MAKING DATA SHARING ECONOMY EQUALITY ORIENTED WITH DATUM NETWORK
The world of today is indeed a world of data mostly because data are grossly created by humans every microseconds each day, it is said that the world's data pool amounts to over 2.5quintillion byte & it's growth over time is four to five times more than the growth of the international economy. With this developments every sane mind ought to see the need to profer better & much more efficient ways of handling the enormous cluster of information; it may we surprise you to know that online services like WhatsApp, Instagram, Facebook, Twitter & hugely banking on conciously & unconsciously given data of users during their online shopping, browsing & social network. Recall that goggle, Instagram, Twitter, Facebook usually are required to sign up before access and most times this sign up process gives them an unfettered access to your data, store it in their silos & later sell it (without your consent) to advertiser.
Datum has a full grap of this problems and is out to solve them all, it wishes to give data creators full right and control of their data ( information) datum is changing the statusque through the creation of a network that can seamlessly run on a smart contract so as to allow the easy storage of user data devoid of exploitation, prying, encryption,encryption. Datum is a blockchain enabled decentralized data store that gives an ecosystem ( platform) for it's users to store structural data (information) the datum token within the platform would facilitate ease of data storage & sharing, it creates an effective data marketplace that allow datum users to accurately monetize their data based on their terms. The datum network relies solely on IPFS & BigchainsDB to profer not just solutions but also provide a fully decentralized & highly scalable data ( information) storage. Datum portends a new era is of opportunities for big conglomerates, enterprises, individuals, researchers who genuinely want accurate data in exchange for accurate price based on the data owners terms & conditions, the idea of datum is simply all about giving power to the data creators.
ABOUT DATUM
Datum is a blockchain enabled platform that can effectively allow it's users to adequately control the generation and exchange of their data, it provides an efficient market systems or place for data exchange, it recognizes the fact that data is the new oil & will in fact ensure that creators of this data are in full control; the datum platform comprises of
(1) Users: this are people who willingly & will fully provide their data through internet of things (IoT) device etc.
(2) Data consumers: this are units or entities with a dare need of stored data, they usually provide datum token in exchange for user data provided they ve agreed to the data creators terms & conditions
(3) storage nodes: this are sole facilitators of storage capacity & Power, it leverages on BigchainsDB cluster that allows it to keep ( store) large amount of data
(4) DAT token holders: they act as watch point as well as governing points for datum platform network, they facilitate datum ability to carry out transaction processes by ensuring that it mark with usage terms for every data provided by creators in the platform, the dat token usage terms are controlled by DAT token smart contracts . contracts.
(5) the datum platform would eschew a high level of privacy using the shared with everyone, shared with specific, shared with consumer for a minimal charge.
Datum blockchain enabled data management concept is all about data, decentralization, encryption & equality, it even provides a Know your customer policy that is unparalleled in quality & service; the total amount of dat token issued is pecked at 3000,000,000 price for token will be at 1ETH=10,000 DAT tokens with about 51% of all minted dat tokens to be offered to public, about 29% will be held within the datum network as a reserve to facilitate data driven businesses, research, economic growth & initiatives.
CONCLUSION
Datum provides a blockchain based platform that strives to take all user created information (data) . Datum has indeed propelled a firm grip on user, creator data problems and has so far operated more avenues for wealth & opportunities, even though this might be difficult to attain with a big data predator services like goggle, Facebook, Twitter etc as well as government policies , their is still much hope for datum full actualization because datum posseses the full might for the mitigating of data issues of the past, present & the future.
To learn more about Datum, check the links below:
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Blog: https://blog.datum.org/
Twitter: https://twitter.com/datumnetwork
Telegram: https://t.me/datumnetwork
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