Hello everyone. Datum is here again. Let me ease you the stress of imagining what it will be all about because am here to give you what Datum entails. Relax and enjoy!!
Over times, data has gained assess to so many things in our day to day activity. Tell me; what you can get from the internet without data? It is nothing. The rate at which data is consumed each day is at an alarming rate. According to Datum white paper, 2.5 quintillion bytes of data were created every day.
Source
Datum white paper further analyzed that about 90 percents of the data used by the world this day have been created in the last two years. Due to the revolution the world is encountering every day, many businesses cannot get at it pick without surfing the internet. And to surf internet, data serves as a fuel to keep it moving. Isn't this amazing? Data is known to contribute to a substantial shift in economic power and contribute enormously to economic values.
The large private organizations are known to be the one in charge of data creation wherein the data can be exploited when signing up for a different service platform like Twitter, Instagram, Google etcetera. Some can even offer free service (Facebook and Google)just to accomplish their aims. In a nutshell, control over data may be lost due to this exploit.
Datum is a network that is built on a decentralized blockchain and it can permit all its users to gain back control over their data. It is a secure smart contract network that allows users to store their standards data securely despite it running perfectly.Datum provides a decentralized and scalable grounds for storing data by it being leveraged by IPFS and BigchainDB.
Adapted from Datum white paper
Datum aims to provide individual, researcher and companies with efficient grants to access data while ensuring the owners' terms and conditions are respected. Datum also aims to bring new revolutions to the data market which are know early known to be rarely paid. It will ensure to bring more values to the data market.
Datum allows its, users/customers, to make a huge amount of money from their data and ensure the right of the customer is highly respected.
For more information, visit Datum website and download their whitepaper to have a full idea on how they work. You will understand more on how their token also works.
Disclaimer: This article was created in exchange for a potential token reward through Bounty0x.
BountyOx username- Nice2you
