We are now in the Modern era of Blockchain, where Blockchain had been used in various aspect in technology. Blockchain has being growing and will continue growing due to the fact that many people everyday are been introduced into the Blockchain system. Blockchain is now been used by many companies ranging from payment system, health care and also as a form of security and protection. Blockchain has played a vital role in data protection, Blockchain has the capability of saving data which can be digitized, protecting it in a secure storage.
Introduction to Datum?
Datum as it implies data, with Datum now in the blockchain system, people now can exchange their data with Datum utility token (DAT) in which they are able to sell for cash on various exchangers. Datum providing a market place for users in which they are able to buy data or sell data without been illegally taken away from them for free. Our Data have been utilize by many private companies without our knoallocations
hich other companies that are interested in our data pay huge sum of money to the private companies to sell our data to them, after that we become a targeted users for their products that's all the ads we see when either we surf the internet.
Currently As Datum is in the blockchain technology system, users that are interested to sell their data are at liberty to do so and users interested in buying data can buy from the seller through a secure transaction in the Datum Ecosystem.
Datum was launch in the third quarter of the year 2017 and now it has grown with 90+ thousand users all over the countries and it's continuing growing day by day as more people are getting interest in the Datum Ecosystem.
Datum primary aim is to stop the way in which data are been exploited thereby providing people with full right and control over there data. Datum users can either store their data on the Datum secure platform, sell it or destroy it. Datum stores data which are encrypted using AES256-GCM with 256-bit key size for every 128-bit block, ensuring data integrity. Therefore, no data will be lost in the Datum blockchain.
Data are processed and stored on the blockchain when a user of the Datum network input his/her data in which a small fee is paid to store the data, this data is been processed by the storage node miners in an encrypted form ready for saving in which the Datum users is rewarded with the Datum Token (DAT) for storing data, Data which has been encrypted by the storage node miners is can either be sell to data consumers in the data network under the datum terms and conditions. The main unique features about datum is that the data can either be owned by an individual or a company in which it can be both public and private including the Time stamp and Metadata.
The Datum Exchange enable the users to be able to sell their encrypted data to the data consumers, such transaction is carried out with both transparency and security, users of the Datum Network are at liberty to either sell their data or share with other for free or a minimal fee and also the Datum users will be able to trace who accessed their data at any moment of the day. In the Datum marketplace uses will be able to bid for data, request data and also sell data. Data consumers on the Datum network can choose to disclose the Data lifetime, identity of the data, use of data, the general privacy policy of the data as well as Datum Trust Rating.
Also Datum Users can linked their data to their verified identity, supported service such as uPort or Civic, also users can enrich their data with social media with other profiles and also third party validators.
DAT token details
DAT token is a utility token of Datum. DAT token is used for transactions within the Datum ecosystem. The Datum's DAT token is given as a reward for users that input their data within the Datum platform. Datum token serves as a fuel for facilitating all transactions that occurred within the Datum ecosystem. This helps to develop and secure the Datum platform. The DAT token details is elaborated below;
Symbol: DAT
Total supply: 2,653,841,598.
Circulating supply: 905,410,542
Market cap: $ 7,290,477 USD
All information above was gotten from Coinmarketcap.com
Datum token allocations
Datum team
Datum Partners
Website: datum.org
Twitter: https://twitter.com/datumnetwordatumnetwork
Facebook: https://www.facebook.com/datumnetwork
Reddit:
https://www.reddit.com/r/icocrypto/comments/6q0iki/datum_the_personal_data_marketplace_disrupting/
Telegram: https://t.me/datumnetwork
Medium: https://blog.datum.network/
Bounty0X username: Abusadeeq6