An innovative approach to Data Monetizing
The centralized approach in the economy or civilization has been timeless so far. The power has always been under the single authority from the era of kings to the contemporary government. The budding method of decentralization is the dawn of the new era where every member would have the power secured under multiple layers.
Let’s solve the puzzle. The world of information technology is full of data. A massive amount of data is gathered and sold at an astronomical price and that too without the knowledge of the owner. All this happens because there is a centralized authority which collects data from data providers and sells it to the data requesters. What if the process could be made peer-to- peer, eliminating centralized authority and enabling data owners to incentivize it?
This is the far-reaching change, Datareum wants to bring in the society. Leveraging the potential of Blockchain, Datareum has made a system where the owner can directly sell its data to the requester and earn from it. It also ensures the security of data.
What is BlockChain Technology?
The blockchain is a recent technology that uses cryptography to transfer information in an immutable and decentralized way. It carries information in the form of blocks which cannot be hacked once created. The decentralized process enables all the members to connect with each other and share information. It was initially developed to transfer cryptocurrency ‘Bitcoin’ but, after perceiving its calibre, it was adopted by different other industry professionals.
What is Data?
Every single activity of the user on the internet generates a valuable data which all the e-commerce merchants use to target or retarget their prospect. The data is something far beyond a few personal details like name, age, sex, demography, and income etc. It also includes electronic purchases made, browsing history, the pointer of the mouse hovers on the websites or ads, and social media activities, etc. every action is recorded as data. Imagine if the information could be transferred on a peer-to- peer basis with the consent of the owner in a secured manner. The idea is made possible with the use of ‘BlockChain Technology’.
Eco System:-
How Datareaum brings the idea into effect?
Datareum allows data providers, and data requesters to trade their data freely. Providers can earn DTN tokens. The eight week Bounty & Airdrop Campaign is beginning from March 13 th . The total bounty bonus is equivalent to 16.6 Million DTN tokens which amount to $500,000.
In the Datareum bounty campaign participants need to get on to the social media sites and do the required activities as described on the website. Airdrop campaign requires participants to sign up to the Datareum Telegram. Comprehensive information can be availed on the website. Token distribution among participants will take place 2 – 4 weeks after the Token Sale.
Internet users must not let the golden chance slip away because others have been minting money by selling their data for long. Now, it’s your chance to monetize your data which is solely owned by you. Data requesters also reap the benefits by the removal of middleman and getting the fresh & targeted data.
Website Link: https://www.datareum.net/
Whitepaper Link: https://www.datareum.net/whitepaper.pdf
ANN thread Link: https://bitcointalk.org/index.php?topic=3115745.0
My BTC Profile: https://bitcointalk.org/index.php?action=profile;u=960338