Truflation teams up with Scannit to revolutionize data transparency and economic insights

As data continues to shape decisions across various industries, the need for transparency and ethical sourcing has become increasingly critical. To address this, Truflation, known for delivering real-time economic insights, has teamed up with Scannit, a leader in user-controlled data monetization, to push data transparency to new heights.

This partnership marks Truflation’s second major collaboration in October. Earlier this month, Truflation joined forces with Sphinx, a derivatives trading platform, to transform the use of perpetuals in real-world assets (RWAs).

By integrating Scannit’s user-consented, ethically sourced data, Truflation aims to give users control over their information while enhancing the accuracy of its economic insights. With a platform that tracks over 20 million items through 80+ data partnerships, this collaboration is set to democratize access to financial data, allowing users to both benefit from and contribute to better, more precise decision-making across industries.

Scannit’s data will feed into Truflation’s platform, creating richer datasets that businesses, researchers, and analysts can tap into. The outcome? A clearer, more transparent view of economic trends, benefiting individuals and organizations worldwide.

By leveraging Scannit’s innovative approach, Truflation continues its mission of decentralizing data by bringing it on-chain. This will not only make critical financial information more accessible in real time but also ensure that users play a key role in shaping the economic insights that fuel smarter decisions across the board.

The partnership is part of a larger vision to build a thriving data ecosystem. The Truf Network now boasts over 782 data feeds, spanning assets from US wheat to oil and lithium. As this ecosystem grows, so does its potential to make economic data a valuable, tradable asset that powers sharper decision-making in finance. Whether you’re a trader, investor, or institution, the Truf Network provides verified, up-to-the-minute economic data streams.

Both companies share a mission: reshaping how data is valued and shared. This partnership reflects a commitment to creating a transparent, fair data ecosystem where users are empowered to control their information while benefiting from it.

“We’re excited to join forces with Truflation on this journey to redefine how data is collected, shared, and used,” said Karl Nowak, CEO of Scannit. “Our shared focus on transparency and user empowerment will open new doors for our users and partners.”

“This partnership highlights our belief that data should be accessible, verifiable, and beneficial to everyone involved,” added Stefan Rust, CEO of Truflation.

Truflation remains focused on real-time, decentralized financial data. Its platform tracks over 20 million items across various sectors, with the goal of making critical financial information more accessible through blockchain technology. By bringing data on-chain, Truflation provides users with timely insights, helping them make more informed decisions quickly.

Meanwhile, Scannit continues its focus on giving individuals greater control over their personal data. By allowing users to manage and monetize their own information, the platform offers businesses a way to access user-provided data while maintaining ethical standards of privacy and consent. This approach aims to balance data ownership with business needs, creating mutual value for both parties.