Your personal data will be auctioned in the market, this company named Caden has increased the headache of the users.

‘Data’ is not a word, but the biggest and deadliest weapon of the digital world. The person doesn’t even know and his data disappears. Recently, personal data of 40 crore people including Salman Khan, NASA was stolen from Twitter. There was a lot of criticism of Twitter regarding this matter. Now the matter is reversed. From the front companies are going to start paying a price for your personal data. Simply put, you will be given a fixed amount for using your personal data. After that the information related to you can be used anywhere by that company.

What is this matter?

Tech company Caden Inc may soon offer users thousands of dollars a year with less payment for more limited information as part of an alternative to its data-sharing system. One startup, Caden Inc., runs an app by the same name, which is preparing to download users’ personal data and sell it to related companies. According to a report, she is currently considering pursuing business with companies like Amazon and AirBnB. These companies will use this data to show advertisements on your mobile. So far this is the information. In the future, if she takes advantage of this wrongly, then we will update you about that too.

The company has started testing

Caden is currently doing a test with a few users. It is also planning to do public beta testing of 10,000 users early next year. The company last month raised $6 million in funding, led by seed-stage venture-capital firm Streamlined Ventures and through the firm AME Cloud Ventures, including Yahoo co-founder Jerry Yang, among others.

Deal can be done at 5-20 dollars

According to John Roa, founder and CEO of Caden, initially the data will be shared with the respective companies in amounts ranging from $5 to $20. After that a report will be prepared, so that it can be known that what is affecting the users.