Tech Deep Dive
Since users can control access to their data on the Karat network, this creates a personal data market completely on chain, where Karat token is used as the currency to facilitate the trade.
In the current landscape, most personal data is stored by centralized parties. Karat Network is pioneering new ways to solve this. What if you could ask applications to store all your data encrypted on Karat under your account, and only you can grant permission to allow the processing of your data?
The personal data marketplace is an exciting application of Karat Network's technology. It enables users to trade their data in a secure and transparent manner and provides a mechanism for users to earn financial rewards for doing so. The marketplace also encourages the development of new dApps that can be built on top of the Karat Network, further expanding the network's capabilities and possibilities.