What is Dataeum?
Dataeum is a data generation platform which uses crowdsourcing in order to gather accurate and precise global data. Data collectors will use an app, created by Dataeum, with integrated ‘artificial intelligence and augmented reality technologies’ to accelerate the overall procedure, being rewarded for their input on the platform receiving Dataeums token, XDT. This method of data collection will Dataeum (XDT) ICOrevolutionize the current data market, whereby, large corporations such as Facebook collect users data and monetize on it, leaving the user with nothing. Dataeums mission for the data industry to be ‘decentralized, disintermediated, and incentivized.’
Aspects
Crowdsourcing: Dataeum and its data collectors will use a mobile application to collect any global data. Data can be anything from a restaurant or traffic sign, with further details such as location, opening hours and contact details implemented into it. This data can then be used by a vast market such as map applications and services, corporations needing to complete their mailing lists or advertising campaign. Even the government may need data for ‘statistical census’ of future plans to increase the overall standard of living.
Physical data decentralization: Dataeum wants to ensure transparency and reliability of data collected. In order to do so, Dataeum, have created a validation process to ensure, ‘integrity and verification’ of data when its available on the decentralized marketplace. This validation process includes ‘Proof-of-Existing data, Proof-of-Constant data, and Proof of Trust.’ Proof-of-Existing data compares data collected from two or more collectors determining whether they match. If data collected matches, then data is considered valid, both/multiple collectors will be rewarded for their input. Proof-of-Constant data is a tool for accurate and up to date data. Dataeum wants the data to be updated regularly so will reward collectors on their frequency of updated data. Proof-of-Trust depends on the data collectors update rate and verified data. The collector will receive a ‘quality score’ which can enable a trust level. A low-quality score will mean less trust, more time to receive rewards and fewer incentives, this works vice versa for a high-quality score.
How does it work?
- The crowdsourcing community (collectors) initiate the process of generating real world data;
- Other collectors verify the data;
- If the data match, collectors get remuneration in tokens (70% for initial generation of data and 30% for verification);
- Validated data becomes available on the decentralized marketplace;
- All players searching for real world data, including maps, private companies, urban development companies and local authorities can rent the data from the marketplace.
The use of blockchain and Smart Contracts technology guarantees the quality of the data and the remuneration of its collectors, as well as protects against the risks of hacking, that have become a common issue today.
Thus, allowing data acquirers to get reliable and accurate data on one hand, and data collectors to be remunerated for its generation on the other hand, Dataeum has all chances to be at the origin of real data revolution.
What Issue Does it Solve?
Dataeum will constantly improve and innovate its application once further data is constantly collected which is only under a matter of time. Dataeum has the vision of collecting ‘ all elements of urban landscape’ to ‘optimize journeys’ even ‘identifying all pavements’ on the journey, therefore, Dataeum can ‘identify visual failures’ in ‘public space’ such as potholes on roads so that ‘local institutions’ can fix the problem. This type of vision can provide better welfare overall as that one pothole could have cost the public much more if it popped numerous tires.
Dataeum can also help the general public as they have the possibility of being data collectors as Dataeum rewards you for your service. Unlike the current data market where corporations sell users information for its own gain, an estimated $3.1 trillion dollars is spent annually on bad data, imagine a world where this money is spread across users globally, especially for the data collectors who present data to the blockchain.
Main features
- Any individual (crowdsourcing) will now be able to collect a high quantity of data through a mobile application and get rewarded in tokens.
- Data will be used by any company, government or individual that is seeking databases.
- An ultra-scalable and highly reliable platform that will secure the relationship between both data collectors and acquirers.
- Legacy mobile app with proven scalability and profitability (Barcelona, London and Paris).
- Blockchain will guarantee the transparency of the data generation process, its collection and accuracy.
- Dataeum Token will be the fuel of the exchanges, from collectors to data acquirers.
Novelties
- This innovative method and solution will make it possible to gather 100% of the real world’s data with 100% accuracy (quality data).
- Data will be accessible for use within a decentralized marketplace, according to the different needs of each market player.
- Gives control to the individuals who create data, suppressing the middlemen.
The team
- Charly Pham – CEO & co-founder.
- Billy Pham – COO & co-founder.
- Michael Trajkovic – CPO & CMO.
Competitors
Right now there is no direct competitor to this project. There are projects based on blockchain working to improve copyright (Copytrack), data quality (SkyTao) and others that protect data privacy or data rights, but none with the Dataeum approach.
For more information, please visit:
- Website: https://dataeum.io/
- Whitepaper: https://dataeum.io/one-pager.pdf
- Facebook: https://web.facebook.com/dataeum/?_rdc=1&_rdr
- Twitter: https://twitter.com/dataeum
- Telegram: https://t.me/CrypticsAI
- Medium: https://medium.com/dataeum
- BountyHive: bountyhive.io/r/hawrepius
Author
- indopool
- Link profile