Datum is all about the decentralized storage of structured data. Data is the lifeblood of business and the internet and Datum seeks commoditize that data and place it on the blockchain. Datum will offer individuals and businesses alike the opportunity to gain reward from the sharing of data they choose. Currently a users personal data is tracked and sold from Facebook, Google, Twitter, Yahoo and alike. This data alone can be valued in excess of $2000USD.
Datum aims to provide a way of users to monetize that data themselves, and specifically choose which data to share. This to us makes a lot of sense. How often do these big corporate ideas run of the backs of the people and their data with out you even really knowing. They than turn around and sell it to another company, they sell your personal information and you are not rewarded for it, in any way!
This should change, the future of your data and how it moves should be up to you. I think this is a brilliant re hashing of the original concept behind the internet. Its your personal information, if they are profiting from it, you should too! Datum helps you do that
Putting the Power back into the Hands Of The People
Roger their CEO gives great examples as to the variety of data users have at their hands. This data which often may prove valuable, including personal data, social media data, and even data from IOT devices.They than go and use the blockchain to secure the data, all data is stored in encrypted form, and the users gets to specify how the data is to be shared. Options include; to share with no one/everyone/or known consumers, for free or for a fee. User can also choose how long the data will be available and detailed levels of privacy. The DATUM network then provides and exchange that allows data consumers to “purchase” data directly from the providers. Datums storage is completely decentralized, and network will utilize BigchainDB and IPFS systems for data storage.
Conclusion
This seems like a great way to again move more of the power of these larger corporations back into the hands of the people. We always like when companies shine lights on the difference between who you are as a person and the way these larger companies have monetized what is your with out you even noticing.
Its a step in the right direction and we suspect it will do well. If you are interested in learning more about this fascinating project and their team, be sure to check out the links to their website below. White papers, Roadmaps and Team Vision can drive a company to success.
These factors could lead Datum to a new space in the global market place. Take a bite out of the old systems and provide the user a more friendly experience for choosing how their data gets sent and sold around the world.
Find out more about the company today by visiting
Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=2049312.0
"This article was created in exchange for a potential token reward through Bounty0x"
Bounty0x Name - arturbonson
