INTRODUCTION
Datum came onboard with the aim of bringing about a marketplace for data to be of help to various token holders. The brain behind datum, with their vast experience in technology has put together an innovative data and management program.
Datum will make available a blockchain marketplace where users will be able to access data. The platform is decentralized hence, data is private and secure. Data is a pretty valuable commodity with the capacity to bring about huge revenue in profits. This was what prompted the team behind datum as they saw the need to make data available for people to transact with. Hence, Datum is bringing together a platform that will give users ability to share or sell their information
WHAT IS DATUM?
With the backing of the blockchain technology, datum is organizing a market platform for users and device data. Commonly known as the decentralized data storage platform, datum will have the capacity to acquire, private and anonymous data.
Classic examples of information people will be able to store on the Datum platform are data from social network, wearable’s, internet of things devices and smart homes. Users get to transact data in secure platform where they get to share or sell their info to selected people.
ISSUES WITH THE CURRENT DATA MARKET
While there are lots of companies out there that offer 'free' services, they make money from offering people’s data for sale. While the two parties involve in this transaction benefits in one form, the major owner of the data that was sold is left out.
Google, Facebook and other such companies collate people’s data and sell ad space to companies which allows them target their ad effectively.
As a result, Datum seeks to make the real data owner benefit from the trade of data by bringing user directly into the data selling business.
USES CASE OF DATUM
Interested users will register and be paid by interested clients as follows:
*With the client software provided by Datum, users will transfer their data to the Datum network. A small amount of DAT token will be required for this.
*The data from users will go to the storage which will be copied, replicated or deployed in the node
*Any interested data client will declare his intention in purchasing the data
*Users with the right specification will be notified with the data purchase proposals. The decision to grant or reject the deal is completely up to the user.
*Should the proposal be accepted, the DAT token and private keys needed to decrypt the data will be sent to the client.
DATUM FEATURES
*Decentralized Data Storage System: On the system, there is a private and anonymous structure meant to keep user’s data safe
*Storage Nodes: there are miners in charge of the storage nodes. They are compensated to make available low latency access to data
*Marketplace: This gives users the access to chose who to sell their data to.
Conclusively, datum seeks to disrupt the normal way we manage data. In other words, users get to be in control of their data. Hence, the decision of who has access to their data is totally up to them. The datum platform operates on a decentralized and smart contract system to create a new dimension in the data market by the use of a DAT token contract
to build a secured data sharing ecosystem
to increase the security of the platform.
For more information on DATUM, please visit the following useful links:
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Telegram: https://t.me/datumnetwork
Facebook: https://www.facebook.com/datumnetwork
Bounty0x Username: gtbabe
