In today's world, a ton of data is created everyday by each individual through various platforms - this data is largely owned and stored by large companies where it can be packaged and sold or exploited. Think about all the data you already share on social media whether it is through Facebook, Google or Instagram - every action on these platforms provides them more information about you. Datum is a blockchain based database and marketplace that enables you to take control of your data with an open-source data network and marketplace. In simple words, you can set your own rules as a data owner and monetize your data
Datum's goal is to revolutionize the current data market by providing data consumers and data creators a platform to access the data in a rightful manner and ensuring that the data creators are paid for using their data. Data is encrypted and secured using AES256-GCM (considered among the top ciphers) with 256-bit key size for every 128-bit block in a decentralized manner i.e. it is not controlled by any single company or individual.
If you consider for a moment the fact that 90% of today's data was created in the last 2 years, you will realize the importance of data in today's world. Data analytics is big business and almost nothing trickles down to the data creators in the present scenario. With the adoption of blockchain technologies, this is changing - we are moving towards decentralization of identity data, cloud storage and even personal data which is kept securely and under control of the creators. The value is passed on to the creators. So far, a big achievement for the Datum team is to successfully bring onboard 90k+ users in a relatively short period of time. I have big hopes for the project! Check out the Datum blog to read more about the latest on the project: https://blog.datum.org
Happy investing!
Note: This article was created in exchange for a potential token reward through Bounty0x
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