Truflation and Scannit partner up to create more comprehensive data sets 
Cryptocurrency Oct 18, 2024 Share
Truflation, a real-time economic data leader, has announced a strategic partnership with Scannit, a user-driven data monetization pioneer, as detailed to Finbold on Friday, October 18.
By integrating Scannit’s user-controlled data into Truflation’s analysis, the collaboration will result in more comprehensive data sets that can serve businesses, analysts, and researchers alike.
Democratizing financial information on Truflation
Truflation plans on utilizing Scannit’s user-consented data to further bolster its platform, which already tracks over 20 million items through more than 80 data providers.
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With new data on-chain, Truflation is democratizing access to vital financial information and empowering users to make more informed real-time trading decisions.
As such, the partnership is expected to create a symbiotic relationship where users benefit from their data and actively contribute to global markets.
The key element of the partnership is thus the shared vision of empowering users through data.
Both partners are committed to creating a transparent ecosystem where all individuals have greater control over their data and are rewarded for participation in the network.
Karl Nowak, Scannit’s Chief Executive Officer (CEO), defined the shared values that built the foundation of the partnership, stating:
“We are thrilled to partner with Truflation in this journey to redefine how data is collected, shared, and utilized. Our shared values of transparency and user empowerment will drive the creation of new opportunities for our users and partners.”
Stefan Rust, Truflation’s CEO, further added:
“This partnership underscores our belief that data should be accessible, verifiable, and beneficial to all parties involved.”
Truf Network growth
The new collaboration thus marks a significant milestone for Truflation’s expanding Truf Network, which now boasts over 782 data feeds covering everything from US wheat to oil and lithium.
With consistent network development efforts, Truflation seeks to turn economic data into a valuable, tradeable asset that promotes transparency.