How much is your data worth?

[djcounter]

How much is your data worth?

According to the dictionary, Datum means “a piece of information”. There are 2.5 quintillion bytes of data created each day. We are adding this data by some stuff like browsing the internet, activity on the social network and uploading files. Right now I’m writing this article, Google is tracking my location by chrome web browser. Organizations capture our data from many sources and use them in own way. For example, search a topic on google and tomorrow you will see it in the Google AdSense.

By using Datum technology, your data is worth like money, real money. You can control, share and sold it. This technology provides people to securely backup structured data from their activity on the internet. After backup data, users can sell or share data on marketplace by using Data Access Token (DAT).

How Datum ecosystem work?

In phase one, data submit by users. All data is encrypted and protected using AES256-GCM with 256-bit key size for every 128-bit block.
In phase two, storage node miners save and transmit the encrypted data and earning DAT token for it. For become a storage node miner, you must three sources:

1-   Compute power
2-   Storage capacity
3-   Bandwidth

And in the final phase, data consumers by using DAT token, buy user data under their precise terms.
Datum uses three platforms for their app. For the mobile users, there are two platforms, Android and IOS. Also, there is a platform on the web.

How our data is used by companies?

With user permission, the Datum app can extract our data like digital receipts and credit card transaction. This data can be used by manufacturers, advertisers, and financial analysts.

According to Datum roadmap, the project is on network lunch phase. At this phase, Datum network will consist of the decentralized storage layer, the Datum app, and a fully developed trading system. In the final phase of the roadmap in Autumn 2022, the project becomes a global data marketplace with over 300M users in over 45 countries.

Datum tokens are available on fourteen cryptocurrency exchange like OKEx, KuCoin, Houbi and eleven others exchanges. At the time of writing this article, Datum has a circulation supply of 905,410,542 DAT, with the maximum amount of Datum being copped at 2,653,841,598 DAT, based on coinmarketcap website.

51% of all minted Datum tokens will be allocated to buy by the public under ticker symbol DAT. 29% of DAT tokens will be held in a reserve for community initiatives, user growth and future market expansion, and 20% of remaining, will be assigned to DAT core developers.

The members of this project are from Switzerland, Singapore, Hong Kong and United States nationalities. The CEO and Co-Founder of Datum project is Roger Haenni. He has 17 years of experience in big data systems.

Datum will change people’s perspective about data. In the present era, data worth like gold. By using Datum project, people can securely control data and sell it on their terms. Datum protects your privacy and rewards you. Let’s get the data back on your control.

Reference:
Website : https://datum.org/
Whitepaper : https://datum.org/assets/Datum-WhiteP...
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