Microsoft beta project reportedly would allow users to monetize online data: 3 notes

Microsoft is quietly working on a research project that would give people control over their online data, according to Business Insider.

Three notes:

1. The private beta project, codenamed "Bali," was spotted by a Twitter user Jan. 9. Based on this tip, reporters from ZDNet and PC Magazine found what looked to be the project's website. However, when Business Insider tried to follow the link, the website failed to load.

2. Before being removed, the website reportedly described Bali as a "new personal data bank which puts users in control of all data collected about them," and would allow users to visualize, manage, control, share and monetize "all data (raw and inferred) generated by them" online.

3. People are becoming increasingly concerned about privacy online, particularly as social networks like Facebook and Google+ have released details about recently discovered data breaches. The Bali project hints at one solution, according to Business Insider.

Microsoft did not immediately respond to Business Insider's request for comment.

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