Lawrence Ibhazobe
Sep 3, 2018 · 4 min read

DATA EXPLOITATION; DATUM TO THE RESCUE

Data Exploitation; Datum to the rescue.

Individuals and organizations create huge data which are stored and exploited by large private organizations without the consent of data owner (creator). This exploitation by private organization takes place in form of selling, extraction, and tempering.

Private Organization such as Facebook, Twitter, Instagram, Google collects data for free when individuals or organizations sign up to use their services, socialize on the internet, upload personal files as well as shopping online.

Data storage is of great economic value which can enable the data originator (owner) to earn income. However, data owners are denied earning power on their data by private organization exploitation who continuously accumulate a large amount of data in return for nothing.

Is it possible for data owners to monetize their data, decide how they are willing to share for incentives or reward?

The DATUM NETWORK SOLUTION

Personal or corporate data is worth a lot of money. Datum Network provides a platform for data owners to regain control of data and determine if and when to sell it or share it by providing incentives via the use of DAT utility token.

The primary objective of Datum is to mitigate exploitation of data by ensuring its secure, encrypted, decentralized, available, latent, searchable above all incentivized/rewarded.

The Datum Network will achieve the above objective by engaging the following stakeholders:

  1. Users

Users are the originators/creators of data. These data can be personal or business. Users primary responsibility is to submit valid data information to Datum secured and encrypted Network for a reward. Data creators are rewarded with DAT tokens.

STORAGE NODES
Storage nodes allow Datum to provide global scale storage of submitted data.
Storage node requires 3 resources:
Computer power
Storage capacity
Bandwidth

Storage Nodes are economically incentivized by DAT token rewards, paid out as a fixed percentage of each transaction and shared amongst storage nodes according to their contribution of resources.

Data Consumers

Data consumers are Individuals or organization wishing to access data. Users (Data owners) can grant access to their data under precise terms and conditions either for a fee or free.

The credibility of data consumers is of great importance to Datum Network. Datum places emphasis on “Know Your Consumer” instead of the regular or usual “Know Your Customer” (KYC). This ensures that users know and determine who gets access to their data.

DAT TOKEN

DAT is a utility token that can be exchanged for certain privileges on the Datum Network. It makes transactions on the network possible. It ensures that Data owners (source) are adequately incentivized.

Fees are paid to store data, access stored data and rewards are paid out for submitting data with the power of DAT utility token.

DAT TOKEN CROWDSALE

CONCLUSION

The Datum Network innovation is a welcome development at this point in time when data exploitation is at its peak due to increase in access and use of the internet. It will expose individuals and organizations to know the economic worth of their data and earning power that can be derived from it. Economic power will move from large private companies to individual owners of data.

It is indeed a new era of secure, encrypted, decentralized storage and exchange with compensation for owners of data. Thanks to the DATUM NETWORK for this laudable innovation.

ROAD MAP

DATUM NETWORK TEAM

For more information visit datum website

https://datum.org/

Datum whitepaper

https://datum.org/assets/Datum-WhitePaper.pdf

Telegram

https://t.me/datumnetwork

Facebook

https://www.facebook.com/datumnetwork

Author Bounty0x username : @bizzniche

This article was created in exchange for a potential token reward through Bounty0x

    Lawrence Ibhazobe

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