Open data cooperative is an entity that acts as a custodian of the collective user generated dataset.

In this context, it is an independent entity representing users that can act as a custodian of the collective dataset, with the mandate to ensure that user data is collected and used in accordance with user consent and privacy preferences. This entity could work with any company to establish data sharing agreements that are transparent and fair to both parties, with the goal of maximizing the value of user data while protecting user privacy.

There are several potential benefits to this approach:

• First, it could provide users with more control and agency over their own data, which is becoming increasingly important as data plays a larger role in our daily lives.
• Second, it could help to establish trust and legitimacy for companies that collect and use user data, which is critical to their long-term success.
• Third, it would ease the time and resources burden that a individuals may need to invest in order to protect their rights.
• Finally, it could create new opportunities for innovation and collaboration, as user data is made more widely available for research and development purposes.

Potential challenges to this approach include the need for strong data protection laws and regulations, as well as the need for effective governance structures to ensure that the independent entity representing users is acting in the best interests of all stakeholders. However, with careful planning and execution, this approach could help to balance the competing interests of users and companies, and create a more sustainable and equitable data ecosystem.