Datareum :: A Decentralized Marketplace for Data

Datareum’s platform provides a marketplace for high quality data. Data Providers continuously earn DTN as the data they have provided is resold. Data Requesters pay for customized data, which can be resold for profit.

Datareum

Datareum is a decentralized marketplace that will enable individuals to monetize their personal data, selling it directly to market researchers, academic researchers, and other interested parties. Built on the Ethereum public blockchain, Datareum ’s platform will facilitate this peer-to-peer transaction of sensitive personal inform ation securely,

without the risk of hack ing. Using online surveys as a starting point for building the marketplace, Datareum will employ incentive mechanisms that, over the long-term , will ensure the availability of superior quality custom data, providing an indispensable tool for researchers of all kinds

The Problems

Providing Quality Data

In a data marketplace, quality of data is essential. Data generated by bots, and low quality or fraudulent data generated by people only interested in rewards must be eliminated in order to produce a functioning marketplace.

The question of how to provide and guarantee quality data that requesters can rely on and are willing to pay for, has several potential solutions.

Solution That Will Not Work

One solution commonly implemented in peer-to-peer marketplaces is “two-sided rating.” This is a decentralized regulating system that has been employed with some success in sharing economy applications such as ride sharing (Uber) and property sharing (Airbnb).

It works in such environments because the relationship between provider and requester is one to one; the provider can easily rate the requester and vice versa. Such a solution, however, is not practical for the data market proposed by Datareum because the number of ratings required is too high.

While it would be easy for the provider to rate the requester, it’s not practical for the requester to rate all of the providers since, of course, there would ideally be hundreds or even thousands of them. As such we propose a combination of verification mechanisms along several levels, with data that reaches the highest level having the most potential value in the marketplace.

Eco System

A liquid market for DTN is achieved: Data Providers can sell earned DTN on the open market or sell it back Data Requesters in exhange for goods and services.

Token Distribution

Our crowd sale will be double-audited with all tokens held in escrow and returned to buyers if the softcap is not reached

Crowd sales : 60%
Advisors & Strategic Partners : 20%
Founders & Team Members (Lock up 1 Year) : 10%
Future Funding (Lock up 2 Year) : 5%
Airdrops & Bounties : 5%

Token Details

Symbol : DTN
Total Token Suppl : 1 billion
Softcap : $500 000
Pre Sale Hardcap : $2 000 00
ICO Hardcap : $18 000 000
Available Token for Sale : 600 000 000
Intial Token Price : $0.03 USD
Type : ERC-20
Currencies Accepted : ETH

Datareum team