Datareum — Decentralized Data Market

nugezmils (2)in #blockchain • 6 years ago (edited)

If you are reading this post, very likely you have at least some idea about crypto currencies. If not, well it is way too complicated to explain this issue here. There are dozens of forums and articles, where eggheads and just average people tries to figure out the phenomenon of Bitcoin, Ethereum, Ripple and other currencies, which prices are day by day closer to the moon (despite of time when they are falling like shot airplane like last couple weeks). So if you want to fulfill gap of your knowledge, check more specialized sites like bitcointalk.com and etc. Just please put the great attention on key words like: ‘ICO’, ‘Bounty’, ‘KYC’ and of course main slogan which attract millions of people to crypto currencies ‘rocket to the moon’. If you already did your homework, I can explain you the reason why I am writing this post.

ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.

So did I and during my research I found the project in which I really put my faith: DATAREUM. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot. The analysis I will present consists of parts, and each of them shows this project from different angle. I will judge the website, project, team, whitepaper, token distribution and many more. So, let’s go!

ABOUT 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 information securely, without the risk of hacking. 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.

DATAREUM PLATFORM

The platforms comprise the following characters

Requesters: Are those who request and / or purchase data. They may commission a survey directly or they may purchase survey results that have been resold on the data marketplace.

Providers: Are those who provide data for free or for sale. Providers are generally individuals but they may also previously be requesters who are providing data through its resale.

Data Marketplace: is an architecture of smart contracts that confirms or denies the legitimacy of data entered and determines whether it is delivered or rejected. If delivered, payment is exchanged between parties.

My DataVault: is the secure location where data providers can enter basic information about themselves. Such information can be monetized according to their preferences.

DTN: is the abbreviation or “ticker” for the native token of the Datareum platform. All transactions on the platform will be conducted using DTN.

BUSINESS MODEL OF DATREUM

The ecosystem aims to streamline a platform where the users of the information will provide their data. The data must be high quality and verified. This will be enabled by a decentralized platform which will use a peer-to-peer marketplace. The data will be sourced from genuine sources, structured strategically for easy access, and when sold, the owners will be conveniently compensated. The users will total freedom of their data and determine how personal information and data will be used and shared.

BENEFITS OF DATAREUM PLATFORM:

The principal advantage is the possibility of control own to data which are collected only with the permission of data providers.

Providers itself makes the decision what data it is ready to offer free of charge and which ones to sell.

Data providers will receive DTN continuously because the information they provide can also be resold.

Use of Blockchain will provide the high level of warehousing data by storing it not in a centralized location, but rather in a distributed network, guaranteeing the invariance of the information.

FEATURES OF DATAREUM PLATFORM

Provide an integrated application, messaging, workflow and data management architecture.

Build on an existing technology “mega-ecosystem” to maximise skills and code reuse.

Eliminate unnecessary data “silos” to unlock new business opportunities by allowing real-world assets to move freely between all legitimate potential owners.

Embed legal entity-level identification into the programming model to enable legally enforceable and secure transactions.

Enable the inevitable move to the public cloud without requiring high-risk technology bets.

The following are the benefits which are offered to the data providers:

Anonymity,
Monetizing the information,
Take full control of the data,
Earn residual income on your data,
Sell the data which only you want,
Earn money by filling out the surveys,
Get the payment immediately.

The following are the benefits which are offered to the data Requesters:

Reduce cost by eliminating the mediator in the data collection process,

Getting relevant data from the specific demographics only,

High speed and convenient performance,

Specify the research budget,

Trustworthy data are taken from humans, not a bot,

Resell the result on the platform of Datareum,

Make survey as per your need.

DATAREUM ICO DETAILS

1 Billion DTN tokens are created for the project in which 600,000,000 tokens are reserved for the ICO. The Token Presale starts on April 28th, 2018. 40% OF the funds collected from the ICO will be used for the application development while 25% of the funds will be used for the research and development. The team consists of professionals who are ready to complete the project.

Prе-ICO starts аt Aрril 28, 2018 12PM UTC

Min contribution: 5 ETH

Bonus: 20%

Token Available: 66,666,666

Bonus: 13,333,333

Public Sale available Token: 520,000,000

DATAREUM TOKEN SALE

Token Details

Name: Datareum

Symbol: DTN

Type: ERC-20

Total Token Supply: 1 billion