1/ What Is Datum?
Datum is a blockchain-based marketplace and data management system that aims to turn data into a secure, tradeable commodity.
As the Datum website explains, “data is the new oil”. Datum has created an exchange for that commodity powered by Ethereum, BigchainDB, and IPFS.
The Datum pre-sale is taking place throughout August, with an ICO scheduled to begin on September 12. The project is being developed by a team in Switzerland, Singapore, and Hong Kong.
2/ The Ecosystem
The Datum network relies on the DAT token smart contract to provide secure trading of data while respecting the terms set out by data owners.
Data owners pay small amounts of DAT tokens to store data
Storage node miners earn DAT tokens for storing and transmitting data
Data can be purchased by spending DAT tokens, on the owners terms
3/ The Datum Solution
The new platform will be available for a variety of different users:
Users: Users will have the option to submit their data on the platform and then given the option of selling it, by being on a decentralized network users will know that their data is completely safe.
Users will be able to use the simple to use Datum app which allows them to decide what data they wish to offer for sale.
Storage: The new platform will require a lot of storage, users will have the option of offering storage to the platform.
Consumers: People wishing to access data, users will have the option of allowing access to their data for free or for a charge. The network will require consumers to verify their own information so that users know exactly who's purchasing their data. Users offering storage will receive token rewards.
4/ Datum ICO Details
Total supply: 3,000,000,000
Tokens available for sale: 1,530,000,000
Token price: 25,000 DAT= 1 ETH
Sale period: October 29th- November 29th.
Accepted currencies: ETH only.
Minimum goal: 5000 ETH (already raised)
Hard cap: 61,200 ETH
5/ The DAT Token
Users will be able to purchase data by using the new DAT token, once the tokens are sent they get destroyed, this will make DAT a deflationary asset as more tokens slowly get destroyed.
Users will also have the option of registering to set up a storage node which requires a small payment of DAT, once their node is running they'll receive a percentage of each transaction.
6/ TEAM
"This article was created in exchange for a potential token reward through Bounty0x"
WEBSITE : https://datum.org/
WHITE PAPER :https://datum.org/assets/Datum-WhitePaper.pdf
TELEGRAM : https://t.me/datumnetwork
FACEBOOK : https://fb.me/datumnetwork
TWITTER : https://twitter.com/datumnetwork
Bounty0x : ducpham
Bitcointalk Usename :Ironman5689
Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=2008052
ETH :0xD8fB18bb26cD0544Feb73A5263619a963adf1f0B
