German Start-Up Dwinity Enables Consumers and Organizations to Store and Use Sensitive Data in Secure and Anonymized Environment

Current methods of using big data and AI are far from sufficient to publish new trustworthy AI applications – there is still a lack of high-quality data. Only a decentralized solution for data storage can help people make their most valuable data available for the common good or for use in commercial research.

Dwinity IP GmbH, a German tech start-up from Munich, is tackling this problem with a data ecosystem centered around a decentralized, secure and anonymous storage location for sensitive personal data. It is now giving first test users access to this storage location.

Users register through their wallet address as they usually do in the blockchain environment using this page. This means that access is always possible regardless of the device or authentication method. Access to this stage is primarily granted to the community, whose desire for more data protection and privacy on the Internet is in line with Dwinity’s mission. The community already numbers over 40,000 individuals WW.

The official launch of the storage product, which is 100% GDPR-compliant, is scheduled for 4Q24. The cryptocurrency DWIN, a token provided by Dwinity, is required to use the storage and to participate in the data ecosystem where users can share their data anonymously with industries such as pharma, healthcare and others. At the same time, data owners retain full control over their data. This is enabled by cooperation with leading technology providers, in particular Nillion and STORJ. Dwinity is a partner of NVIDIA’s Inception Program.

“Blockchain technology is becoming a game changer, enabling users to securely share their data and social capital from social networks or use it for personal predictive AI applications. Decentralized markets for data storage are already part of the infrastructure and resources that are important for the advancement of AI technologies. With Dwinity, we will unlock this potential for Predictive AI,” confirms Dr. Robin Basu, co-founder and COO.

Dwinity’s next round of capital comes in the form of a private token sale

The start-up conducted its seed financing under the EU’s new Markets in Crypto-Assets Regulation (MiCAR) and is one of the 1st companies to use this opportunity to access the capital market. The seed round achieved a total investment of $2.4 million. The next financing will also take the form of a private token sale. In the medium term, the plan is to list on a DEX, a trading platform for cryptocurrencies, and later a central crypto exchange (CEX/ICO) to make the DWIN token publicly tradable.

Dwinity unlocks the full potential of personal data with a secure, user-friendly offering that utilizes blockchain technology and can make future predictions using AI. By taking back control of their data, consumers can store their sensitive personal information with confidence and share their data with various industries. Founded in 2023, company’s mission is to give power back to users over their data and create a thriving data economy where information asymmetry is finally eliminated. Firm is a partner of NVIDIA Inception Program and has partnerships with providers such as Nillion, Storj, Bitbond, SKW Schwarz, Annerton and others.