700358Mutual Data ExchangeClosedGRD Proof of MarketInnovate UKOrganisations such as Call Credit, Experian and Equifax have built multi-million pound businesses through selling and trading in personal data. These organisations make money out of individual’s data but, until recently with the rise of websites like Quidco, the individuals themselves had seen little benefit in return. Even with the rise of organisations like Quidco, the majority of individuals in the UK see no benefit from others trading in their personal data. There is an opportunity to shift the value exchange for the benefit of individuals. We’ve seen this start with websites like Quidco, but we believe there is an opportunity for a bigger, more socially inclusive idea. This value exchange can be managed by a mutual, to provide benefit for whole communities rather than for individuals. There is an opportunity and a need to create a “customer owned data mutual” to manage the value exchange individuals get for sharing for their data with third party organisations. It is our belief that a mutual business could use revenues generated from the trading of data to provide a revenue stream for individuals as well as providing cash and group buying power for community projects. The mutual would create a data exchange for this fair trading of data. This project would look at the remit for creating such a data exchange, and whether a mutual really is the right approach, and understand which partners need to be included, how the data exchange would fit into the political, economic and social landscape and what technical requirements the exchange would need to be successful