HP Wants to Build a Personal Data Stock Exchange

Looking to make a cut of the billions of dollars in annual revenue Internet companies make by selling personal data, Hewlett-Packard wants to patent its idea for an open data market. 

HP Wants to Build a Personal Data Stock Exchange

What's the Latest Development?


HP Labs, the research arm of Hewlett-Packard, is seeking to patent its model for a personal data stock exchange. In the model, Internet users would set prices on bundles of personal information, from age to weight to drink preferences, seeking to attract buyers from the open market. Those buyers would most likely be businesses, such as pharmaceutical companies, looking to use personal and demographic information to advance a particular product or vein of research. "A trusted market operator could take a small cut of each transaction and help arrive at a realistic price for a sale." 

What's the Big Idea?

With Internet companies making billions of dollars each year by selling your personal information, new business models that promise more user control are gaining momentum. "Startups like Personal and Singly are working on these challenges already. The World Economic Forum recently called an individual's data an emerging 'asset class'." Ultimately, "giving people control on a trustworthy market could encourage more and new kinds of data to be shared. ... For example, a person might feel comfortable putting an anonymous health record on the market after visiting a hospital, or sharing automobile GPS locations to help cities decide where to build new roads."

Photo credit: Shutterstock.com

Live on Thursday: Learn innovation with 3-star Michelin chef Dominique Crenn

Dominique Crenn, the only female chef in America with three Michelin stars, joins Big Think Live this Thursday at 1pm ET.

Big Think LIVE

Add event to your calendar

AppleGoogleOffice 365OutlookOutlook.comYahoo


Keep reading Show less

Physicists solve a 140-year-old mystery

Scientists discover the inner workings of an effect that will lead to a new generation of devices.

Carrier-resolved photo-Hall effect.

Credit: IBM
Surprising Science
  • Researchers discover a method of extracting previously unavailable information from superconductors.
  • The study builds on a 19th-century discovery by physicist Edward Hall.
  • The research promises to lead to a new generation of semiconductor materials and devices.
Keep reading Show less

Does forgetting a name or word mean that I have dementia?

The number of people with dementia is expected to triple by 2060.

Photo by Connor Wang on Unsplash
Mind & Brain
The number of cases of dementia in the U.S. is rising as baby boomers age, raising questions for boomers themselves and also for their families, caregivers and society.
Keep reading Show less

New Hubble images add to the dark matter puzzle

The images and our best computer models don't agree.

Surprising Science
  • Scientists can detect the gravitational effects of invisible dark matter.
  • Dark matter causes visual distortions of what's behind it.
  • The greater the distortion, the greater the amount of dark matter. Maybe.
  • Keep reading Show less
    Culture & Religion

    Did our early ancestors boil their food in hot springs?

    Scientists have found evidence of hot springs near sites where ancient hominids settled, long before the control of fire.

    Scroll down to load more…
    Quantcast