If there is anything the internet has made very easy, it has to be the usage and sharing of data. In every part of the world, every second, data gets transferred from one point to another.
Many businesses depend on data to thrive, and so a lot of resources goes into ensuring that these businesses have access to data.
However, even with the access to data, there are still problems making it difficult for the data to get used effectively, for example, small companies that require data for artificial intelligence based projects do not have access to that large amount of data due the fact that it is expensive, and when they get a little piece of the data, they may have a problem with the data’s credibility and authenticity. Another problem that exists is the fact that there is no buoyancy to support and sustain the data ecosystem; hence it has become difficult for data creators and curators to get the much deserved incentives for the usage of data.
In light of this, blockchain developers have come up with a way to tackle the problems disrupting the access to and usage of data, which led to the creation of a blockchain-based protocol called Datum.
DATUM
Datum is creating a platform that will enable users sell personal data to companies and corporations, and get paid with the DAT token. At the moment, the platform has applications for Android and iOS devices, and also runs a web portal. With the platform users can carry out surveys and also earn money too. Datum was created for both businesses and consumers, as the consumers can sell their data to businesses that need the data and at the same time decide how their data is used. Users can also decide to store their data on the datum platform and in some cases(if they want) can sell their data to datum and get paid directly for the information they upload, while also protecting their privacy and making the recorded data anonymous on the blockchain. With the Datum platform, businesses are assured about getting accurate and authentic data, because the data uploaded by the users get verified for authenticity before being uploaded to the platform.
Unhindered Access to Data with Datum
The importance of data cannot be overemphasized, as it is a very essential part of any business, and Datum is ensuring that both businesses and users get access to data and the users(data providers) gets incentives for sharing their data. Users on the Opiria platform can decide to provide large amounts of data, including those from eye trackers, wearable smart devices, smartphones, location, health details, and financial information, etc.
Datum, being a decentralized platform gives the users total control over the data they share, hence they determine which is private and which can be shared and also the extent to which the data will be shared. Businesses who rely on data for both the development of products and for marketing will appreciate the data gotten from the Datum platform, because the consistency and honesty from the platform cannot be questioned, which is in contrast to information gotten via corporate surveillance. At the moment, the platform has a lot of prominent customers, and they hope to attract millions of users in few years. Datum will function using the DAT token. Datum is an Ethereum blockchain-based platform; hence, the best features of the blockchain technology are available with this innovative and revolutionary application.
Datum seeks to empower the users and helping them get incentives on the data they share. The users are the basis on which data is created and distributed. Datum will ensure that get the best out of the data they create and distribute. The Datum platform users will enjoy the following:
- A secure platform for creating data. Datum will ensure that every data they create is encrypted and the unlock key given to the user.
- Datum will make sure that every data they share is immutable and tamper proof.
- A marketplace where their authentic data can easily be monetized.
- A decentralized storage for their data that is fully beyond any form of central control and compromise.
- Maximum privacy for users that want to stay anonymous.
- Full Control over their data. Users get to decide how long their data is held, who to give their data to, and most importantly, how much they want to sell their data.
Conclusively, the Datum platform is a revolutionary platform for both creation, storage, distribution and monetizing of data. With Datum, the users(data creators) are the shot-callers. Datum will create a new economic model that will empower data creators and consumers instead of large private companies. I am already taking part in the datum revolution, you should too.
Want more information on the Datum project, here are some useful resources:
Official website: https://datum.org
Whitepaper: https://datum.org/assets/Datum-WhitePaper.pdf
Telegram: https://t.me/datumnetwork
Facebook: https://www.facebook.com/datumnetwork
Authors Bounty0x username: gates01