So many people give out their data for free to data brokers and social media, thereby making them rich also giving them access to all form of Data such as financial, academic, personal/individual, social, and many more.
A lot of people give out data that can change the world, data that can improve the standard of living of a particular set of people, data that could help in various sectors. The data we release is not in our control any longer. This thing can be very dangerous as the data is used for the profit of the companies.
Datareum
Datareum is built on the Ethereum public blockchain. This platform will allow the peer to peer transaction of sensitive personal information with full security and without facing any risk of data being hacked. The Datareum platform will first use the online survey for building the marketplace thus it will make an incentive mechanism that over the time will ensure the superior quality of data with an innovative tool for all kinds of a researcher in the market.
The platform of Datareum will eliminate the data broker in accordance to peer to peer sharing of data. The blockchain feature integrated with this platform will eliminate the security cost of warehousing data by storing the data on the distributed network. The data will be stored in such a way that the data will be too secured from the attackers as the cost of attacking the platform will be much higher than the cost of information potentially gained.
The following are the benefits which are offered to the data providers
- Anonymity
- Monetizing the information
- Take full control of the data
- Earn residual income on your data
- Sell the data which only you want
- Earn money by filling out the surveys
- Get the payment immediately
The following are the benefits which are offered to the data Requesters
- Reduce cost by eliminating the mediator in the data collection process
- Getting relevant data from the specific demographics only
- High speed and convenient performance
- Specify the research budget
- Trustworthy data are taken from humans, not a bot
- Resell the result on the platform of Datareum
- Make survey as per your need
ICO details for Datareum
The symbol of token which is associated with Datareum platform is 'DTN'. the total supply of DTN will be 1 billion. The token available for sale is 600,000,000 DTN. The soft cap is $500,000. The ICO hard cap is $18,000,000. Initially, the price of DTN token is $0.03 USD. The currency which will be accepted for purchase of Datareum is ETH.
Verdict
The platform of Datareum provides the peer to peer transfer of data which eliminates the need for a middleman. So, the trust and loyalty will be achieved from the company's and consumer's side. Furthermore, with the advancement in the security and quality of data associated with the platform, it will attract a great number of the crowd towards it and even it will be able to build its own standard in the market. Thus Datareum seems a promising platform for both the companies and the end consumers for getting benefited from the world of data industry.
Website : https://www.datareum.net/
Whitepaper : https://www.datareum.net/
My bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1130931;
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