User Profile Exchange System for Sensor Data Monetization
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Solution Overview
Problem
Users who provide sensor data do not have control over how their data is used or the value it generates, and they often do not benefit financially from its use by companies that collect and analyze this data.
Innovation Solution
A method and system that empower users to control their sensor data, allowing them to construct and manage user profiles based on this data, and receive compensation by sharing or exchanging these profiles, while maintaining control over privacy settings and data usage.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If companies collect and analyze sensor data to generate value, then the value of sensor data increases, but users do not benefit financially from this value
Solution Approach 1:
The patent introduces a data marketplace and profile management system as an intermediary between users and data consumers. This intermediary enables users to retain ownership of their sensor data while allowing companies to access and analyze the data through controlled exchanges, ensuring users receive compensation for the value generated from their data.
Solution Approach 2:
The system implements feedback mechanisms where users receive information about how their data is being used and what value it generates. Through profile exchanges and data marketplaces, users can see the impact of their data contributions and adjust their sharing preferences accordingly, creating a closed-loop system that benefits users financially.
2Productivity
If users share sensor data with companies, then companies can make profits, but users lose control over their data usage
Solution Approach 1:
The patent implements dynamic, adjustable privacy settings and data sharing preferences that allow users to change their control parameters at any time. Users can selectively share different types of data with different companies based on their current preferences, and these preferences can be modified dynamically without being locked into fixed agreements.
Solution Approach 2:
A profile management system acts as an intermediary that gives users centralized control over their data. This intermediary enables users to manage all their data sharing preferences in one place, revoke permissions when desired, and maintain oversight of how their data is used while still allowing companies to profit from authorized data access.
3Ease of operation
If users maintain strict privacy control over sensor data, then user privacy is protected, but users cannot monetize their data
Solution Approach 1:
The patent segments user data into different profiles and categories that can be independently controlled and shared. Instead of treating all sensor data as a single block, users can divide their data into different profiles with different sharing permissions, allowing them to monetize specific data types while maintaining privacy control over others.
Solution Approach 2:
The profile management system serves as an intermediary that enables monetization while preserving privacy control. It facilitates controlled data exchanges where users can receive compensation for sharing specific data profiles with companies, while the intermediary ensures that users maintain ultimate control over what is shared and with whom.
4Productivity
If companies directly use sensor data without user involvement, then data processing efficiency increases, but users have no view or benefit from data usage
Solution Approach 1:
The patent implements feedback mechanisms that provide users with visibility into how their data is being used. Through the profile management system and data marketplace interface, users can see which companies are accessing their data, what profiles are being exchanged, and what value is generated, creating transparency without significantly impacting processing efficiency.
Solution Approach 2:
Users perform preliminary actions by setting up their data profiles and sharing preferences in advance. This preliminary configuration allows companies to efficiently process and access authorized data without real-time user intervention, while users retain the ability to review and modify their preferences whenever they wish.
Data Source
AI summary
A profile of a user may be constructed having at least one profile entry. A device having an integrated sensor assembly including at least one sensor may be associated with the user and operated according to a sensor configuration. Sensor data may be processed to extract a feature. Entry data may be determined for a profile entry based on the extracted feature so that the profile entry may incorporate the determined entry data. An exchangeable profile may be derived from the constructed profile, for example by using privacy data, and compensation from a third party may be received in return for the exchangeable profile.