Your data is big business. Companies like Google and Facebook thrive by monetizing the vast amounts of user generated data in return for free services. However, this business model succeeds by obscuring the true value of the data that users generate.
Datum aims to create a marketplace where individuals can share or sell data on their own terms. Datum allows anyone to securely sell their data from their mobile phone while providing full control over what data is sold and who can buy it. Datum utilizes BigchainDB and IPFS to provide a decentralized and scalable data storage backend. You can find the Datum whitepaper here.
The Datum Client, which is being designed for various mobile and desktop platforms, allows users to interact with the Datum Network by allowing them to share or sell their data.
The DAT token will play an essential role in the Datum Network where it will be exchanged for certain privileges and functions such as the sharing and storage of data. DAT is a utility token that derives its value from its use as gas or fuel on the network. The supply of DAT is fixed at issuance (3 billion) and tokens exchanged for various activities will be destroyed, making DAT a deflationary cryptocurrency.
You can earn up to 500 DAT by completing simple actions such as signing up on the Datum website and following the Datum Network on Twitter. If you found the information I provided useful, please consider signing up through my referral link:
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