Datum: Placing Data in Users’ Palms

philmovs (37)in #blockchainc • 6 years ago (edited)

You might have needed to visit a mall for some shopping. But before going, you logged on to your social media handle to catch up with latest gist. Strolling down your timeline, you find a Page that advertised the exact products you wanted to buy.

Out of sheer curiosity you had placed an order and within hours, the goods are delivered to your doorstep. Do you deem that a coincidence? Have you wondered how the scenario played out? The answers to your posers lie with you.

The craze for social media had literal caused many to take French leave of their privacy. The first port of call at the start of a new day is social media and it takes precedence in your daily activity.
Although many are not aware, their information is under siege and there seemingly no way of curtailing the trend. The recent incident between Facebook and Cambridge Analytica is lucid citation to the non-protected murky waters of socialization that you have been swimming.

These centralized platforms feed fat on your information – getting enriched at your expense. Aside monitoring your activities through your IP address, these platforms poke into your information and analyze your activities on their platforms. From their analysis, a logical conclusion is reached on your personality. The siege is long overdue.

It is time to disrupt the system and Datum is leading the fray.

When an Opposite becomes a Solution

Interestingly, #Datum is the direct plural of data. It is amazing that a plural to your information will become the solution to degradation of your data. Datum is propelled by the chain technology. At the core of its goal is wresting data from the grips of these platforms.

Reaping your Fruits

Datum literally allows you reap the fruit of your labor. Instances where your data was violated, sold and all profits kept by centralized platforms such as Google will be tossed to the ocean of forgetfulness.

Datum leverages users above the current trend. At the core, your information is encrypted restricting its access to you. In another scenario, you can deploy the same means used by the like of Facebook – information harnessing and marketing.

Brewing another Social Media

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Datum cannot issue you rights over your information by fiat. The platform is assiduously working on a mobile client. The Datum Client will be the power house of the Datum mobile application to be released on iOS and Android devices.

Datum might just be another social media in the offing. In later years, there is tendency of integrating top social media platforms into the Datum Client. With the immense prospect it brings and the possibility of these platforms access to your data, this might be likened to walking a tight rope. Nonetheless, the client will facilitate transactions on the Datum network.

Monetization

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The platform allows you trade your information in exchange for the DAT token. To achieve this, you have to send application through the Datum Client stating your intention to sell data. You will release some DAT token to that end and on confirmation of your application, your request is distributed across the ecosystem.
Interested persons can then bid for your data and suitably qualified ones will fund you with agreed DAT token amount while you decrypt your data for easier use.

Allocation of Tokens

Team and Advisors: 20%
Reserve: 29%
Public Contributors: 51%
Below is a graphical representation of the allocation of tokens and fund

Token Specifications

Token Name: Data Access Token
Symbol: DAT
Platform: Ethereum
Standard: ERC20
Type: Utility
Token Supply: 3 billion
Exchange Rate: 1 ETH= 25, 000 DAT
Soft Cap: 5, 000 ETH
Hard Cap: 61, 200 ETH
Accepted Currency: Ethereum
Country: Switzerland