Swash enables developers, internet users, and businesses to encourage data ownership and value creation. The platform intends to do so through innovative data monetization mechanisms, rewarding streams, and a collaborative development system governed by the ethos of Web3. In the context of Ethereum, Web3 refers to decentralized apps (DApp) running on the blockchain. The platform is powered by features like data union, Swash applications (sApps), sCompute, and sIntelligence.
Swash believes people lack ownership over the data and don’t receive any value from it. Also, the platform comprehends businesses paying for expensive, low-quality data lacking consent. Moreover, Swash also realizes developers struggle to access high-quality data. According to the whitepaper, the platform seeks to work on the aforementioned problems by redefining how data is collected and valued through the native decentralized data ecosystem. The platform also seeks to work in balancing the power dynamic between online platforms and the people being served.
Powering the Swash universe is the native token Swash (SWASH). The Swash token is a unit of exchange for trading Swash data or services. The token is used for transactions in marketplaces and to purchase data via the sIntelligence platform. Also, SWASH is used to reward sApp members for their efforts. Additionally, the platform rewards ecosystem actors with native Swash tokens in return for participation. The token holders can vote for projects, decide on new roadmap developments, and participate in token-related decisions.
SWASH is intended to be integrated with the platform’s partners and the native currencies. Overall, SWASH has multiple uses as both utility and governance tokens within the ecosystem.
History of Swash (SWASH)
The whitepaper of the token was released in July 2021. The team of Swash includes professionals like Reza Naeeni, Gilbert Hill, Chloe Diamond, and Ebrahim Khalilzadeh.
Naeeni is core contributor - team lead, and Surpateanu is CSO at DIA Association.
Hill is a privacy technologist and senior tutor at the Institute of Data & Marketing.
Diamond serves as a core contributor – marketing.
Khalilzadeh is core contributor – technology.
