[BFG Investment] Blockchain Founders Group invests in WeDataNation to empower new data economy
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We are excited to announce that WeDataNation has become the most recent addition to our investment track record. As a decentralized data analysis solution, WeDataNation utilizes advanced machine learning and AI technologies to analyze authentic user data.
Why we invested in WeDataNation
A 2023 report from the business research company reveals significant growth in the global data analytics market, with the market size surging from $8.88 billion in 2022 to $10.57 billion in 2023, exhibiting an annual growth rate of 19.1%. This impressive growth can be attributed to the increasing demand for enhanced user satisfaction. Businesses are seeking data that provides a competitive advantage, fosters customer loyalty, boosts brand reputation and drives overall business growth, all of which require improved customer satisfaction.
The growth of the data analytics market is accompanied by challenges. Businesses struggle with collecting and managing data in order to effectively analyze and derive meaningful insights. Additionally, there are privacy issues such as the distribution of data without consent, non-transparent terms and conditions, and the lack of revenue sharing with data owners. There is often no accessible information on how data is used or distributed, leading to an imbalance of power and exploitation of data for the company’s benefit without compensating the owners.
How WeDataNation solves it?
WeDataNation is more than just a platform that provides data analysis solutions to businesses of all sizes. It also addresses the challenges facing the data analytics industry, such as data privacy and transparency, revenue sharing, as well as fair data storage and distribution. WeDataNation’s data management services allow businesses to collect, store, and manage data with complete transparency and consent allow businesses to collect, store, and manage data with complete transparency and consent while ensuring that data is used ethically and responsibly and users will benefit from the data usage. With WeDataNation, companies can leverage authentic, user-generated data that is tailored to their needs.
Here’s how WeDataNation does it:
- Through WeDataNation App, users can unlock their data’s potential by sharing it with companies in a privacy-preserving, transparent manner and benefit from the generated passive income from the shared data.
- WeDataNation Analysis tools allow businesses to obtain insights into their customer’s behavior by collating data from various sources. This process will generate valuable insights for different purposes, e.g. job market (through LinkedIn) and business competition (via different social media networks and marketplaces). This will allow them to make data-driven decisions and gain a competitive edge in the marketplace.
Take a look at the possibilities of WeDataNation’s analysis tool:
About WeDataNation
The WeDataNation team is composed of professionals specializing in entrepreneurship, blockchain technology, finance, and project management. Henry Wulf Concilio, co-founder and CEO, has extensive experience in sales, marketing, entrepreneurship, and blockchain technology. Raphael Hagemann, co-founder and COO, has over 10 years of experience in banking, finance, and project management. Robin Lehman, DataUnion’s co-founder & CEO, is serving as the fractional CTO for WeDataNation and spearheading rapid prototype development to help extend WeDataNation’s offerings and infrastructure. Together, the WeDataNation team is well-equipped to unlock the potential of individuals’ data and increase data consciousness, allowing easy access to the benefits of user data. Learn more about WeDataNation on their Website, LinkedIn, and Discord.
Contact: Henry Wulf Concilio, co-founder, henry@wedatanation.io
About Blockchain Founders Group
BFG Blockchain Founders Group is a company builder and early-stage venture capital investor. Our team comprises academic and regulatory drivers of the blockchain economy, serial entrepreneurs, and venture capitalists. We love to work with outstanding entrepreneurial talents and bring to bear the full support of our network to make them succeed. Follow us on LinkedIn, Medium, Twitter, and YouTube.
About BFG Superstars Program
The BFG Superstars Program is a crypto incubation program for pre-seed ideas and a place for blockchain talents and co-founders to meet and launch crypto startups in 2 to 3 months. Each cohort will launch 5+ crypto startups with different blockchain-based solutions. At the end of the program, selected startups will receive funding amounting to $60,000. Find more information about the program here.
Contact: Max Zheng, Director of Investments, max.zheng@blockchain-founders.io
