DATUM- THE BLOCKCHAIN STORAGE PLATFORM
Hello crypto fans out there. In this article, i will be discussing this new ICO you should pay attention to. With the advent of various concepts, ideas in the crypto space, it got me to thinking once before of having a data storage or security on the blockchain; More like having your data saved on the blockchain. I never knew i would come across such project. This simple explanation is the basic concept of Datum. Datum network is a Blockchain based system which allows users to store all of their data in a decentralized way on Blockchain. This will take data security and privacy to a whole new level as customers will be able to decide who can look into their data and thereby allow or deny access to their personal data.
Datum is a decentralized and distributed high performance NOSQL database backed by a blockchain ledger. This technology allows anyone to backup structured data like social network data, data from wearables, smart home and other IOT devices in a secure, private and anonymous manner. Datum provides a marketplace where users can share or sell data on their own terms.
How it works/Features/ Ecosystem
Datum restores ownership of data back to the individual and for everyone who controls who they share their data with and at what price. This is one of the ways Datum works. Also, Miner that runs the Datum Node Storage are paid to store and grant low latency access to the data. All you need to mine is free disk space and fast internet and the DAT token goes into your wallet.
Datum Company enabling companies to access users as never before, with user consent. Currently developers are limited by what Facebook, Google etc offer through their APIs, and this API comes with enormous limitations and limitations. With the company Datum can buy user data they need directly from the user. No intermediaries are needed. Simple and easy. Lastly, Datum provides simple and easy-to-use mobile apps supported by Datum ecosystem, Datum marketplace and open API. All these has simply explained the Datum ecosystem which relies on the DAT token smart contract to provide secure trading of data while respecting the terms set out by data owners.
Being of the fact that blockchain is one of the most secure ways to store data today with no possibility of data corruption or an illegal access to your data, then whats the limitation to keeping other data on this secured storage. A great percentage of individual if not all has data stored on social networks, websites, etc in which these storage can be compromised through hacking and the likes and also there is full access to the data by the owners of this sites making it centralized. Now taking a look at datum providing a decentralized platform for the privacy and security of data on the blockchain is quite awesome. Here is the part i believe everyone should be interested in. On datum, for every data uploaded on the storage, you get rewarded with DAT token alongside full decentralized control to their space.
Datum Client is the name given to the data control application offered by Datum to all its users to personalize and manage their data. Datum client will first come as an android and iOS application and then, on other platforms. The application is a fully-fledged tool to provide users an absolute control over their data and the money earned from that data. Some of the features that datum client offers are:
• Overview of the data stored on the Datum Blockchain.
• The DAT tokens earned by selling of the data on the network
• A completely user-friendly application that abstracts all the technical background of the application so that application can be used by the public with no technical background.
When on Datum Blockchain, you are the absolute controller of your data. Not even Datum has access to your data unless permitted by the user. Full transparency means that at all times the users will know what service is using or has requested for their data and accordingly respond to the request.
With the world shifting for new and secure methods to store data Datum is a great platform to secure and manage your personal data which simultaneously provides its users with an opportunity to earn rightfully from the regular habitual data produced by them.
The Datum App
Smart enough by datum, they discovered humans will work better with the mobile. End users do not need to interact with complicated wallets, instead Datum provides a simple to use mobile app.
All data is encrypted in the app before its sent to the networkPrivacy Data is cleaned from personally identifying information and patterns
Fast backup and retrieval of data through locally close storage nodes
Simple interface abstracts Datum network complexity for everyday users
Ability to share data with non-profit entities such as researchers, NGO’s and others
Users can choose to selectively sell anonymized data to trusted entities in return for DAT tokens
The smart network Datum contract deals with the following aspects:
- User sends data
- Storage miner nodes store data
- The buyer obtains data based on requirements
- DAT token holder fee distribution
About Token sale and Distribution
Datum is offering an ICO that will start September 12 2017 and will end October 12 2017 or if the maximum cap of 153,000 ETH has been raised you can only join the crowdsale using ethereum ETH. the price of each DAT token will be 10000 DAT for 1 ETH .
Meet the Team
The concept for Datum began in September 2016, with the whitepaper and concept validation launching in June 2017. The pre-sale is taking place throughout August, and the token sale is taking place between September and October 2017.
The company is led by CEO and Co-Founder Roger Haenni, who also co-founded StockX, SwissInvest, PCP.ch, and Kosi. Other key members of the team include Gebhard Scherrer (Operations, Co-Founder), and VC Tran (Marketing, Co-Founder).
Altogether, the team has over 80 years of experience building large scale data processing and management systems. The company is based in Switzerland, Singapore, and Hong Kong.
To know more about this revolutionary project Visit:
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=2049312.0
My Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1048662
My Youtube channel: https://www.youtube.com/channel/UCoKb8l6T6TN3dk9_9CvTnvw