Frequently Asked Questions
Your data is valuable, which is why big tech companies you are connected with collect it - then profit from selling it to third parties. You, the owner of your data, neither share in that profit nor have a say as to whom your data is sold. Royalty directly connects you with third parties willing to pay for your data, and you control which to share your data with and simply reject those you don't.
- Data partner = people who register with Royalty to potentially sell their data
- Third party = those wanting to purchase data (examples include a university, college, provincial government, federal government, private institution, publicly traded company, or private company)
Is Royalty Data legitimate?
Royalty Data is a business registered in Canada and owned by Equilibrium AI Corporation. We are currently 100% Indigenous owned.
Our team is working on Royalty full time. We believe the data industry is backwards, and our mission is to change things so that you - not big tech companies - control and profit from the sharing of your data.
What does Royalty do?
We look for third parties that need data from general or specific groups, and we introduce those third parties to Royalty data-partners that match the criteria.
It is difficult for you to monetize your data individually. The benefits come from becoming part of a big data group.
Big data collectives are attractive to third-parties which are usually looking for data from hundreds or thousands of people at one time. The bigger a data collective like Royalty grows - the more popular it becomes as a data source for third parties - resulting in more opportunities for you - our data partner - to profit from your data.
The opportunities are endless. Examples may include: Marketing and retail companies looking for consumer shopping data. Institutions looking to recruit people for clinical trials and research. Ecommerce looking for data on spending habits. Researchers looking for demographic data. And much more.
What types of data would a third party want to collect?
Royalty is offering third parties the following options for data collection from our anonymous data partners.
- Financial transaction history
- Internet browsing activity
- Demographic information
- Multiple choice questions to collect feedback
- There will also be opportunities for businesses to offer rewards to suitable data partners.
How transparent will Royalty be with me before I decide who to share my data with?
We prioritize transparency and functionality. We will inform you:
- how your data is to be used by the third party,
- the time period your data will be collected,
- how much you will earn from a completed transaction,
- how much we will earn from your transaction.
How am I and my data protected?
Anonymity: You and your data are anonymized, meaning Royalty shields your identity from the third-parties that track your data.
Protection: Royalty generates passwords and private keys locally on your device for you to manage. We have zero access to your most sensitive data without your permission.
What are the other benefits to me by signing up with Royalty?
Control: Your consent is required by every third-party you decide to share your data with.
Respect: Most of the data Royalty collects is not shared. It is mainly used to match the data needs of third parties with data partners who meet the criteria.
Effortless Earnings: You just continue being you - using your cell phone, tablet, PC or laptop as usual while your data is being tracked. Then, you get paid as per your data-sharing agreement.
A Business Relationship: Our site is all business. No clutter. No ads.
How much money will I make?
This will vary. The revenue earned from each transaction will depend on the third party, the number of participants it requires, how much data it needs and the length of time it needs to track the data. You will either be paid a one-time payment or a monthly payment. This will be specified in the data-sharing agreements.