DATUM REVIEW
Data processing and gathering happens to be one of the most talked about issues in the world. This has led to several people refusing to provide their personal data to websites and platforms. Some of the main problems that individuals have had to face in relation to their data being processed is that there is a central authority. This central authority takes a decision on how these gathered data should be processed. This eliminates the individual from the data processing process. Also, there is a lack of marketplace where individuals are able to sell and bid for data. This again means that only large corporations could make profits from the selling of personal data.
These two problems have made it difficult for individuals to fully control their personal data. Interestingly, a decentralized platform has been developed to solve this problem. The Datum platform. Datum happens to be a distributed and decentralized high-performance database that is backed by the amazing blockchain technology. The Datum platforms offer all the opportunity to anonymously and securely back up their data from social media, smart home devices as well as other Internet of Things (IoT) related devices. Basically what this means is that the Datum platform seeks to shift power from these large social media platforms to the individuals. It seeks to offer a platform or marketplace where you can sell your data on your own terms.
The Datum network integrates a decentralized method of storing data. This discards the previous method of centralized authorities having total control and storage of data. With the help of the blockchain technology and other additional technologies, the Datum platform assures users of security and immutability. This means that all data that is stored on the platform cannot be tampered, altered or even modified by anyone. This definitely means that users do not have to worry about their data being seen or used by anyone on the network.
Features Of The Datum Platform
1. Security; all data is encrypted and stored safely
2. Unlock value; the data that is stored can be monetized
3. Privacy; anonymous storage of data
4. The data stored cannot be altered by anyone.
5. Total control; users are in full control of how their data is being used.
6. Marketplace; the Datum platform provides users with a marketplace where they are able to sell their data.
7. Strange nodes; on the Datum platform, there are strange nodes that are run by miners. These miners are paid for storing this data as well as for providing low latency.
How The Datum Platform Works
• Users would have to submit or upload their data through the client software. For them to do this, they would have to pay for gas in form of the Datum platform's native coin DAT.
• A strange node would then receive and store the data. Once this is done, the data is replicated to other storage devices.
• An interested user would show or signify his desire to buy the data
• The user would receive a data purchaser request.
• If the user accepts the proposal, DAT tokens would be paid for the decryption code to be sent to the buyer.
Conclusion
The Datum platform was designed specifically for you. It would ensure that social media platforms are not able to access your data and at the same time giving you the opportunity to sell data.
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Written by tibo