In today's society we allow most companies free reign over our information and data. They can collect it and we ultimately can't do anything about it. Data and information has value and Datum aims to securely and privately store that information in order to share or trade our data.
Clients will have the capacity to utilize the easy to utilize Datum application which enables them to choose what information they wish to offer available to be purchased.
Capacity: The new stage will require a ton of capacity, clients will have the choice of offering stockpiling to the stage.
Purchasers: People wishing to get to information, clients will have the choice of enabling access to their information for nothing or for a charge. The system will expect customers to check their own particular data with the goal that clients know precisely who's obtaining their information. Clients offering stockpiling will get token prizes.
Tech - 4/5
Blockchain technology and smart contract protocols are essential for the decentralized storage and anonymity of the Datum project. The Datum network smart contract allows for owners of data to submit, encrypt (optional), and store data in storage nodes. In order to give incentive to Storage Nodes, storage will either be paid by the data source or data consumer. Owners of data will be able to set their own terms on how many copies of their data exists on Storage Nodes, where the copies exist, and for how long they exist.
In era where privacy is a main concern for many people in the ever evolving world of the internet, this can be a major stepping stone in protection from malicious or greedy businesses or governments.
Token Usage & Funding - 3/5
The DAT token is a utility token with a fixed issuance that enables the trade of data between owners and consumers.
Total supply: 3,000,000,000
For Sale: 1,530,000,000 (51%)
Decimal Places: 18
20% of tokens will be allocated to Datum founders, developers, and advisers over the course of 2 years.
29% will be held in a reserve fund by Datum Genesis Ltd, which is a non-profit entity, for growth, business development, academic research, and future market expansion
DAT tokens are exchanged for participation in the data market, registration of tradeable data structures, registration as the storage node, and more. As tokens are exchanged, they are destroyed via a Proof of Burn algorithm, meaning deflation will happen over time. With such a low circulating supply for a Proof of Burn algorithm, a higher value for the token should be seen early on.
Roadmap - 1/5
Datum's roadmap is a small and broad overview of key dates for specific network launches. The Pre-Alpha version set for launch on August 11, 2017 was pushed back to September 12th, 2017. The Main Network is set to launch in June, 2018. No specific development milestones were detailed or given in the whitepaper.
Team - 4/5
Combined with a total of over 80 years experience, the Datum Network team is already on a road for success. The core developers and founders have already led successful projects that specialize in building large-scale data processing and management systems.
With a small team of six people, it may be beneficial for Datum to reach out and hire more developers for such a substantial project, even with their experience. Without more developers, delays in network releases may be common.
Personal Conclusion
Overall the Datum team is one of the most experienced teams I have seen. With each team member's track record of success, we can expect the Datum Network to be the same. Through Datum, society will be able to gain control over their own data and information, which is becoming an increasingly concern in today's age. With such a solid idea and plan, their roadmap is quite disappointing and should provide in-depth detail about the releases on the dates projected. Once setup and running, Datum has the potential to become the largest storage holder for data in the world. This is an under-rated project and should be given more attention.
Website: https://tokensale.datum.org
Whitepaper: https://tokensale.datum.org/assets/Datum-WhitePaper.pdf
Bounty0x ID: AutumnWolf
