Have you ever had the coincidence of seeing the same product in your Instagram or Facebook feed, under the sponsored category, that you searched just a while ago on an online platform, be it an application or a website? Well, let me tell you, it was not any coincidence. This is the way many giants have been tracing our activity through the hidden features in their application or website for generating returns through advertisements. We have been continuously providing our personal data to a number of companies without even the slightest idea about it. We should have the right to own this data but sadly, we do not.
What now?
Datareum has been designed and launched as a finished product of this month itself. Datareum is a decentralized market for the buying and selling of your data that was previously available for free. The fact that it is built on the Ethereum blockchain says it is all about the level of security of the transactions of data as well as the tokens between providers and receivers of data.
The platform will be focusing on a few main aspects of the data as consent of users, their anonymity, control of data and genuine payments. It should be not that if the data will be paid a process, it is obvious that many people will be willing to give their personal data in order to generate some profits for ones which will in return provide a better understanding of a lot of things via that valuable data.
What does it have for you?
The platform will secure your data from being stolen and used by someone else along with offering you the right to own and monetize it. Whatever personal data you store can be directly traded by you to data researchers, analysts and organisations in return of DTN tokens. You can then opt to keep those tokens in your wallet or use it in the cryptocurrency markets or the best option, you can even get it back to the payee from which you got it and request it for some services or goods worth that many tokens.
If you're planning to be a requester,
The very first thing that needs to be a real human being in no case, a bot. Datareum removes the use of intermediaries for the exchange of data. The data, once received, can also be resold by refining it and improving its quality which is provided with the original data.
Some young and enthusiastic people work behind it.
The platform has been planned, processed and launched by a team of very young entrepreneurs, marketers and blockchain specialists who know exactly what they are working on. They have set strict milestones in their road map and have a time period fixed to achieve all of them. The enthusiasm of these young minds can not be underestimated.
The ICO
The pre-sale of the DTN tokens will begin from April 28th onwards and will continue to 14th
May while the crowdsale will begin on 2nd June to continue for the next 30 days before ending on 2nd July. Price per DTN token will be $ 0.03 and the payments can be made through ETH.
So ....
Now that you know that your data is worth much more than a "coincidental post" on your social media account, do not you feel that this is the right time for you to set yourself up to a few extra bucks for your wallet? Datareum offers a promise to you that most "big ones" of the industry that you trust will not ever. So, the question is, are you ready to make your data worth something?
Datareum: A Decentralized Marketplace for High Quality Data
Are you a owner of a huge amount of quality data? Have you ever thought of renting your data for money? Well, it seems something impossible in the past as you will need an intermediary to monetize your personal data. But, Datareum is likely a great approach that can help data owners to get rewarded by selling their data directly to market researchers, academic researchers, and other interested parties.
Using the public Ethereum blockchain, Datareum is expected to be a decentralized marketplace that facilitates peer to peer transaction of sensitive personal data securely. Individuals can use this platform to sell their personal data to interested parties without the risk of being stolen or hacked. In the future, the platform will gradually become an indispensable tool for the data. Datareum will become a bridge that connects Data Providers and Data Requesters without any intermediaries in the between.
If you look at the structure of the proposed mechanism, you will see that it is easy for both sides: the data seller and the data buyer:
Data is knowledge and knowledge is money. However, it has been appropriately utilized in the past. Many market and academic data are available for the study and thesis. Most of them have to conduct a survey to get the data or paying a lot of money for intermediaries to get it while the data owners do not know how to rent their data. That's why Datareum is a MUST for the whole community.
The platform is not just for academic purposes, it can be used for commercial purposes. Quality data of targeted audiences of each sector or industry is always important for market researchers. They are willing to pay a lot of money to get this kind of quality data. Academic institutions also lack high quality data for their students. Instead of funding a long and expensive survey for data collection, they can spend much less budget to get it through Datareum using DTN tokens in a short period of time. Further, Datareum is not just creating a platform, it is developing an ecosystem that its token owners can exchange for goods and services:
With this ecosystem, both Data requesters and Data providers can use DTA tokens to buy goods and services. It is just simple!
If you are going through its white paper, you will see that a lot of useful information about the project that you can not find anywhere else. I have a look at first things. It shows you everything about its problem analysis, solutions, roadmap, team members ....
Apart from its white paper, its token distribution and usage is also important. It shows the total supply of which how many percents will be allocated for development, operation, marketing, legal and reservation. Further, allocation for team members matters too. Datareum is using only 10% for team members and 20% for strategic partners and advisors. Its soft cap ($ 500,000) and hard cap ($ 18,000,000) is low which is easy to be reached.
ROADMAP
More info:
Website: https://www.datareum.net/
ANN thread: https://bitcointalk.org/index.php?topic=3189049
White paper: https://www.datareum.net/whitepaper.pdf
Author: dhavid19
bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1795848
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