AI Wearables Meet Data Sovereignty: Scannit and WatchX - Scannit

Collaboration between Scannit and WatchX aims to merge data monetization with AI-powered wearable tech, enhancing user empowerment and ethical business practices.

[ATLANTA, GA, October 2024] — Scannit Inc., a leading platform in user-controlled data monetization, is proud to announce its strategic partnership with WatchX, an AI-powered decentralized physical infrastructure network (DePIN) focused on integrating Web3 functionality with wearable technology. This collaboration promises to revolutionize how users interact with personal data and wearable technology, offering greater control, rewards, and ethical use of health and activity data.

This partnership represents a step forward in the convergence of data ownership, wearable tech, and decentralized applications (dApps). By combining Scannit’s expertise in data sovereignty and WatchX’s innovative smartwatches, users will enjoy a more enriched experience and significant benefits, including the opportunity to monetize their biometric and health data securely.

The collaboration is set to bring several key benefits:

• Data Value Exchange: Users can seamlessly share their opt-in health and activity data from WatchX devices, enriching Scannit’s data ecosystem and helping businesses make more ethical data-driven decisions.
• User Rewards: Both Scannit and WatchX will incentivize users for their participation in the data economy, offering financial compensation and other rewards based on engagement levels.
• Enhanced Health Insights: WatchX will leverage Scannit’s data capabilities to better understand the link between user health metrics and consumption patterns, contributing to improved personalized health services.

„Our vision is to build a data economy beyond just financial data, and health data generated by smartwatches is a tremendous opportunity to realize this. Partnering with WatchX is a no-brainer for us, as we see numerous synergies that will benefit users and businesses alike,“ said Karl Nowak, CEO of Scannit.

Through this partnership, Scannit and WatchX are positioned to lead the way in creating a transparent and ethically-driven data ecosystem, where users retain sovereignty over their data while accessing unique rewards.

About Scannit

Scannit is committed to helping individuals regain sovereignty over their personal data. Our platform enables users to control and monetize their data, offering businesses an ethical avenue to access high-quality, user-provided information while respecting privacy and consent. Scannit bridges the gap between data ownership and ethical business intelligence, creating value for both individuals and companies. Learn more at [www.scannit.io].

About WatchX

WatchX is an AI-powered decentralized physical infrastructure network (DePIN) that integrates Web3 functionality with smartwatches. The platform offers unique features like a multi-chain wallet, AI HealthFi assistants, and biometric data monitoring, positioning itself as a leader in the wearable tech space. WatchX seeks to drive mass adoption of Web3 through wearable devices that reward users for participation. Learn more at [www.watchx.com].