The main goal of the Datum project is the creation of a high-quality and modern system designed for data processing. In simple words, Datum will become a kind of "digital safe" where your data will be stored, and only you can control the information yourself - to sell or deny access to the digital storage to the interested party.
The client-oriented nature of the project is primarily connected with the IoT segment and the social data market. The working base of the platform is Ethereum, BigchainDB, and IPFS. The economic component of the project is smart contracts that are responsible for the safety of the digital safe.
Features of the Datum project
In general, it is possible to define several important and key moments of the ecosystem functioning: it is the working structure of the marketplace trading platform, the application of the cloud database for storage, and an application that provides interaction with mobile applications.
A special place in the ecosystem is the essence of the API, in which there are all available working tools for developing their own intelligent mobile application options.
Users of the system in the person of miners also take part in the work of the platform. They have the right to sell and buy tokens, data-miners, as well as offer unique nodes where you can get a conditional reward for the done participation in the production of the token.
DAT cryptocurrency allows users to individually decide the fate of tokens:
- For a small fee, you use the capabilities of the storage space on Datum servers.
- In the marketplace, sell your data to the interested party.
- Miners use the nodes for storage, due to which you can get additional earnings for providing disk space for rent.
The functioning of the Datum ecosystem
The functional characteristics of the Datum ecosystem structure provide for the management of several site units:
- The decentralized storage provides a high level of storage of the site participant database. All information in the repository is subject to structured processing.
- You can selectively manage your own database - sell information to selected users.
- Miners who use crypto assets storage units available for the scheme pay for the storage of information, and all information has a high speed of processing the current database.
- For safe storage mode, Datum users pay a small commission.
- Mobile application is an effective working tool for managing information. All data is pre-encrypted - before data is sent to the network. Thus, the initial stage of safety of the entire ecosystem is increased. In the future, all data are subjected to detailed purification from identification information and specific template structures. All participants of the platform are given the opportunity to apply backup.
To store information, the project developed its own blockchain, which was called NOSQL.
Marketplace
Based on the principles of the project, Datum provides a trading platform where it is possible to sell and buy information online. Thus, the marketplace option will play the kind of trading platform.
Site options and functionality will be of interest to insurers, financial analysts, B2B sector representatives, KYC providers, companies using online checks, large retailers, and the Enterprise sector.
Conclusion
From the point of view of competitiveness, Datum has worthy rivals such as Pillar, as well as Brave Browser, but at the same time only Datum will be the first to apply the blockchain structure that will cover the global market. The uniqueness of the project is the use of IPFS, which gives a number of advantageous characteristics for the token.
To learn more about the details of this project visit the official website https://datum.org/ and read the whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e