![]() ![]() The founders and main developers of Datum have also led and complete projects that involve building large-scale data processing and management systems, something that is completely relevant to the vision of Datum.ĭatum engineers a solution for the data-sharing problem by using tokenization. ![]() So, why would you share data to these companies anyway?ĭatum is also a secure and decentralized marketplace for data which means everyone who trades data on the platform is compensated fairly.Ĭompanies would have to pay users to access data, allowing you to make money off sharing your data and not giving it away for free without your knowledge or consent.Īlthough businesses will always have a need for data, the Datum platform allows you to choose which of these businesses can have access to your data while at the same time, be compensated for sharing data.īacking up the project is an extremely strong team with over 80 years of combined experience in the industry. Instead of invading your privacy, Datum lets you make choices about what you want to do with your data and whom you want to allow access to your data to (you can even deny access altogether) all in one simple app.īecause the blockchain protects your data, no business or corporation can access it unless you explicitly give them the permission to do so. What makes it unique is that data is stored privately in the database is encrypted and secured by the blockchain technology. ![]() ![]() One blockchain startup – Datum wants to solve this problem.ĭatum allows users to store data from things they use every day like social media platforms or smartphone apps on the Datum database.įirst off, data owners (users) pay a small fee in DAT (the tokens used in the Datum platform) to store their data in the 100% secure and private blockchain database. While this article is not meant to paint these corporations in a bad light, it does highlight a prevalent problem in the data industry. Instead, your personal data is sold by businesses who make billions off your privacy. When you use these services, you no longer own the rights to your own data. Users should remember that data is valuable and it is always yours. Users are “paying” for the free services by giving away their data for advertising purposes.Īll of the data is also shared and analyzed by businesses to be used in the future which extends the situation. The reality is that free services are not exactly free as promoted by these platforms. With a quarter of the world’s population using these platforms, it is no surprise that the data industry is extremely valuable to companies. In fact, more and more platforms are beginning to provide customers a service at no cost to the delight of their users. Like every internet user, the things you use every day like Facebook and Google are free which is always great. Google will generate over $70 billion this year in revenue from advertising alone while Facebook trails behind with roughly $35 billion from its Facebook Ads platform. The modern data industry, while gigantic, is affected by a large number of disadvantages to the source of data themselves – the users.ĭata from users are collected automatically and (quietly) by large corporations like Facebook and Apple which are then used to form its advertising channels and sold for large amounts of money. ![]()
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