Datum is singular of data, which simply means a piece of information. It is a perfect name for a project that is actually designed to turn users’ data into a valuable commodity. Millions of users from all over the globe are using a number of social networking platforms. These platforms require personal information in order to allow the users to create a secure account. Of course, they offer great levels of security but not for free.
The social networking platforms gather an enormous amount of personal data from the users. People think they have got free ways of connecting and communicating with their friends, relatives, and colleagues, but actually they provide all their personal details for free. Many social networking platforms illegally use that data and sell it to big marketing firms. The users unknowingly get targeted by advertising agencies and that’s what affects the choices of the users.
Datum network is providing the users with a smart contract blockchain to store structured data in a safe manner. Anyone can use this solution to gain a complete control over the personal information. Allowing users to secure their data is the first priority of the Datum network but at the same time it also allows the users to share or sell their information for DAT tokens. The buying and selling is a completely optional process. Datum makes it safer by allowing the owners to apply some strict data usage rules.
Over 2.5 Quintillion bytes of data is created on a daily basis. Statistics suggest that about 90% of the world’s data has been formed within the last two years. The amount of data is increasing four times faster than the world economy. That’s how it is causing a considerable shift in the source of economic value and economic power. Datum is offering the ways of making profit from such an enormous amount of data and that’s why it seems like a promising solutions.
This platform is offering a network run over a safe smart contract blockchain, which basically designed to offer the users with a complete control over their data. The users will not only manage the way their personal information is used, but they will also be able to take a complete control over the habitual data created every day due to using different websites.
A decentralized data storage for storing structured data with unbeatable security.
The DAT token, used for selling, sharing, and using data and rewards.
A data marketplace where the users can find easy solutions for monetizing their data under some strict terms.
BigchainDB and IPFS to offer exceptionally scalable and decentralized information storage backend.
Datum is equipped with every component needed to improve data security and tradability. This platform will encourage common internet users to be more responsible about the management of their personal and habitual data. It will be the leading marketplace where data will be traded as one of the most valuable commodity.
