Digital Assets Management Is Essential For Your Success ~ DDAM A next generation of Data Economy
We already live in the era when most assets are digitized. Steadily, we’re moving towards the digitization of, basically, any value. On top of it, tendencies set by blockchain technology imply that little by little, we will be foregoing intermediacy and move towards individual control and management of our assets. In order to understand how to work with them, we should know how they should be classified.
What is Digital Assets
Digital asset is a digitized right of ownership of any value.
Issuance — New coins in the system are to be issued according to the algorithm that’s based on the determined upfront monetary policy.
Transaction validation — Anyone can participate in the transaction validation process.
Availability — The system is opened for use for all (it has no registrations or permissions).
Data storing — Data is available for everyone, that said, everyone is able to store and verify it, which makes transactions irreversible. You cannot fool anyone when you’re in the public eye.
Audit — Everyone can synchronize with other nodes and verify the accuracy of the transaction history.
Governance — No one holds the ultimate reigns of making decisions, rather, they are made mutually through discussions on forums.
Digital Assets Management Systems
After a decade of development, blockchain can now be used to build a secure communication platform for smart cities, providing better public services and optimal utilisation of available resources, including e-government, urban transportation, and infrastructure needs.To build a sustainable blockchain ecosystem, all major players including incubators, accelerators, and community building should be involve.
The Future is Now
Digital Asset Management Market is expected to reach US$ 8.61 Bn by 2024 from US$ 2.39 Bn in 2016 at a CAGR of 20.1%.
The key driving factor for digital asset management market includes the rapid growth in the usage of smartphones have contributed to the growth of digital assets such as images, videos, and other documents. Moreover, increasing focus on digital marketing has further aided the growth of digital assets and thus subsequently the need for digital asset management solutions to manage these digital assets. The digital asset management market is driven as there is an increase in online marketing medium aimed in reaching a maximum audience. Increase in need of collaborative digital workflow is another major factor driving the digital asset management market.In contrast implementation of security layer in order to stop electronic theft of the digital content is major challenge among the vendors.
The DDAM Solution
DDAM is a flexible, secure and stable decentralized data asset management architecture that can help all data producer and managers to realize the value of data. Only scientific and effective data asset management can help data owners to constitute data assets. In the age of data sovereignty, DDAM wants to help everyone create value for their own data.
Not all data constitutes a data asset, and a data asset is a data resource that can generate value for the data owner. Only scientific and effective data asset management can help data owners form data assets.
The birth of DDAM will solve the painful points of data management irregularity and confusion, data privacy leakage, and data flow difficulties.
The basic situation of DDAM public chain Token is as follows. The total amount is 8 billion pieces . The bottom sPOC consensus mechanism is one out every 5–6 minutes. The incentive for each 800,000 block ingots is halved . The initial ingot is awarded 4,400 pieces per block.
DDAM has a clear technical plan and is strictly implementing it. DDAM is currently in the first phase creating consensus.
DDAM public chain adopts sPOC mining, which is lower energy consumption and lower threshold than POW . Therefore, it is not easy to generate power centralization and monopoly problems, and it is more conducive to true decentralization.
This article is written by one of of our valued community members : Kerwin
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