Monetize your Personal Info With Datum

 

 Datum is all about the decentralized storage of structured data. Data is  the lifeblood of business and the internet and Datum seeks commoditize  that data and place it on the blockchain. Datum will offer individuals  and businesses alike the opportunity to gain reward from the sharing of  data they choose. Currently a users personal data is tracked and sold  from Facebook, Google, Twitter, Yahoo and alike. This data alone can be  valued in excess of $2000USD. 

Datum aims to provide a way of users to  monetize that data themselves, and specifically choose which data to  share. This to us makes a lot of sense. How often do these big corporate  ideas run of the backs of the people and their data with out you even  really knowing. They than turn around and sell it to another company,  they sell your personal information and you are not rewarded for it, in  any way!  

This should change, the future of your data and how it moves  should be up to you. I think this is a brilliant re hashing of the  original concept behind the internet. Its your personal information, if  they are profiting from it, you should too! Datum helps you do that  

Putting the Power back into the Hands Of The People

Roger their CEO gives  great examples as to the variety of data users have at their hands. This  data which often may prove valuable, including personal data, social  media data, and even data from IOT devices.They than go and use the  blockchain to secure the data, all data is stored in encrypted form, and  the users gets to specify how the data is to be shared. Options  include; to share with no one/everyone/or known consumers, for free or for a fee.  User can also choose how long the data will be available and detailed  levels of privacy. The DATUM network then provides and exchange that  allows data consumers to “purchase” data directly from the providers.  Datums storage is completely decentralized, and network will utilize  BigchainDB and IPFS systems for data storage.  

Conclusion

This seems like a great way to again  move more of the power of these larger corporations back into the hands  of the people. We always like when companies shine lights on the  difference between who you are as a person and the way these larger  companies have monetized what is your with out you even noticing. 

Its a  step in the right direction and we suspect it will do well. If you are interested in learning more  about this fascinating project and their team, be sure to check out the  links to their website below. White papers, Roadmaps and Team Vision  can drive a company to success. 

These factors could lead Datum to a new  space in the global market place. Take a bite out of the old systems and  provide the user a more friendly experience for choosing how their data  gets sent and sold around the world.

 Find out more about the company today by visiting   

Website : https://datum.org/
Whitepaper : https://datum.network/assets/Datum-WhitePaper.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=2049312.0   

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