INTRODUCTION
On a daily basis, data is generated at a very high rate, and till this very day, 90 percent of this data has been produced in the last two years. Stored data develops four times faster than an economy across the globe and donates a considerable reposition in the sources and potentials of profitable merits.
Much of this data is fabricated by persons and institutions, such as surfing the website, chatting on social medias, purchasing items online, uploading personal documents, watching online videos and so forth. Storage and ownership of this data is accomplished by prodigious private institutions, this data is reserved in big data silos where it could be liable to purchasing, vandalizing, extortion, and any other means of manipulation. The users of this data at most times, lose control over their data when engaging on online activities like signing up for Facebook and other social medias, that proffers “free” services in barter for exploitation of data. An example is the showing of ads by a social media like the Facebook whenever you are making use of the app.
DATUM aims to change all of that. DATUM offers an advanced network which runs on an assured smart contact blockchain that permits all of its users to retake control over their data.
WHAT IS DATUM?
“DATUM”, is a decentralized and distributed high performance database backed by a blockchain ledger. Datum technology permits users to store constructed data securely running on a smart contract blockchain, it also enables individuals to monetize their data on their own terms.
It comprises out of 3 Billion DAT tokens, with 1.53 billion DAT tokens which would be available in a public token crowdsale, the network aims to supply establishments such as analysts, organizations or persons the most effective and frictionless have access to data while honoring the owner’s data terms and conditions. With the possibility of being an influential data marketplace, DATUM strives to revolt the existing data market where data originators are seldom paid for the data and the monetization which occurs by middlemen who do not contribute merits.
The Datum ecosystem will support resourcefulness that aims at increasing complete control of data by their sources example, individuals. The Datum network aims to work towards a future where data is completely owned and controlled by their creator, example an individual posting an image online, and where the originator can choose to share, monetize or demolish this data based on their own thoughts. Datum aims to give power and security to creators.
THE BENEFITS OF DATUM
The DATUM gives so many advantages which would aid data users have an effective and complete control over their own data, and these benefits are as follows;
- It allows anyone to anonymously and securely backup formed data from social networks, smart homes, and other IOI devices
- The Datum ecosystem ensures that there is a market place where users can share and sell on their own terms.
- There is an availability of data storage and data shared is paid by the DAT token.
CONCLUSION:
Datum is bringing a revolutionary addition to the world of Cryptocurrency. The DATUM network encourages users to have absolute control over their data, and optionally sell and share their data through the DATUM network. Ensuring that data are securely stored, and making available DAT tokens which would be paid for data shared, with this user’s data will not be exploited by any online applications.
LIKE WHAT YOU READ?
HERE ARE SOME USEFUL LINKS:
Visit Our Website: https://datum.org/
Read Our Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Join Our Telegram: https://t.me/datumnetwork
Join The Bitcointalk forum: https://goo.gl/vAbbkK