Datum: Introducing Innovative Methods of Handling Data for Data Cre...

Introduction

Ours is a knowledge-oriented world where data is a very vital asset with which firms keep themselves floating. Raw data could cost as much as hundred dollar for just a person. If carefully collected and fine-tuned, data can command unimaginable value.

However, as heavily-monetized as the private and business data is, it is just the individual that owns the data that gets compensated financially. How lovely could it have been if the decisions on data sharing for compensation and new opportunities can be made directly by the user himself.

Although there exist a global market run by several data brokers that aggregates every type of private data from various sources, Datum stands out as the safe and disaggregated option.

Datum Network

The Datum ecosystem is a platform where just about any individual can save data safely in a disaggregated manner on a Smart Contract blockchain. Through the DAT smart token, different alternatives of selling and buying of saved data is available while upholding data usage laws as stipulated by the owner of the data.

Datum introduces a platform that works on a safe smart contract blockchain that permits every user to gain full control over their own assets as contrary to mere personal and habitual data that is generated daily, but as well from the IoT gadgets they use.

The Datum platform seeks to offer incentives like research assistants, firms or private persons the best and easiest access to data without flouting the data owner’s stipulations. By standing as the key data marketplace, Datum seeks to reverse the current data market trend that leaves the creators with almost nothing for the data and puts the middlemen in the driver’s seat.

The Datum network is open to approaches that seeks to increase the regulation of data by the generators, for instance, the individuals. The platform seeks to attain a future where data is firstly a property of the creators and where he can decide to share, liquidate or destroy such data at his or her own discretion.

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Key Elements of Datum Network

· A swift decentralized data store where users can save arranged data safelyhosted on a smart contract blockchain.

· The DAT token that drives the data storage and distribution.

· The data marketplace that allows private persons to convert their data to money as they like

· Datum Leverages BigchainDB and IPFS to offer limitless scalability, disaggregated data saving backend.

· Data saving and sharing bills is footed using the DAT token.

Datum Client

The Datum Client is a special feature on the blockchain network. It allows users to have complete control over every of their data and place them at liberty to share or distribute their data via the Datum platform.

The Datum Client is built to be there versatile and can work on a number of platforms like smartphones and PC. Datum is equally building support for embedded devices networks that comes with IoTdevices, electrically-powered cars and so on to get the data accruing from such devices.

At commencement, Datum Clients will be available as a smartphone application for iOS as well as Android.
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Datum Token

DAT is an utility token that is ERC20 standard type and Ethereum-based. It is the native currency of the Datum network and it is used in undertaking every single activities on the network.

More specifically, it is used for in making payments for joining the network, becoming a storage node, buying data and storing data as well.

Conclusion

With Datum network, data creators now have absolute control over their own data and can decide who they share it with and how exactly to monetize it. This will surely increase the revenue they can realize from the data they generate, which is quite logical, if you ask me.

Roadmap
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