Nobody has utmost right over your life and hence, you cannot be killed out of someone else’s misguided perception. Same applies to our social lives; nobody should dictate how you interact with others. More so, you should be accorded respect when it comes to dear information.
Social platforms have brought many people together – friends have been made and businesses have been established on the platform. Beneath this, there is a lingering problem. Privacy of users on social platforms is not assured as they are prone to hackers’ adventures. Social media platforms that were meant to safeguard its users have become the bed bug.
Often times, they collate your information and make informed analysis of your personality. Judging from your posts and activities on their platforms, key players such as Google can actually dictate what interests you. The saddening part is re-sale of your information to companies running campaigns.
The Pharaoh is Gone
I’m pleased to break the news you might be yearning for –your information might not longer be within the ambient of social platforms. Datum is a decentralized platform powered by the chain technology with the core goal of returning personal information rights and control to its manufacturer – you.
Is this Achievable?
The answer is yes. Datum has everything in place to make its implementation possible. Haven brought decentralization into focus, Datum is moving towards the restoration of your rights.
In the past, Facebook and other synonymous platforms had taken collection of your information, reached a consensus on your personality and push the information to companies in exchange for fiat income.
Datum is here to remove the Pharaoh in the system – social media platforms. The idea is that no intermediary will bridge the gap between the information mine (you/data owner) and the end-user (companies and businesses that want to run campaigns).
Use Case - What Scenario should be expected?
With the removal of middlemen such as Google, the other parties standing out are the user and the company. Through its smart contracts, Datum links the duo on its ecosystem. The system is not automated; both parties have to take charge at their different ends.
On your part as a user, you already have some details on the platform. These details will come in handy for companies that want to publicize products meeting your pain points. Through the encryption on Datum, your information is encrypted and available to you alone.
You can choose to manipulate your information in three ways – hoard it, dole it out freely or monetize it. Whichever option you choose, you are still control of your data and can only lose it when you share it. If you however choose to monetize it, you have to push the amount of information you want to share into Datum’s client – the governing force of Datum’s protocol. Few amount of the DAT token should back this up as this is Datum’s source of income.
Your data, still in encrypted form is then put up for sale. Interested persons can the bid for it. Interested companies will offer their rates which if accepted by you, you get to release the information to them and get the DAT token in return.
Allocation of Tokens
Public Contributors: 51%
Team and Advisors: 20%
Reserve Funds: 29%
Token Sales Information
Name of Token: Data Access Token
Ticker: DAT
Platform: Ethereum
Standard: ERC20
Soft Cap: 5, 000 ETH
Hard Cap: 61, 200 ETH
Total Supply: 3 billion
Exchange Rate: 25, 000 DAT= 1 ETH
Accepted: Ethereum (ETH)
Country of Registration: Switzerland
The Team behind Datum
Datum’s Advisors
Reclaiming Your Data is the Sweetest Revenge
There’s a special rush of adrenaline that comes with resounding victory at the end of a tedious challenge. That’s the feeling Datum creates. You can now dictate how gets what. With absolute control over your personal information, you can be sure your privacy is assured. The other good news – you can generate income selling your data to businesses.
For more information, please visit;
Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
Bounty0x Username: Lynkels