DATUM REVIEW

The amount of data generated every day by various individuals consciously or unconsciously is being harvested by large companies without compensation. This is still prevalent even in when we exist in a time where data is a huge asset and a critical instrument to enable organizations to maintain an edge in their separate industries for strategic use. Moreso, it is important to note that every day we create 2.5 quintillion bytes of data where also 90 per cent of the data created globally was just from last year alone, growing at a quadrupled rate than the economy of the world. Following this kind of growth in data, the importance tends to pav a way for another source of power and a notable source of economic value.

Little wonder how these huge sums of data are generated, this takes us back to the data creators who can be the individuals or organization that ranges from data created from individuals or organizations surfing the internet. This data could come to the form of shopping online interacting on social networks, uploading personal files, syncing devices which are then stored in large data silos by these large private companies who do not actually pay the original data creators even when the personal data is worth a lot of money. Complementing the fact that these content owners lose control of what they want to share and who gets to tamper with their data as done by the existing tech giants like Facebook, Google, LinkedIn, Twitter, Yahoo and similar services. These same data could be monetized to the tune of 2000 us dollars annually which could actually be larger when it has to do with a corporate entity.
What if you basically decide how much you want your data to sell for and how much you are willing to share by monetizing and incentivizing the process,the Datum network is a platform that is dedicated to providing individuals, organizations, researchers seamless data whilst acknowledging the terms and condition put forward by the owner and creator of such data.
Datum network is decentralized blockchain project that intends to revolutionize the operation of the data market allowing for every on the network to monetize their data while gaining absolute control of such encrypted data and operated based on smart contract. On the network data is given an enormous amount of value ensuring that they always available, latent and searchable whilst being incentivized solving the major problems experienced in the data market. The datum network is organized by stakeholders on the network which tends to be all-inclusive, that includes;
• The Users on the network who actually create these data that are submitted on the datum platform which could go from being personal, business or generated from any other source.
• Since the datum system is a decentralized network the storage nodes are provided for computing. these storage nodes ensure that the Datum network Is able to provide coverage for global scale of user submitted data
• The end users of the data which are basically the data consumer s on the datum network. The users on the network could decide to offer the data consumers data under their observed terms and conditions which could include monetizing it or giving out for free.
• On the datum network to facilitate transactions the DAT token holders will determine how and what data is gotten. However, these align with the fact that datum is an open source network that allows for free participation but data stored and assessed on the network is charged and data stored on the network is incentivized
On the datum platform, the user is given various privileges which includes a secure data intentionally secured and tamper-proof data that remains immutable on the network which ensures the originality of the data is maintained. The data is also stored anonymously which is meant to always keep the privacy of the user private and allowing the owner of the data to always stay in control of data which is an improvement of the data marketplace. The crucial factors of the data are also determined and set by the owner of these data wherein it includes the life of the data, detail of the data, and the future of the data
Datum client
The datum client is the app created for the datum network which is available on the ios platform and the Android platform initially as a mobile app and very much later the app will be designed across platforms. This design will also create support for IoT and electric devices
Token
The token used on the datum platform will be called the DAT token which will be used as a utility token to be exchanged for certain privileges based on smart contract. The token will be used to for exchange of these services and destroyed since the supply of the DAT token is fixed at issuance and will decrease over time due to inflation.

for more information refer to https://datum.org/ or https://datum.org/assets/Datum-WhitePaper.pdf