Datum – Global Data Exchange

 Datum is a blockchain-based data management company that aims to help us control our personal data. Here’s our Datum review. 

What Is Datum?

Datum, found online at Datum.network, is a  blockchain-based marketplace and data management system that aims to  turn data into a secure, tradeable commodity. As the Datum website explains, “data is the new oil”. Datum has created an exchange for that commodity powered by Ethereum, BigchainDB, and IPFS.  

How Does Datum Work?

Datum works by providing a decentralized and distributed high  performance NOSQL database based on a blockchain ledger. The technology  will allow anyone to backup structured data (say, social network data or  data collected from wearable devices) in a secure, private, and  anonymous way. Then, Datum provides a marketplace where users can share  or sell data on their own terms. 

Today, personal data management is a bit of a mess. We use social  networks for “free” by selling them our data. They sell this data to  advertisers, and the social networks earn an enormous amount of money.  We have little control or knowledge over where our data ends up, or how  it’s being used. Datum aims to use the blockchain  to put us back in control of our data. You can choose to sell your data  to trusted organizations – or, you can choose to hold onto your data  long-term.  

Datum Features 

Decentralized Data Storage:

Datum provides secure, private, and anonymous storage of structured data. 

Storage Nodes:

Miners running storage nodes are paid for storing and providing low latency access to data. 

Marketplace:

Datum’s marketplace allows users to share their data selectively or sell their data to trusted entities. 

DAT Tokens:

The Datum ecosystem revolves around DAT tokens. data owners pay small  amounts of tokens to store their data. Storage miners earn DAT tokens  to store and transmit data. And buyers can purchase DAT tokens to buy  user data. 

Mobile App:

Datum will have a mobile app that promises to be simple to use. All  data in the app will be encrypted before it’s sent to the network. Data  is cleaned from personally-identifying information and patterns. And app  users enjoy fast backups and data retrievals through locally close  storage nodes. As an example of how the app works, Datum shows an image of the front  page of the app, featuring icons for Facebook, Twitter, Healthkit, and  Nest Thermostat. You can view your “earnings” from sharing data through  each platform. You can also enable or disable data sharing with a simple  toggle. 

How To Use Datum

Here’s the basic step by step process a user will use to interact with Datum: Step 1) User submits data: Data is encrypted with specific usage terms attached. Step 2) Storage node miners save data, and storage nodes earn DAT tokens in exchange for providing that storage space. Step 3) Buyers acquire data under terms. The buyer will purchase DAT  tokens. Then, a smart contract will initiate off-chain key exchange to  release data. DAT tokens are transferred to the owner of the data, and  the buyer uses that data according to the terms. 

Who’s Behind Datum?

The concept for Datum began in September 2016, with the whitepaper  and concept validation launching in June 2017. The pre-sale is taking  place throughout August, and the token sale is taking place between  September and October 2017. The company is led by CEO and Co-Founder Roger Haenni, who also  co-founded StockX, SwissInvest, PCP.ch, and Kosi. Other key members of  the team include Gebhard Scherrer (Operations, Co-Founder), and VC Tran  (Marketing, Co-Founder). Altogether, the team has over 80 years of experience building large  scale data processing and management systems. The company is based in  Switzerland, Singapore, and Hong Kong.

Datum Conclusion

  The company aims to change the way we manage and  control our data. It puts users back in control of their data, letting  users choose which data they wish to share, and with which parties.  Users can profit off selling their wearable fitness tracker data, for  example, while preventing companies from viewing their social media  information on Facebook. Datum has the potential to change the way we manage personal data.  

Find out more about the company today by visiting  

 Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=2049312.0  

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

Bounty0x Name -  arturbonson