DATUM: A DECENTRALIZED PLATFORM FOR DATA MONETIZATION

The application of Blockhain technology in our economy has been on increase recently, it's security measures is topnotch, the decentralized nature gives everybody a level playing ground, it's transparent and effective in processing data leave much to be desired.

I encourage everyone if my audience to get acquainted with Blockhain technology and it's complexities because is a next generation technology, it's ability to allow robotics and artificial intelligence machine is such that humans in a very short time is going to relieved of their job and replace them with better speed and accuracy machines.

Data theft is the biggest unresolved issue in our ecosystem today, individuals that use various internet gadgets are the most vulnerable as their data is stored by private organization in a large data silos where it can be stolen or tempered on daily basis without their consent by big IT companies either to sell them to government agencies that will use such information to track individuals internet activities, they sell this data at a very high amount of money sometimes they will use it for their own benefit.

Internet users are increasing exponentially in this century, creating about 2.5 Quintillion bytes of data everyday through browsing internet, interacting on social, uploading personal files and shopping online. some individuals don't have any security measures to prevent external party from accessing their data on the internet, some that implement some security measures occasionally experience some hacks due the insecure nature of the current data storage tools. This challenges in the digital ecosystem is the reason datum was created, datum proposes a network run on a smart contract Blockhain that allows all internet users to have full control of their data including data from the IoT devices that they control. Datum network understands the importance of secure storage of human data and how to monetize their data by creating a platform that allows individuals to sell their data to organisations at their own purview. Datum

WHAT IS DATUM NETWORK?

Datum network is an ecosystem that provides entities such as companies, researchers or individuals the most efficient and frictionless access to data while respecting data owners rights by becoming dominant data marketplace, datum aims to revolutionise the current flawed data market where data creator's (individuals) are not paid or rewarded for their data by consumers.

FEATURES OF DATUM NETWORK

Datum is a fast decentralized data store that enables users to store structured data like images, files, pictures securely, running on a smart contract.

Dat token will enable easy data sharing ecosystem

Datum network will serve as Market place where individuals will sell and also monetize their data on their own terms

Datum leverages BigchainDB and PFS to provide infinitely scalable decentralized data storage backend.

Data storage and data sharing is paid using DAT TOKEN for fast transaction and low transaction cost.

We live in a world that is very competitive and digitalised where data is very important asset that helps companies to acquire and remain at the epoch of their game, the value of a raw data is generated varies from hundreds cents to over hundreds of dollars individually and big IT companies are enriched through those data's by analysing and using it for certain purposes.

One thing those IT companies won't tell internet users is that they make huge profits without sharing on any data you upload on the net, however datum is here to turn the table, this is the chance to gain back control of your personal data and determine if want to sell or share it.

Datum offers a platform where individuals can sell their data to whomever best their price in exchange for DAT TOKEN which can be traded on exchanges to your desired currency.

HOW DATUM PLATFORM WORKS

Users submit submit some of their data to datum network using the clients software, clients only pay for gas, the data is encrypted only the user can decrypt the data for selling

A storage node receives the data and stores the data store and replicate the data to many storage nodes

Data consumer declares interest to buy your data

Users receives data purchase request and price

User accepts the offee, user receives data token then send the data description key to the data consumer who pays DAT TOKEN.

DAT TOKEN

DAT TOKEN is ultility token that can be exchanged for assets on the datum network such as participation in the data marketplace and registration as the storage node. DAT TOKENS are burned when exchanged for assets on the datum network as the supply of token is fixed at issuance, the resultants effect of this activities will reduce the supply of the token over time. Role of Token Enable trade of data between data owners and buyers

DAT TOKEN INFORMATION

Symbol DAT

Supply 3,000,000,000

For Sale 1,530,000,000

Emission Rate No new tokens will be created

Price 25’000 DAT per 1 ETH

Sale Period 29/10/2017 13:00 UTC to 29/11/2017 13:00 UTC

Accepted Currencies ETH

Token distribution 4th December to 11th December 2017

Minimum goal 5000 ETH (raised on 8th September 2017)

Maximum goal 61200 ETH

Datum network already concluded its ICO and DAT token is already trading on many exchanges, in this manner I encourage everyone to support and participate actively in this project to achieve its goals for a better data sharing and selling economy

MORE INFORMATIONS ON THE LINKS BELOW:

WEBSITE: https://www.datum.org/

WHITEPAPER: https://datum.org/assets/Datum-WhitePaper.pdf

TELEGRAM: https://t.me/datumnetwork/

DATUM APP: https://app.datum.org/

DATUM TEAM
Datum team has over 100years experience on data processing and management

AUTHORS DETAILS

authors bounty0x username: obodoemma48

This article was created in exchange for a potential token reward through Bounty0x.