uses its patented technologies including the Information Data Exchange (IDE), DataScore, DataValue, and Data Vault Bank systems, along with smart contracts and high-performance computing.
What is Datavault AI’s broader business focus?
Datavault AI leads in AI experience, valuation, and monetization of assets in Web 3.0, with divisions in Acoustic Science (WiSA, ADIO, Sumerian technologies) and Data Science (experiential data perception, valuation, and secure monetization).
What industries does Datavault AI serve beyond insurance and accounting?
The company serves multiple industries including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more through its cloud-based platform.
Where can I find more information about Datavault AI?
More information is available at www.datavaultsite.com and the company’s newsroom at https://ibn.fm/DVLT, with the full press release at https://ibn.fm/Vrvy4.
Why are insurance and accounting data considered valuable for these initiatives?
According to Tim Varone, a longtime advisor to Datavault AI, ‘Few markets have the data assets of insurance and accounting,’ making them ideal candidates for data monetization through tokenization.
Where is Datavault AI headquartered?
The company is headquartered in Beaverton, OR.
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