Datum – Tradeable Global Data Exchange Blockchain Network

Introduction

Datum is developing a network for decentralized data transfers and storage. Users can Store structured data produced by online activity and monetize their data. Datum wants to change the big data industry by utilizing blockchain technology as a means of storage and data transfers, the produced data is encrypted from source and only the producer or owner has access to the private keys. Individuals can then monetize on the produced data by making it available for purchase. They're launching a new decentralized platform that allows users to store their data on a secure network that runs on the blockchain and uses smart contracts.

Datum is an online platform that operates on the principle of blockchain technology. With their platform, Datum is providing their clients with the opportunity to store data securely in a decentralized way characterized by smart blockchain contract. On a daily basis, this platform creates more than 2.5 Quintillion bytes of data. Data storing business has been booming in the last four years and with every new day, there is a need for more platforms like Datum.

How Does Datum Work?

Datum works by providing a decentralized and distributed high performance NOSQL database based on a blockchain ledger. The technology will allow anyone to backup structured data (say, social network data or data collected from wearable devices) in a secure, private, and anonymous way. Then, Datum provides a marketplace where users can share or sell data on their own terms.

Datum sees possibilities in implementing algorithms, social media accounts, third party validators or identity verifiers such as Civic and Uport to improve on the data verification system. However, in the whitepaper these are regarded as optional and no definitive solution is provided. It is also not stated if data purchases can be made in bulk nor is there any market research provided whether buyers of user data are interested in buying data this way. In order to clarify the problem I contacted their customer support for answers. The customer support was friendly but could not answer any of the questions such as if data can bought in bulk whilst respecting the terms and conditions of each individual or what happens when buyers of data find certain information is false or otherwise outdated.

Datum Features

Decentralized Data Storage, Datum provides secure, private, and anonymous storage of structured data.
Storage Nodes, Miners running storage nodes are paid for storing and providing low latency access to data.
Marketplace, Datum’s marketplace allows users to share their data selectively or sell their data to trusted entities
DAT Tokens, The Datum ecosystem revolves around DAT tokens. data owners pay small amounts of tokens to store their data. Storage miners earn DAT tokens to store and transmit data. And buyers can purchase DAT tokens to buy user data.
Mobile App, Datum will have a mobile app that promises to be simple to use. All data in the app will be encrypted before it’s sent to the network.

As a data storing platform, Datum provides their clients with several features. One of them is a decentralized data storage that provided clients with the opportunity to store their data securely, privately and anonymously on the platform. Besides that, Storage Nodes are also one of the features of this platform and these nodes are related to the miners. Those miners who will be running these Storage Nodes will be paid for the job of storing data as well as providing the access to data that will be of a very low latency.

Datum ICO Details

Total supply: 3,000,000,000
Tokens available for sale: 1,530,000,000
Token price: 25,000 DAT= 1 ETH
Sale period: October 29th- November 29th.
Accepted currencies: ETH only.
Minimum goal: 5000 ETH (already raised)
Hard cap: 61,200 ETH

Conclusion

The company aims to change the way we manage and control our data. It puts users back in control of their data, letting users choose which data they wish to share, and with which parties. Users can profit off selling their wearable fitness tracker data, for example, while preventing companies from viewing their social media information on Facebook. By allowing users to sign up for free and earn tokens for tasks as simple as providing their data it shouldn't be too hard for the platform to attract users. They also have the initial marketing effort for the ICO which should see a lot of users join up once the platform goes live.

For more information, please click the link below :

Website : https://datum.org/

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

Telegram : https://t.me/datumnetwork

Twitter : https://twitter.com/datumnetwork

Facebook : https://fb.me/datumnetwork

Email : info@datum.org

BountyOx Username : wahyuuwayy