The availability of online data has offered speedier routes in getting to said records, all you need to do is to simply provide the keywords into the search engines for example google or yahoo and you will be amazed with the variety of data you get to access. Indeed the propelled methods of obtaining information will provide you data in a more convenient way. With the world of online activity where several users across the globe accessing in each and every few seconds and large amount of data being exchanged each millisecond; in such case, data research has occurred as one of the biggest challenges for users and organisations. Traditional styles of data collection though quite reliable and effective to some extent, are nowhere enough capable to handle huge volumes of data available for use today. It underlined the requirement for more efficient systems that could maintain and handle big data volumes more competently and render fail safes for the users and this brought forth the blockchain-based Datum platform.
DATUM PLATFORM DESCRIPTION
Datum is one of the best data exchange platform that helps to collect, manage and store huge amount of personal data of users to many companies/end users globally. While Datum is an existing platform known for wide coverage of all sorts of data, the team create Dat token to build a decentralized ecosystem on Ethereum blockchain to secure trading of personal data.
What is Datum Platform mission?
Listed below is what Datum team have to deliver to the general public on Datum platform:
Grant users right to protect and monetize their own data.
To develop a global decentralised blockchain based ecosystem for safe and reliable exchange of data.
To make Dat token the currency to measure the value of personal data shared.
Uses of Dat token to Users and data Consumers.
Dat Token gives utility to both the users and the data consumers. Organizations require Datum tokens keeping in mind the end goal to buy individual information from data providers. Consumers earn Dat tokens simply for selling their personal data on Datum network.
INCENTIVES FOR COMPANY/CONSUMERS:
- Motivate users willing to give personal data.
- Quick and easy access to accurate personal data.
- More specific personal data, such as browsing behaviour, smartphone usage and so on
- Better choice when delivering new services and designing products.
INCENTIVES FOR USERS
- Full control of personal data
- Maximum protection of users anonymity.
- Proper protection of data privacy
- Full compwnsation for personal data provided
Interestingly, With Datum platform it is now possible to choose the kind of information you would like to feed and earn some reward from it. There are unique solutions Datum Platform will serve to clients as well as organisations collecting the data.
However, the question remains that why exactly is such a solution required in the first place? As already explained, the Dat token is the currency that estimates the value of personal data accessed on the platform. Here, it is worth mentioning that these play an important role when it comes to processing the data that is stored in the Datum Distributed File System. And obviously, companies want perfect and classified information about consumers needs in order to meet market demands and maximize profits. Although different states or countries may have recognized rules and procedures in availing these records, you do not have to worry because Datum platform have made the database promptly accessible to end-users.
PROJECT TEAM
Get more information about the project in the following links
ADDITIONAL LINKS
AUTHOR’S BOUNTY0X USERNAME: SEUN