Swarmbytes, Honeygain's B2B Public Data Gathering Solution & Resource Monetization, Gains Momentum

LONDON, England, May 11, 2023 (Newswire.com) - The advent of widespread internet use caused an exponential increase in the overall count of websites, in turn creating a demand for solutions focused on data gathering. Understanding that any internet user can do these activities, the application Honeygain and its business-focused project Swarmbytes were created to enable businesses to engage in large-scale public data collection.

Honeygain is a crowdsourced web intelligence network that helps businesses to engage in ad verification and price aggregation while letting the end-users receive compensation for allowing it. Honeygain users supply unused internet bandwidth to the Honeygain network while participating in a fair compensation system.

Meanwhile, an offshoot of this B2C solution, Swarmbytes, was launched, which works on a B2B basis. It allows ISPs to mobilize and monetize unused online resources.

While both solutions were created for the same purpose and use cases, they have different approaches. Instead of singular users that opt-in for the use of the Honeygain application, businesses that provide internet services are lending their additional online resources to the Swarmbytes network and receive monetary compensation. 

This B2B solution creates an additional layer of monetization, as the ISPs that are Swarmbytes users gain revenue by connecting to the internet and using the vast amount of unused internet bandwidth at their disposal.

For example, utilizing the internet bandwidth for the growing need of price comparison means that huge efforts of web scouring are required. Supplying unused online resources to Swarmbytes creates a possibility for doing that and opens up an extra revenue stream for businesses.

Swarmbytes allow ISPs to fully control their resources and opt out of the service anytime. Additionally, ISPs can adopt Swarmbytes to reuse digital resources and overcome IPv4 shortage issues.     

Honeygain and Swarmbytes ensure that supplied resources in B2C and B2B cases are used with the highest standards of ethics by applying meticulous know-your-customer (KYC) procedures for businesses and gaining explicit consent from users. 

About the company:

Honeygain is the first-ever application that allows users to generate passive online income by sharing their Internet connection. It is the world's first crowdsourced web intelligence network that provides services to global industries for price comparisons, advertisement verification, brand protection, and more.

Source: Honeygain