David C Forman

US Patent:

20210342472, Nov 4, 2021

Filed:

Jan 11, 2021

Appl. No.:

17/145594

Inventors:

David Forman - Broomfield CO, US
Julie Rossallini Coker - Boulder CO, US

International Classification:

G06F 21/62
G06F 21/60
G06F 21/31

Abstract:

The present invention provides a market for empowering users to control what personal information is collected, who can access the personal information, and how it can be used, as well as to monetize their data. In one implementation, the market () includes users (), buyers (), and patrons () who interact via a market platform () and a data trust (). The users () are the individuals or entities who own or control the personal or sensitive data. The buyers () are generally companies or organizations that are willing to pay for certain data or insights. They can access data from the marketplace for a fee. Patrons () are companies or other persons or entities that sponsor data collection. The market () lists available data and pricing. It serves as a store front for buyers () and patrons (). The data trust () aggregates data from the users () and presents data insights to the buyers (). The market incentivizes users () to collect high-quality data while restoring ownership and control of personal or sensitive data to the users (). In addition, users can use their collected personal data to gain insights about themselves to more effectively pursue their goals and intentions.