Over the years it has been seen that data which have been stored e.g when individuals surf the internet,when they use the social networking sites to converse with each other, when they put files out the internet, and also when they buy things alone, has grown more than the world economy and acts as a factor for the moving of power in the economy and also placing a sense of worth in the economy today.
These data which hover on the internet are kept and controlled by other big organizations and this makes it not to be safe as it can fall prey of manipulation by these organizations and also, they can decide to trade these data to make profit.
This is a problem a platform called the datum network has been created to solve to make it safer for data to exist.
Datum network makes it possible for any individual in the world to be able to safely and securely store data that is organized in a form where authority over those data is distributed among several bodies and these several bodies are the original owners of the data. This is so as to prevent a situation where only one body holds the power over the data and this is done on what is called a smart contract blockchain.
The ability for it to store and share data is due to the DAT token which actually pays for the storing and sharing of data. This platform also allows users to the able to convert their data into currency if they wish to with the provision of a data marketplace where trading of they for money can be done as long as the owner of the data actually wants to do so.
This interconnected system makes it's objective to be able to make available to people who are into research, corporation bodies, or an individual the way which seems the best and most stress-free way of getting data needed having it in mind to honor the legal restrictions laid out by the owners of the data being gotten and also making payments for those data gotten.
Datum wants to make it so that owners of data are being paid for the data they've willingly giving out prior to the way it has been done before where owners of data hardly receive anything for what they've given out and it does this by the use of mediators and intermediaries.It's so easy to use the datum network.User puts out data to the network, then the data is gotten by the storage node, next a potential consumer makes a request to procure the data, the user then gets the request and lastly takes it.
In conclusion, datum wants to make it that individuals around the world change their view of what data is,bringing them into the light of an economy it can create if given the chance.It will provide for data owners safe platform for trading their data and also be able make money from it.
Useful links
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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