INTRODUCTION
After developing and testing the proof of concept from September 2016, Datum was founded in June 2017 and the head of operation of Datum is based in Zug, Switzerland and they currently, have operations in 8 different countries across the world.
The platform called Datum is a decentralized and distributed high performance NoSQL database where structured data can be safely stored and traded between the data generator and any party interested in purchasing such data, but only under your own terms. Datum is the decentralized storage network powered by the Data Access Token (DAT). Datum provides a marketplace where users can share or sell data on their own terms.
The platform is developed with blockchain technology and it allows for secure, private, and anonymous storage of data.
The vision of Datum network is to decentralize data storage and democratize data access, thereby returning the power of decision back to data generators like you and me on how we want third parties to utilize our data. Meaning that, the aim is to democratize the usage and accessibility of structured data, and therefore establish a transparent data marketplace where all members within the ecosystem (sellers, buyers, storage node providers, society as a whole) can benefit from it. This network determined to establish a data exchange platform open to all; it could be individuals, small and medium enterprises, large corporations, research institutions, NGOs, government organizations or anyone with a need to or interest in benefitting from an open data trading marketplace.
The main advantages of using Datum differ from everyone’s perspective, but if you’d like to get rewarded for the data you generate yourself, purchase data in a transparent manner, collaborate in the future by becoming a miner/storage node provider, or benefit from a democratic and transparent data marketplace in the future
Viewing Datum as an ecosystem that would benefit all parties involved, in that way they can reward data producers for willing to sell their data and they respect whether or not they want to sell the data via the Datum network (they have a choice). Miners that host the storage nodes would be able to be rewarded as well. Buyers could buy needed data in a much more transparent manner. Society as a whole could greatly benefit from this more fluid flow and transparency of data, leading to effective problem-solving in multiple levels
TEAM
The team has extensive experience building large scale data processing and management systems. They are based in Switzerland, Singapore, Hong Kong, and United States, giving Datum a truly global reach and vision.
CONCLUSION
Datum is the decentralized storage networkpowered by the Data Access Token (DAT). Datum provides a marketplace where users can share or sell data on their own terms. For details information about Datum, it is important to check their various links and channels indicated below:
Website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Join on Telegram: https://t.me/datumnetwork
Follow on Twitter: https://twitter.com/datumnetwork
Follow on Facebook: https://fb.me/datumnetwork
NB: Most of the picture diagrams and table displayed in this write up are obtained from official site of Datum.