Our strategic partnerships always aim to expand our data economy and community. At Nuklai, we continuously pursue collaborations that will help us unify the current fragmented data landscape, as shown by our recent Nuant and Big Data Protocol partnerships.
MyStandard allows users to monetize their recruitment data using web3 technology. Their app accomplishes this by giving users data ownership, generating a decentralized identity and storing data on-chain.
Like Nuklai, MyStandard gives its community access to compliant and mutually beneficial ways of sharing certain parts of their user data and being rewarded when it is used.
They are a decentralized data economy that links companies to user recruitment data, incentivizing successful interactions and speeding up the hiring process.
MyStandard is also a well-established player with significant industry backing. They raised a seed round from Winklevoss Capital and Gaingels and a $1,273,000 pre-seed round from MoonBoots Capital and Ava Labs. They are building their products with Fortune 500 companies and are looking to bring their technology into everyday, non web3 users and corporations daily lives.
Read on to find out how MyStandard will benefit from unlocking new potential in its on-chain data by being integrated into Nuklai’s data ecosystem, while offering new monetization opportunities and ensuring privacy for its users.
MyStandard is Shaping Talent Acquisition Data with Web3 Technology
MyStandard’s decentralized platform links potential employers to job seeker data. However, it is distinct from other employment apps that gather job seekers' private data, often without their consent.
Its talent acquisition and employment processes help its users manage and protect their data. Its web3 technology is a game changer in an age where businesses pursue personal data relentlessly.
According to MyStandard, talent acquisition companies make over $100 billion in revenue from job seeker data. On top of that, many apps have complex terms-of-service agreements that conceal the future storage, re-use, or re-sale of user information.
These entities collect generic bio data like education, date of birth, employment history, and personal interest statistics. Then, they repackage and retail it as risk mitigation, advertising, or marketing data. MyStandard's web3 technology reverses this process and gives users power over their data.
On top of that, their decentralized, permissionless networks protect organizations from risk associated with private data management, storage and hide recruiters from data that can bring bias into the recruiting process.
Nuklai’s Technology Will Unlock New Potential in MyStandard’s Data Ecosystem
This mutually beneficial partnership supports MyStandard in generating trustless enterprise data networks atop its layer 1 blockchain.
MyStandard's data is valuable and now can potentially be combined with other data within the Nuklai platform. Nuklai has a network of curators that fulfill this task by deeply enriching the metadata of data. This unlocks anonymous passive income for MyStandad’s users.
Curators are active participants in the network who get fairly rewarded for their efforts. Rich metadata will give LLMs more context about MyStandard data. The metadata, in turn, improves LLMs and AIs in their training, enhancing innovation.
Then, Nuklai has a robust validator and compute nodes network to ensure that data owners receive their dues transparently and fairly. Nuklai allows data to be exchanged securely, allowing the owners to keep full control over the data and making sure that they stay regulatory compliant.
Nuklai and MyStandard, working together, will unlock new opportunities in the world of smart recruitment data that have never been made available in the past. Combined with new ways to create revenue out of data and preserve privacy, we’ll set a new standard for how recruitment data can be utilized.
This collaboration is set to enrich Nuklai’s ecosystem with new smart data sources while opening up MyStandard for enhanced talent data monetization and new insights for innovation.
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About MyStandard
MyStandard is a network building a transparent data marketplace using blockchain and cloud technology. Its data monetization and permissioning processes run atop the Avalanche blockchain.
MyStandard web3 technology mobile app will give its users control of their data, storing it in decentralized databases. This app only shares user profile data with approved organizations upon a data request acceptance. Through it, users exchange data for MYST tokens.
MyStandard is launching products, their native token and announcing corporate clients in the coming months. Follow along on X and LinkedIn.
About Nuklai
Nuklai is a collaborative data marketplace and infrastructure provider for data ecosystems. It combines the power of community-driven data analysis with the datasets of successful modern businesses. The marketplace allows grassroots data enthusiasts and institutional partners to find new ways to use untapped data and generate new revenue streams.
Our vision is to unify the fragmented data landscape. We fulfill this mandate by providing a user-friendly, streamlined, and inclusive approach to sharing, requesting, and evaluating data for key insights.
We also provide better processes and new business opportunities, empowering next-generation large language models and AI.
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