Overview
If you’re told that your data information is highly bought by companies for their customer’s satisfaction statistics how will you feel? Surprised right? You will know the worth of your data after reading this article.
Have you willingly submitted your data to anyone or outlet in the time past? Chances are that your data has been exchange for some dollars but little did you know about this. Little wonder why huge organization like Facebook is happy to receive your survey answers. The pitiful news here was that only the third parties are the ones getting this numerous benefit of your information.
Majority of corporations do purchase this information to understand the feedback and wants of their consumers. The third party sells various consumers information to corporations and enjoy its reward all alone. According to evaluation, it was estimated that your data might go as high as $100 and above in the data market place.
Never worry, Datum is here to help you benefit from your data information.
Introduction to Datum
Datum is a decentralized platform used for storing user’s information through technologies of BigchainDB, Ethereum, and IPFS. Datum permits users to perfectly store their knowledge and sell it to interested buyers without the need for third parties. The system of information of Datum makes it easy for commercial trading of data. With it's mobile app, buyers will have the means to sell their information with ease without hindrances.
Datum will enables everyone with privilege of storing their knowledge in a decentralized means through smart contract and blockchain.
Objective of Datum
Datum want to build an ecosystem where there'll be a system such that will enable user have their data exchange for monetary benefit without compromising the level of security. To makes data trading more transparent to everyone.
Features of Datum
Transparency: The activities will be transparent and open to everyone.
Token reward: Token will be a means of reward within the project.
Mobile app: The app will enables easy navigation of the platform irrespective of the location.
Data storage: It has provision for the storage of data so that it will be readily available as at when needed.
Privacy enabled: There is high level of privacy for everyone.
Absence of third party: Lack of intermediaries between data buyers and owners will not make more profit for data owners.
How it works?
Datum user transfers their data to the central network such that the information will be encrypted and stored.
Storage of such data is provided by Nodes.
Patrons come in and buy their needed data.
This method is further explained:
Data sale can occur through the terms and condition of agreements.
Buyers will make their payment through DAT tokens
The data owner receives tokens as compensation.Benefit
- Datum will provide security and storage
- Financial rewards of information for the data owner.
- Buyers will have direct means for verification of data.
- Cost effective by removing service of third-party
- Buyers can request for data anytime.
Token information
DAT token is the utility token that can't be compromised through any means that inside or outside of Datum scheme. The project is important as a result of the network, it is built to permits input of the many varieties of data and at the same time allow user to be in full possession of their reward.
The token sales will be from 29-10-2018 through 29-11-2018. Huge amounts of 3,000,000,000 tokens to be unleashed to the general public. It'll be 1ETH=10,000. Tokens are changed for various functions.
Conclusion
Datum permits everybody to have the privilege to store their structured information in an exceedingly firmly decentralized technique through smart contract and blockchain. Information empowers data owners to understand how the acquisition of their data makes them be in financial profit.
For more information:
Website: https://datum.org/
Whitepaper: https://datum.network/assets/Datum-WhitePaper.pdf