DATAEUM: The Data Reveluation.

in bitcoin •  6 years ago 

DATAEUM IS A BLOCKCHAIN-BASED PLATFORM WHICH USES CROWDSOURCING TO ENABLE THE COLLECTION OF 100%

OF ALL GLOBAL PHYSICAL DATA (SUCH AS STORES, GAS STATIONS, TRAFFIC SIGNS) ANYWHERE IN THE WORLD, WITH

100% ACCURACY. IT DOES THIS BY USING A DISTRIBUTED WORKFORCE OF “COLLECTORS” WHO ARE INCENTIVISED IN

XDT TOKENS TO SUBMIT PHYSICAL DATA. The following are exceptional reasons why dateum is useful in the ecosystem

within the blockhain.

               1. EXECUTIVE SUMMARY

DATAEUM IS A BLOCKCHAIN-BASED PLATFORM WHICH USES CROWDSOURCING TO ENABLE THE COLLECTION OF 100%

OF ALL GLOBAL PHYSICAL DATA (SUCH AS STORES, GAS STATIONS, TRAFFIC SIGNS) ANYWHERE IN THE WORLD, WITH

100% ACCURACY. IT DOES THIS BY USING A DISTRIBUTED WORKFORCE OF “COLLECTORS” WHO ARE INCENTIVISED IN

XDT TOKENS TO SUBMIT PHYSICAL DATA. Today, we live in what many call the Information Age, where digital data

production is at the heart of all ecosystems. Businesses of all sizes — large and small — are using some form of data to

drive growth. By 2020, our accumulated digital universe of data will grow from 4.4 trillion gigabytes today to around 44

trillion1. However, one of the downsides of this huge production is poor data quality, causing yearly losses of an

estimated $3.1 trillion in the US alone. Used by billions of individuals, data allows users to locate and move between

different Points Of Interest2 . However, most of the data is not captured; less than 0.5%3 of the world’s data is analyzed

or exploited. On maps, only 8%4 of pin-points are accurate, and 80% of online listings display inconsistent, inaccurate or

missing physical data. That is because data is still crude, unrefined and hard to find. As individuals living in this Age, we

have become instruments of data collection through our actions, behaviors and movements. It has been of tremendous

value to many companies, but oddly enough, they are getting all this data without our consent. So, doesn't it seem a

little unfair that there is no reward for those of us who generate these data? That is why we are introducing you to

Dataeum. As the amount of data available keeps increasing, Dataeum tackles the challenges of data ownership and data

reliability. Data needs to be decentralized, disintermediated, and incentivized. Rising collaborative solutions using the

Blockchain and Smart Contracts now make it possible. Using crowdsourcing, Dataeum will offer the first collaborative

and decentralized platform for data generation. Any individual will now be able to collect a high quantity of physical

data through a mobile application and get rewarded in Tokens. This innovative solution will make it possible to gather

100% of the real world’s data with 100% accuracy.

                         2. MARKET

The data market is now estimated to be worth more than 3 trillion dollars. With 90% of its production achieved in the

last two years, and growth that will increase tenfold by 2025, data is considered the “new oil". While oil and gas

companies used to have the highest market capitalizations, the most valued companies today are the ones that have

based their business around data: Alphabet, Apple, Facebook, Amazon, Netflix, Uber, Microsoft, etc. A gold mine for

private companies and other governments, data has become part of the daily lives of individuals. It allows large firms to

know more about their desires (Google), their needs and movements (Facebook, Uber) but also to influence their buying

behaviour or preferences (Amazon, Netflix). Data is thus a direct source of value creation. As the data production rises,

the quality of data is still poor. In the US8, the annual spending on bad data quality is an estimated 3.1 trillion dollars.

Even as its production increases, data remains difficult to harvest and even harder to verify. It is particularly the case of

physical data, which consists of all the visual elements individuals interact with: stores, administrative buildings,

cultural centres, roads, sanitary facilities, electrical terminals, traffic signs, vending machines, etc.

                          3. DATAEUM’S SOLUTION

With that in mind, Dataeum has set up a unique and innovative solution to collect 100% of the world's physical data26.

Using crowdsourcing27, the solution allows those who collect and generate data to be rewarded. Data will then be

accessible for use within a decentralized marketplace, according to the different needs of each market player:

navigation services, BtoB prospecting, listings updates, telemarketing, statistics, etc. Data will flow freely, transparently

and securely from the individuals who collect it to those who exploit it. The Token Dataeum "XDT" will be the fuel for the

exchanges, from collectors to data acquirers.
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