INTRODUCTION
Socialization is one out of many ways we interact with others. Social media channels have been leading in this aspect by connecting us with loved ones and classmates we lost contact with. The downside to this connection is restricting your privacy. These social media sites and their distribution counterparts have often times, analyze users’ behavior by computing their activities on their platforms.
Datum is here to change this. By joining the line of decentralized platforms seeking to change existing status quo in the data industry, Datum is making socialization across the net free of data phishing. In the long run, you will start doing what these centralized platforms have been into – reaping from your personal information.
Datum is a decentralized data marketplace based on the blockchain technology for storing, buying, and selling of secured data.
The platform is going to function as an Open Source free to use platform which is going to benefit users, data consumers, and stakeholders in the data ecosystem.
CHALLENGES
The data market is fraught with multiple challenges that are strangling the growth and development of the market. The market needs proper platform for data management and economy, which will enable a win-win situation for all stakeholders and liberalise the market.
The problems facing the data market
● Restrictions: the current data silos owned by big corporations across the world place some restrictions on data. There are limitations to what you can do with your own data.
● Lack of incentives: while companies like Google, Yahoo, Facebook and so on have access to millions of data every day, the originators of those data get nothing in the end. On the flip side, they have right to utilise those data or sell them to companies for monetary benefits.
● Middlemen: in the data market chain, middlemen are the only ones who do not bring anything to the table but take away the larger chunk of the goodies.
SOLUTIONS PROFFERED BY DATUM
Datum Network is a firm that has designed an efficient platform to solve the problems faced in the data industry.
Datum created a decentralised platform using blockchain technology to incentivise all the stakeholders involved in the data economy with the exception of the parasitic middlemen. Datum platform gives data producers control over the data they produce. They can choose whether to share them or monetise them. They have absolute control over their data. Thus giving the the incentive to produce more with better quality. While truncating the influence and exploitation of middlemen in the industry.
With Datum Network, data authenticity and source can be ascertained. This will further reduce the proliferation of duplicate data in the industry.
DATUM TOKEN DETAILS
Datum has developed a utility token for the buying and selling of data on the platform known as DAT.
Name: Datum
Token Symbol: DAT
Standard: ERC20
Platform: Ethereum
Total Token Supply: 3 billion
DATUM MARKET
DAT is already trading on top exchanges and you can view the current markets from here https://coinmarketcap.com/currencies/datum/#markets
For more information about this amazing project (Datum) , visit the links below :
WEBSITE : https://datum.org/
Whitepaper : https://datum.org/assets/Datum-WhitePaper.pdf
Blog: https://blog.datum.org/
Telegram : https://t.me/datumnetwork
Facebook : https://fb.me/datumnetwork
Twitter : https://twitter.com/datumnetwork?s=09
Writer's Bounty0x username : ibrash600