Scannit & Truflation partner to Boost Transparency & User Control

Written by Patrick Scherrer | Nov 14, 2024 3:23:30 PM

Truflation, a leading provider of real-time economic data, has teamed up with Scannit Inc., a pioneer in user-controlled data monetization, to enhance data transparency and improve economic insights. This strategic partnership will integrate Scannit’s user-consented, ethically sourced data into Truflation’s extensive network, offering businesses, researchers, and analysts access to richer, more accurate data sets.

By combining forces, the partnership aims to provide a clearer, real-time picture of economic trends. Truflation already tracks over 20 million items from more than 80 data providers, delivering real-time financial data to its users. With Scannit’s user-generated data, Truflation will now offer even more powerful insights, democratizing access to critical financial information and empowering users to make informed decisions. Karl Nowak, CEO of Scannit, emphasized the shared values behind the partnership: „We’re excited to collaborate with Truflation to redefine how data is collected and shared. Our commitment to transparency and user empowerment will unlock new opportunities for everyone involved.“

Empowering Users Through Data

Truflation’s platform brings data on-chain, transforming economic data into a valuable, tradeable asset that drives smarter decisions across industries. This partnership will allow users to not only benefit from their data but actively participate in shaping the economic insights that power the global economy. With over 782 data feeds available, covering everything from US wheat to oil and lithium, the Truf Network continues to grow, offering a decentralized, transparent view of the financial landscape.

"This partnership underscores our belief that data should be accessible, verifiable, and beneficial to all parties involved."

Stefan Rust

CEO of Truflation

Both Truflation and Scannit share a vision of data empowerment—putting control back into the hands of users while offering businesses ethical access to high-quality information. By working together, the companies aim to build a thriving data ecosystem where truth is incentivized, transparency is prioritized, and users are rewarded for their contributions.

For more insights on Truflation’s latest projects, be sure to check out their recent initiative to launch a real-time inflation calculator for India, offering crucial economic data for one of the world’s largest economies. You can also dive deeper into Truflation’s mission by exploring this interview with Stefan Rust, where he discusses the value of real-world inflation data and its impact on financial decisions.

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