What is Datum?
Datum is a decentralized and distributed high-performance NOSQL database backed by a blockchain ledger. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner. Datum provides a marketplace where users can share or sell data on their own terms.
The Datum Ecosystem:
The Datum network smart contract governs the following aspects;
- Users Submit data: Data can be personal or business data and collections thereof or data from IOT devices and any other data source.
- Storage Nodes: Provide compute power and storage capacity to store data in the de-centralized network. Storage Nodes are part of the BigchainDB cluster that allows Datum to provide global scale storage of submitted data.
- Data Consumers Any entity wishing to access data. Users can grant data under their precise terms, either for free or for a fee.
- DAT Token Holders Govern the Datum network and provide the “fuel” enabling transactions on the Datum network.
User submits data and gets paid by a consumer;
- User submits a piece of data to the Datum Network using the client software. The user pays gas to submit the data. As the data is encrypted, only the user can provide a decryption key to all the interested parties.
- A Storage Node receives the data and stores the data. The data is replicated to many other storage nodes.
- A Data Consumer declares interest to purchase the piece of data.
- The User receives a data purchase request with the details such as purchaser and price offered. He can agree to the purchase request or counter offer with a modified proposal.
- The User accepts the proposal, the user receives DAT Tokens and the decryption key is sent to the Data Consumer who pays in DAT Tokens.
The Datum network aims to disrupt current data broker model by giving more direct and better value access to users data.2 This in turn empowers users by regaining control of how their data gets used and shared. Users are incentivized to use the Datum network for data storage not only by privacy but also by monetization incentives. The more users using the Datum network the more powerful the momentum becomes, eventually users are able to insist that data is stored and handled through the Datum network.
Project Team:
The team has extensive experience building large scale data processing and management systems. We are based in Switzerland, Singapore, Hong Kong, and United States, giving Datum a truly global reach and vision.
Token Details:
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. The DAT token facilitates transactions in the Datum network, providing value to the data on the network. The DAT token sale will enable full development of the Datum network and provide an efficient, transparent and secure smart contract token to facilitate exchange of data on the network.
Token DAT
Price in ICO 0.0170 USD
Country Switzerland
Verdict:
Datum is a decentralized and distributed high performance NOSQL database backed by a blockchain ledger. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner. Datum provides a marketplace where users can share or sell data on their own terms.
Important links:-
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Telegram Group: https://t.me/datumnetwork
Twitter: https://twitter.com/datumnetwork
Facebook: https://fb.me/datumnetwork
Bounty: https://beta.bounty0x.io/hosts/Datum
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664