The present invention discloses a method or a system for verifying, storing and tokenizing data in cryptocurrency mining process by exchanging user data anonymously. The method comprises various steps like creating one or more smart contracts between a user and an application or platform or software, inputting by the user on a user device, user information onto the application or the platform or the software through an user interface, providing by the application or the platform or the software an option to store the inputted user information on to a server or database, confirming or verifying the storing of the user information onto the server or database, generating one or more digital tokens by the application or the platform or the software in response to the stored user information at the server or database, assigning by the application or the platform or the software, a blockchain network based wallet address to the user device and transferring by the application or the platform or the software, the generated tokens to the wallet address of the user.