Datum Review

Looking at top companies like Google and Facebook that provide some services for our every day life. You will find out that, one way or another we submit our data’s to these companies and won’t get anything in return. Not just that, when we perform KYC maybe for an investment opportunity or for verification purpose. We also submit our data and don’t get anything in return. And funny thing is that we see it as a NORMAL. But that is not supposed to be so.

That is why this awesome team DATUM created a platform that will change that traditional perception of datas sharing. That means they created a medium, which you will be paid for sharing your data. Amazing right? It didn’t stop there they also ensured that no data can be taken without your permission. That means you’re not wrong to say, The Datum network allows anyone to store structured data securely in a decentralized way on a smart contract blockchain.

Datum Team aims to revolutionize the existing data market where data creators are rarely paid for the data and the monetization happens by middle men who do not pay the data owners. The Datum team created this platform to help users that intend to build control of data and earn for giving out their data.

In Datum Users Submit data. Data will be personal or business information and collections therefrom or information from IOT devices and the other information supply. whereas Storage Nodes offer cipher power and storage capability to store information within the de-centralized network. Storage Nodes square measure a part of the BigchainDB cluster that enables information to produce international scale storage of submitted information. Any entity want to access information. Users will grant information below their precise terms, either for gratis or for a fee. DAT Token Holders Govern the information network and supply the “fuel” enabling transactions on the datum network. they focuses on empowering the users and this makes them amazing.

Using the technical terms, Datum is Open Source platform. That means any can use it. incentives are paid to store information, access hold on information and rewards area unit paid out for submitting information. each bit of information within the datum network is marked with usage terms throughout the encryption. means the user will control in what way their information is to be shared and utilized by others.The usage terms are 100% controlled by the DAT token smart contract.

The have an existing product on play store and apple store, you can download their app to check it out. They will rely on buyers to validate data and regulate fake or invalid data. However, the data validation mechanism can be implemented going forward and Datum also plans to implement a trust ranking system for all users. Data Consumers can request for data. Ultimately, it is down to individual network users to grant access to data. The credibility of data consumers is an important aspect to datum. As such data consumers will be incentivized to build a trusted track record in handling data responsibly. The Datum network fixes this by empowering its users to determine who gets access to their data.

To make it safe for everyone, user have full control over their data. Such as. You will be able to. Share your data with specific individual, also identified and known data consumers, Share with a specific user, identified and known data consumers for a minimum fee, Share with all, that is entire user, Share with everyone in the Datum platfrom for a minimum fee. etc

The great team behind this platform Datum, are on a mission to change the way people think about their data. By empowering interested data creators to utilize a secured way to store and exchange their data ob Datum platform, and a vibrant marketplace to monetize this data, a new economic model will be created that empowers consumers instead of large private companies.

their team has over 100 years experience building large scale data processing and management systems. they are based in Switzerland, Singapore and Hong Kong and they combine the best of these worlds: Swiss Quality with Singaporean Efficiency and Hong Kong’s Dynamism. this will show you how dedicated the team are and how successful this project will turn out to be in few years time.

The ticker of the token is called DAT, and DAT is a utility token that can be exchanged for certain privileges on the Datum Network. this include participation in the Datum data market and registration as the storage node etc. and importantly, all the Tokens exchanged for every kind of activities on the platform shall be destroyed, and because of this, supply of DAT is fixed at issuance. the next effect of this unique technique means that the supply of DAT will decrease over time.

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https://datum.org
https://datum.org/assets/Datum-WhitePaper.pdf