DATUM- THE DATA MARKETPLACE
Datum is a decentralized and distributed high performance NoSQL database backed by a blockchain ledger. This technology allows anyone to securely and anonymously backup structured data from social networks, wearables, smart homes, and other IoT devices. Datum provides a marketplace where users can share or sell data on their own terms. Datum is a decentralized data marketplace do not only focused to provide solutions to the problem of a certain entity or actor in its ecosystem but the entire participants of the data industry at large either directly or indirectly they will enjoy the benefits of Datum.
Datum Marketplace
The process of buying and selling data through the marketplace is quite simple. After the user submits his data, the information is then concealed according to the usage terms set forth by Datum. The second step in the process is that the storage node miners save the data. These storage nodes will eventually be rewarded DAT tokens. When a buyer purchases data with DAT tokens, the information is then released to the customer as soon as the smart contract initiates the off-chain key exchange. The buyer acquisition process is complete when the DAT tokens are paid to the data owner. The success of this secure exchange of data is the direct result of the Datum’s network reliance on the DAT token smart contract.
Datum Mobile App
Instead of relying on complicated interfaces to store information and complete secure data exchanges, Datum has launched a simple and user-friendly mobile app for such trading of data. There are many advantages to exchanging information through this trusted application. The app’s storage nodes prompt quick backup along with fast retrieval of data. Once the data has been submitted, the information is encrypted and cleaned from personally identifying information. By using the revolutionary Datum application, users are provided the opportunity to share their information with non-profit entities like trusted researchers. One of the most important perks of using the app is that users can choose to provide their anonymized data to trusted entities in exchange for DAT tokens. The application’s easy-to-use interface promotes a hassle-free trade of information for its users.
Decentralised Storage Node
Increase in data privacy, security, and transparency, data creators on Datum Network will enjoy the benefits of having autonomous power and control over their data, meaning only the owner of a data can choose to share, monetize, destroy and revise their data.
Users of Datum network will be part of a revolution in the data industry, simply by sharing the idea of Datum network to solve the current problems of data industry by giving control to the users. Imagine you can control the volume of data you create on social like Facebook, Twitter, Instagram alone. The problem of targeted ads will no longer be an issue one the world Datum Network Is creating. The fact that many countries are already moving legislative activities to tackle this problem shows the importance of the concept behind Datum.
THE TEAM
The Datum team consists of qualified professionals who have experience in data development and in the management of automated systems. The founder of the company is Roger Hanney, an entrepreneur who has over 17 years of experience in the development of BigData systems.
DAT - The Datum Network Token
The DAT token facilitates transactions in the Datum netwwork. It provides value to the
data on the network. DAT token enable trade of data between data owners and buyers.
Symbol DAT
Supply 3,000,000,000
For Sale 1,530,000,000
Emission Rate No new tokens will be created
Price 25’000 DAT per 1 ETH
Sale Period 29/10/2017 13:00 UTC to 29/11/2017 13:00 UTC
Accepted Currencies ETH
Token distribution 4th December to 11th December 2017
Minimum goal 5000 ETH (raised on 8th September 2017)
Maximum goal 61200 ETH
CONCLUSION
Researchers, businesses, corporations and governmental institutions will have an easy access to data thorough Datum and Also the creators of data will enjoy the benefits of decentralization they will enjoy full payment for their work without needing to pay commissions to middlemen and intermediaries who have dominated the current data industry.
For more information on datum, visit-
Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
Bountyox username-Sandycee
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Sandra Chinenye
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Sandra Chinenye
Sep 4
DATUM- THE DATA MARKETPLACE
Datum is a decentralized and distributed high performance NoSQL database backed by a blockchain ledger. This technology allows anyone to securely and anonymously backup structured data from social networks, wearables, smart homes, and other IoT devices. Datum provides a marketplace where users can share or sell data on their own terms. Datum is a decentralized data marketplace do not only focused to provide solutions to the problem of a certain entity or actor in its ecosystem but the entire participants of the data industry at large either directly or indirectly they will enjoy the benefits of Datum.
DATUM ME FEATURES
Datum Marketplace
The process of buying and selling data through the marketplace is quite simple. After the user submits his data, the information is then concealed according to the usage terms set forth by Datum. The second step in the process is that the storage node miners save the data. These storage nodes will eventually be rewarded DAT tokens. When a buyer purchases data with DAT tokens, the information is then released to the customer as soon as the smart contract initiates the off-chain key exchange. The buyer acquisition process is complete when the DAT tokens are paid to the data owner. The success of this secure exchange of data is the direct result of the Datum’s network reliance on the DAT token smart contract.
Datum Mobile App
Instead of relying on complicated interfaces to store information and complete secure data exchanges, Datum has launched a simple and user-friendly mobile app for such trading of data. There are many advantages to exchanging information through this trusted application. The app’s storage nodes prompt quick backup along with fast retrieval of data. Once the data has been submitted, the information is encrypted and cleaned from personally identifying information. By using the revolutionary Datum application, users are provided the opportunity to share their information with non-profit entities like trusted researchers. One of the most important perks of using the app is that users can choose to provide their anonymized data to trusted entities in exchange for DAT tokens. The application’s easy-to-use interface promotes a hassle-free trade of information for its users.
Decentralised Storage Node
Increase in data privacy, security, and transparency, data creators on Datum Network will enjoy the benefits of having autonomous power and control over their data, meaning only the owner of a data can choose to share, monetize, destroy and revise their data.
Users of Datum network will be part of a revolution in the data industry, simply by sharing the idea of Datum network to solve the current problems of data industry by giving control to the users. Imagine you can control the volume of data you create on social like Facebook, Twitter, Instagram alone. The problem of targeted ads will no longer be an issue one the world Datum Network Is creating. The fact that many countries are already moving legislative activities to tackle this problem shows the importance of the concept behind Datum.
THE TEAM
The Datum team consists of qualified professionals who have experience in data development and in the management of automated systems. The founder of the company is Roger Hanney, an entrepreneur who has over 17 years of experience in the development of BigData systems.
DAT - The Datum Network Token
The DAT token facilitates transactions in the Datum netwwork. It provides value to the
data on the network. DAT token enable trade of data between data owners and buyers.
Symbol DAT
Supply 3,000,000,000
For Sale 1,530,000,000
Emission Rate No new tokens will be created
Price 25’000 DAT per 1 ETH
Sale Period 29/10/2017 13:00 UTC to 29/11/2017 13:00 UTC
Accepted Currencies ETH
Token distribution 4th December to 11th December 2017
Minimum goal 5000 ETH (raised on 8th September 2017)
Maximum goal 61200 ETH
CONCLUSION
Researchers, businesses, corporations and governmental institutions will have an easy access to data thorough Datum and Also the creators of data will enjoy the benefits of decentralization they will enjoy full payment for their work without needing to pay commissions to middlemen and intermediaries who have dominated the current data industry.
For more information on datum, visit-
Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
Bountyox username-Sandycee
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