Datum- A Safe Data Storage And A Decentralized Marketplace

dprincebh (25)in #crypto • 6 years ago (edited)

With no doubts the world of blockchain is here to stay, the blockchain have been glooming day by day, people's are getting interested in the blockchain technology and what it has come to offer. Blockchain have been used in many aspects in our today's life such as in banks, health services, sport, data and many more.
But how do you think data is been approached by the world?, Blockchain has the power to change the way the world approach big data with protection, privacy and data quality. Datum have been the biggest industry on blockchain that provide a market place for your data in which a user is able to sell and purchase data, with other competitors Datum have emerge to be the best.

WHAT IS DATUM?

Datum is a decentralized marketplace for data, it's also provide a safe storage for data. Datum is built on the ethereum blockchain, Datum main goal is to work through a future where a user of a content which might be either an images or videos has complete right over it and it's at his own will to either share or destory such data. Data is created when a user or company interact through either social media such as Facebook, Twitter and others or Shop online or uploading files onto a server or website, this data produce by either and individual or a company is handled by a large private organization offering free service in Exchange for exploitation of the data in which the users loses completely control over these data such free service include social media. In this case datum provide a solution to how data is been stores and manage and avoid data exploitation. Datum is created on the ethereum blockchain on a smart contract and all data are securely stores on the smart contract blockchain by the user. Datum gives users the opportunity to stored all their data on a network which runs on the smart contract and allow the user to take control over his own data. The Datum network aims to bring an end solution to data exploitation in which a user has right to either buy/sell or stored his data in a securely way and also provide a marketplace that is valuable for it's users that's what makes Datum a decentralized marketplace which can't be controlled by any single party except it's users, with the Datum storage mechanism users can be able to query data and also search for data. Datum Node/Network overview;

And also the Datum Decentralized Marketplace overview;

THE DATUM NETWORK TOKEN(DAT)

Datum network token DAT is the only utility token of the datum network, DAT is used to pay for transaction which takes place on the Datum Network. Datum also uses the DAT token to compensate users for their data, with the Datum token users can bid for data, request for data and also sell data in the marketplace. All DAT token exchange in the marketplace such as participation in the marketplace or registering on the datum node will all be destoryed which will bring more value to the Datum utility token.

An overview of the Datum Network utility token

Meet the team behind the Datum project

The Datum team has over 10 years experience building large scale data processing and management systems. They are based in Switzerland, Singapore and Hong Kong and combine the best of these worlds: Swiss Quality with Singaporean Efficiency and Hong
Kong’s Dynamism.