DATUM: AN EFFICIENT DATA MARKETPLACE PLATFORM AND ECOSYSTEM
The operational activities that is involved in the storage of data can be limited due to the fact that the privacy of the data is not guaranteed and most times, the fact that data providers' don't have full control over their data serves as a means of discouragement and most security systems that protects the data of users is not sufficient enough.
THE REASONS FOR PARALYZED DATA OPERATIONS AND ANALYSIS IN MOST PLATFORMS
Many companies neglect the important role of data processing in their day to day activities and this has led to:
Clients and companies that utilize a lot of data don't have sufficient privacy plan and the right resources to curb irregular leaks of data by hackers.
Individuals in the platform s have limited access to their data and this has created a reduction in the active participation of many users in the platform.
DATUM A SOLUTION PROVIDER TO THE DATA PROCESSING PROBLEMS
Datum a new technology is a novel innovation that has the right technology in place to provide a lasting solution to the problems encountered during the gathering, compilation, distribution and accessing of data. What maakes datum unique are some of the following features:
Datum is easily accessible using any IoT devices for its operation in the platform thereby providing a fair atmosphere for all users
Most networks don't run on a smart contract network which makes users have partial control on their data. However, the introduction of datum creates full assess and control ecosystem for optimum user operation.
WHAT ARE THE DISTINGUISHING FEATURES OF DATUM FROM OTHER DATA TECHNOLOGY?
There are various features possessed by the datum system n term of using management and accessibility of data which will reduce the irregularities of data storage and operation.
These features are:
Creating a monetizing environment that gives various users the ability to trade with their data.
Datum gives customers and companies seeking for the collection of data the opportunity to access them which is being based on the terms and conditions of the user involved.
Introduction of datum token which serves as a unified currency on the datum data system.
Datum makes use of technologies such as BigChainDB and IPFS which increases the scalability in the datum ecosystem.
Datum uses a decentralized system and this helps to reduce the abnormal flow of currency within the platform.
IMPROVEMENT OF THE MARKET TRANSACTION USING THE DAT TOKENIZED ECONOMY
The use of storage nodes by Datum serves as fees paid for the storage of data and also can be used for the transmission of the data by the users to their respective client.
The use of smart contract by DAT also improves the business transactions in the aspect of creating a secured and encrypted means of data transmission that gives the user the autonomy to sell their data or information at their will.
THE DATUM TEAM
The use of a decentralized system and also a smart contract system improves the marketability of data and also creates a more secured environment for the transmission of data by users and datum gives users full control of their data allowing them to operate and sell their data and information at an affordable rate. Datum as well provides a good business environment for users and their client and maintains an amazing interelationship between data vendors, formulators, distributors and the clients.
For More Information Visit:
Official website: https://datum.org
Authors Bounty0x username: Macmelody