Data, The Machine Economy & A New Economic Construct

The Lifeblood

Economies are the lifeblood of any country, region, or jurisdiction. A strong economy is often evident in its wage market, GDP, and high-value real estate market. If an economy is thriving, it can be seen in multiple areas. There is simply no denying it. Economies are interdependent and feed off one another, not parasitically, but in a mutually beneficial and profitable arrangement.

In May of 2024, I published an article addressing data and intelligence as a new form of currency. The following is an excerpt from the article:

Data has been a valuable “commodity” for many years, even decades. However, it’s been of value for a select few, only enriching those in a position to leverage its previously untapped value. Fast forward to today, and blockchain-based models are leveraging the value of data and Intelligence. Information has value, and depending on the level and type of information, it can be incredibly viable to those who possess it.

The decentralization of data and data storage is fast becoming a strong narrative and finds its expression in the world of DePIN and the Machine Economy. The Machine Economy has also been a hot topic in my articles lately, especially since it revolutionizes passive income within the Crypto space. The arrival of Peaq, a blockchain…