DataStreamsX: Analaysis
Overview and Statistics:
- Founded in 2014 under the idea of monetizing data assets.
- Founder is a technologist in communication technology and data science (Previous manager in Samsung)
- Committed to the long term development of data economy
- Solution for providing access to the data for different companies (Finance, insurance, telecommunication…)
- Platform Launched in July 2015
- Backed by Wavemaker labs in 2016
- Currently has more than 5 billion data records transacted monthly.
- Estimating global data market to exceed 110billion by 2020.
Problems and Solutions:
- Managements view data as a cost is aimed to be reduced through incentive and efficiency in provided data.
- Cross contamination of transacted data from a single source could cause inconsistencies and a risk of corrupted data fees.
- Traceability of activities related to investing and trading is unavailable
- Scarcity and pricing
- DSX chain enable vendors to have control of the distribution and the buyer have full transparency on where the data is being sourced (Smart Contracts)
- DSX chain is providing an immutable data ledger
Token Functionality and Stats:
- DSX token serves as a utility token for the network
- Producers and Vendors pay with the token to stamp data on blockchain, broker nodes are compensated with DSX tokens for creating the blocks and consumers will use DSX token to verify authenticity of data products.
- Adopting AI will grow the market alongside, B2B model is envision to grow to C2B2B
- Limited token supply*
- Private sale 15M$, Public sale 5M$
- Token Distribution
o 40% crowdsale for public and private.
o 30% company reserve
o 20% company stakeholders
o 10% company allocation - Fund Allocation
o 30% Research and Development
o 35% Business and Network Development
o 25% Operations and Security
o 5% Legal, accounting & compliance
o 5% Treasury - Private sale started on February 1st and ends at 15th of March.
- Public sale ends in April.
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