Do you know what Datareum is? If not then here I have full information of the Datareum. It is the platform that allows users to monetize their data as well as sell it directly to the market researchers, interested parties, and the academic researchers. It is the platform built on an ethereum public blockchain. With Blockchain it protects the personal as well as confidential information of the users from the crackers.
It uses the online surveys as the beginning point for creating the market and datareum uses stimulating mechanisms that help in providing long-term access to high-quality data. In addition to this datareum also provide the valuable tools for researchers of every kind.
It also aims to provide the transparent relationship between the data owner as well as the requesters. This platform gives an opportunity for the data providers to have complete control on the data produced by them. Also, the platform provides the data requesters right to use to ethically sourced, quality rich as well as structured data at the fair price.
People don’t know, but the online data generated by them are used without their knowledge and sold to different companies online. Our personal information holds some real value, and when it is sold by somebody to other parties, it means he/she is gaining profit from our information. But the person to whom the data belongs does not get any benefit, which is a big concern. Datareum offered an escape from this situation by allowing you to fill the available surveys as well as by getting DTN tokens to the wallet integrated on this platform.
Benefits of the platform- Datareum
An important benefit offered by the datareum is the control over the data and usage of the data by data requester only when data providers give permission. Data provider gets the right to decide which data he or she is going to offer for free and which data will be sold. Data providers continuously receive the DTN as the information provided by them can be resold. Thus, use of the blockchain provides the warehousing of the data at the high level by storing data, not in the centralized location. It stores the data in the distributed network and guaranteed invariance of information.
In the current market for data the quality matters, a lot and datareum use a set of a mechanism for the verification of the data which has the highest level and the potential value in the market. Data created by the bots and the low-quality data by people are removed so as to form a well-functioning market. DTN token is needed for the creation of liquid market on this platform, this platform act as both data market as well as goods or services market.
I hope now you understood all information about datareum and its benefits. Datareum is the decentralized marketplace that enables an individual to monetize personal data, allows its selling to the researchers directly and the interested parties. To know full information about datareum working, you can visit its website.
Website:- https://www.datareum.net/
ANN thread:- https://bitcointalk.org/index.php
Whitepaper:- https://www.datareum.net/whitepaper.pdf
IsabellaSophia
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1646474