Dataeum Integrates Bancor Protocol to Provide Liquidity over Data Generation Services
Paris, France, 11 September 2018 — Dataeum, the first collaborative and decentralized platform for data generation, has announced today its integration of the Bancor Protocol to provide continuous liquidity for its Data Marketplace.
Dataeum aims to become a reference for all market players dealing with physical data, providing transparency on the data collection process and enabling data acquirers to drastically reduce data acquisition costs through a decentralized marketplace. By integrating the Bancor Protocol, XDT token holders will gain access to continuous liquidity, through the Bancor Network.
Dataeum is a blockchain-based platform which uses crowdsourcing to enable the collection of 100% of all global physical data (such as stores, gas stations, traffic signs) anywhere in the world, with 100% accuracy. It does this by using a distributed workforce of “collectors” who are incentivised in XDT tokens to submit physical data.
Over the past 2 years, Dataeum’s mobile app has been up and running. It has collected most of the physical data in cities such as London, Paris, and Barcelona and licensed its database to several companies, while proving the scalability and profitability of its model.
By placing humans at the center of the physical data generation, Dataeum is giving back sovereignty to people, paving the way to a new branch of the self-employment economy.
Bancor is the world’s largest decentralized liquidity network. Bancor functions similar to a decentralized exchange, with a key difference: orders are processed against automated smart contracts on the blockchain, instead of matching two parties in a trade. Any project can easily integrate their token by creating a Relay on the Bancor Network to automate fair and efficient token conversions for users, directly from their wallets. Tokens on Bancor are instantly convertible for one another, with 8000+ trading pairs across ETH, DAI, BNB & more. Bancor technologies impact organizations and people across the globe, from blockchain teams to token holders to real-world communities in Africa, Asia and beyond. Visit the Bancor Web App to convert tokens instantly, list your token on the Bancor Network or join the Bancor Telegram group for more information.