Every day, users of the network produce a huge amount of information, the lion's share of which does not belong to them. Companies such as Google and Facebook thrive by collecting these data in exchange for free services. In order for users to own virtual information, Datum was created. Let's see what it is and whether it can be earned on this.
Datum cryptocurrency is a decentralized system created for working with data. The information is periodically unloaded from the devices, encrypted and sent to high-performance distributed storage. Then users can sell their own data on a specialized site. In this case, the user decides independently which data to sell. They can be completely impersonal.
How Datum Token Works
1 works - Users save their datums on the network, paying a small commission in tokens for storing data.
2 - Miners. Miners provide data storage nodes and thus catch DAT tokens.
3 - The buyer acquires data. This project provides for the purchase and sale of information, paying for purchases of DAT tokens.
The Datum crypto currency has an application for iOS and Android.
How Datum Network works
Everything is extremely simple:
users upload their data to the Datum network, paying a small commission for their storage. All information is depersonalized and encrypted;
Miners provide data storage nodes and earn DAT;
Buyers purchase data by making a payment in DAT. Then the funds are transferred to the seller. The information is sold according to the terms of the smart contract.
It's worth noting that this project has an application for iOS and Android. It can be downloaded for free on the Play Store. In the application, you need to attach your accounts to Facebook, Twitter, etc., and then sell the information.
Who will be interested in datum crypto
This project will be of interest to people who work closely with information and data for example:
- Insurers
Representatives of this profession will be able to store anonymous information about their clients on datum. Also you will be able to sell the data, because people who are involved in the medical field are very frequent buyers of this kind of information. - Financial analysts
With the help of datum analysts will be able to fully understand the relevance of a particular product. - B2b
Customer database.
As customers, the service intends to attract state and corporate structures, offering them the opportunity to quickly exchange large volumes of protected data sets. If they actively use Datum Network ICO, then the platform has prospects. However, the question arises as to how much the same NASA, mentioned by the developers of the project, are ready to share their information through the technology of blocking. Experts argue that the stake on attracting state structures is not high. But you can count on corporate clients. The project will be useful to research agencies, financial structures, insurers, B2B companies and others. Also it will be used by individual users - students, doctors, scientists and so on.
From the point of view of competitive analysis, the market for this project is fully open. However, similar services already exist. Brave browser and Pillar are the main competitors. The Datum differs in that it uses a blockchain system on a scale capable of globally capturing the entire data market.
Website: https://datum.org
Mobile application: https://play.google.com/store/apps/details?id=org.datum.app&hl=en
Twitter: https://twitter.com/datumnetwork
Facebook: https://www.facebook.com/datumnetwork/
Blog: https://blog.datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Bounty0x username: borand88
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