This app lets consumers sell their data directly to brands | Advertising

Although it’s early days, brands such as McDonald’s, Staples and GM are paying cash and purchasing data direct from consumer, giving literal meaning toward the notion that “data is the new currency.”

Between regulation such as GDPR and scandals like those plaguing Facebook, consumers are aware more than ever of the so-called value exchange when using online services. At the same time, they’re also tuning in on how companies such as Cambridge Analytica are plundering their data without their consent.

To that end, Freckle IoT recently launched Killi, an app that makes explicit value of data by actually paying consumers with cash for sharing their data, location, or providing insight about what ads they’d like to see. Even more money is on the table if users scan the back of their driver’s license with their phones, for example.

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