Hello guys! Today I'm going to talk about another great project named Datum which concluded their ICO on 29th November of last year. The modern era is advancing with technology, more and more amazing ideas are coming into play to make new extra-ordinary innovation. One of the most valuable concepts or projects is digital data. As we go into more details about how our information, data are kept being tracked by the government, various agencies and third-party - one can even argue that digital data can even be more valuable any other technological innovations and it needs ultimate protection from third-party involvement. This is where Datum comes into play with their product and application to give their users to take back what their own!
Datum is a place where selling data is much like selling services while keeping it private. Each day a lot of Internet users produce a big amount of data, which they can’t control. Huge online companies like Linkedin, VK, Facebook are kept on growing and the user's data they collect on their database are of an unthinkable of size. Datum wants to solve these companies problem by offering them Datum's decentralized and high performance Non-SQL database which is powered by Blockchain technology.
It is a well known fact that after a few years or so, any data will be the new fossil that everyone will be talking about! At that time data exchange will be tradeable assets and a marketplace or opportunity for a vast number of people where economic growth in this sector will happen. There are a big number of companies control all our data but they don't give any benefit to us, the people who actually produce them.
It feels like we are actually slave to those companies where all of our data are being kept, they can even use those personal data to sell to a third party for money without our any consent. As we live in a technologically advanced era where we spend far too many times on Internet with our twitter, linkedin, facebook or any other social sites and we generate a huge amount of personal information in data formats, produce valuable content and that content's data is being kept by online companies. So it would be no surprise if our generations compared our current era's addiction to online activity with slavery! Because we produce important data only to receive nothing in return.
Datum project's application allows users to own their virtual data. Datum is also aimed to involve various big/small corporations, companies and government structures and it offers them to have the possibility of the huge and protected data arrays for exchanging. This whole ecosystem requires all of its service working at the same time. Even though it is hard to attract corporation or research centre like NASA to use Datum blockchain for securing their data on this platform but the team still hopes that can be done in future. So this kind of ambition sounds like great motivation for going through with the whole project's development. As we know most of the governments are cryptic about blockchain technology and attracting State institute's into Datum's ledger will also be a hard task for the team. But hey, let's not be negative about this because with time being changed and new ideas with great solutions coming into play we might say that Datum can actually attract State governments in very near future. People like writers, doctors, researchers and even student can get benefit from using Datum's application as they can sell their data, publications on the platform while keeping their data secure.
Datum ecosystem requires Datum's very own token which called DAT made on Ethereum blockchain while the platform itself is powered by BigchainDB, IPFS. Datum platform acts as a backup structured data receiver from online activity, wearables or even IOT devices while staying anonymous. The user then can regain or find their data on Datum application and then if they want to then they can sell their data to other organization on their own while keeping total control over their data. The DAT token can be mined and will allow users to run storage nodes thus getting rewarded for storing and providing low latency access to data. This platformDatum’s platform is registered in Switzerland where ICOs projects are very welcomed and the government of Switzerland is friendly to the blockchain technology. The main superiority of the project creators is the type of token because everything points to service usage. It means, that Datum’s token comes in as a utility token so this does not come under SEC's rule and regulation. The team behind the project is solid with extended experience in a large scale data processing and management systems. The team is operating their services from Switzerland, Singapore and Hong Kong.
Datum token is listed on some of the best exchanges around like Kucoin, Huobi, Okex, Coss. More details about their token's market overview can be found on Coinmarketcap
We are already part of a technological revolution where the amount of life-saving and giving ownership, censorship of a product or information back to the user and this is a revolution is happening in the digital world is of unparalleled proportions. We may not yet fully understand the development that is happening around blockchain technology right now but I believe we will be able to realize this in a few years from now when blockchain technologies become the new standard. Datum's main motto is unlocking the billion dollars personal data economy where this platform acts as a marketplace for users data! Any kind of Data has always been a valuable asset. So, the importance of Datum to secure our personal data, to monetize those with our own term should be taken seriously.
For more information, you can visit Datum's official site and read their whitepaper, learn about the team. The links can be found below:
Datum Website: https://datum.org/
Datum Twitter: https://twitter.com/datumnetwork
Datum Telegram Chat: https://t.me/datumnetwork
Datum WhitePaper: https://datum.org/assets/Datum-WhitePaper.pdf
Author's Bounty0x Username: invincible49
Author's Linkedin Profile: https://www.linkedin.com/in/invincible49