Dataeum will collect physical data through a mobile application that will make the collection process easy. The project has the cooperation of mobile phone companies. The quality and credibility of the physical data will be ensured? How will the use of physical data be charged?
Hey there and thank you for your questions.
Dataeum aims to become a reference for all market players dealing with physical data, enabling them to drastically reduce the data acquisition cost by using one trusted provider. To become this reference, one must be able to prove transparency on the way data is generated.
The blockchain brings this transparency and accuracy as all data collected are stored in it and the validation of each data is realized through a decentralized process.
To ensure data accuracy, the collector will get a “quality score” for his or her collection actions. The more collectors initiate, update and verify data correctly, the higher their “quality score” will be. A higher quality score leads to a higher level of “trust”, and thus a quicker reward and attractive incentives. This score is unique to Datateum due to the innovative Proof of Trust technique used to ensure the verification of 100% of the data collected. To prevent abusive or fraudulent behavior, the quality score will also be taken into consideration to determine which collector will carry out the action. Also, an incorrect collection can lead to a retroactive decrease of the collector’s quality score.
In regards to your second question, one of the main features offered by Dataeum is the decentralized marketplace. It aims to democratize access to all physical data in the world. In addition to that, it offers XDT token holders the following possibilities:
🔸LICENSING of the data for use and exploitation
🔸ACQUISITION of the data ownership exploitation (DOE)
The licensing (or rental) of the data will be addressed to different types of market players, like maps, private companies, urban planning companies or even local authorities. In order to exploit the data available on the marketplace, these players (or data acquirers) will have to license (rent) its use. The licensing price will be calculated according to a market value, which depends on the type of data concerned (name, geolocation etc.), use (consultation, one-time etc.) and average rental cost in the area.
The platform will thus propose all available attributes for each physical data: type, date of collection/update, exact location etc.
From the platform, data acquirers will be able to specify their needs and directly obtain the desired data.
The decentralized marketplace establishes a link between the collection on the mobile app and the availability of the data to the market players. The revenues generated by data rental will be reused to finance new collections, verifications and updates. Dataeum will also charge a commission to ensure proper functioning of the network and its development.
