Personal information economy

The personal information economy refers to a system in which individuals have control over their personal data and can leverage it for economic benefit. In this economy, personal data is treated as a valuable asset, allowing people to choose how, when, and to whom their information is shared. This model empowers individuals to monetize their data, either through direct sales or by exchanging it for goods and services. By putting data ownership back into the hands of individuals, the personal information economy aims to create a more equitable digital landscape, where users have greater transparency and control over their personal information. This shift challenges traditional data practices, emphasizing privacy and user consent as central components of the economic model.