DATAREUM - Decentralized Markets for Data
In the recent years, there is massive growth in the data industry. Every company needs data from their customers to launch new products of them in the market, even these data help in improving the quality of the present product. Thus to facilitate the companies for the data, the role of data brokers comes into play.
The data brokering has become a business that collects and store the personal information of the consumers and the companies who need these data for their upcoming marketing strategies approaches to them. As a whole, the data brokers are those people who gather the information of the consumers without their prior knowledge, due to which none of the consumers is getting benefited from it.
Apart from this, the data brokers collect the consumer's information from the variety of sources such as credit/debit card transactions, browser cookies, and government records. The various data types are associated with this industry like commercial data, consumer data, geolocation data, real estate data, and scientific data.
In the real world, quantifying the true value of these data are not so easy due to the evolving of rapid use of these data. The companies which are looking for the great success in the market, for them the data has a significant value.
The data broker market is growing rapidly, and more and more data are being added daily to their ecosystem and further, they are monetized. In the coming year, the new technologies have given new sources for collecting the information from the surrounding, in such condition Internet of Things (IoT) will be playing a big role.
Our personal data are becoming the economic asset of the future market. These data are the combination of our basic details like location, age, gender etc, our behavior which includes options, attitudes, and interest, and our purchasing history. The problem which is arising for the consumers is that the data which belong to them doesn't seem that they own it and certainly don't even profit them directly. The data brokers are collecting those data and reselling it to the big firms, and make a massive profit from it.
Thus to help the marketplace of data industry the idea of DATAREUM is developed. Datareum is a decentralized marketplace where the individuals have priority to monetize their personal data, and further selling them to the big companies, market researchers, academic researchers and other parties who are interested in it.
Solution offered by 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 media
tor 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
INTRODUCE DATAREUM TOKEN SALE
Token Bonus Presale
Min. contribution = 1 ETH
1 ETH to 4.9 ETH = 10%
5 ETH or more = 20%
Distribution & Use Token
Our sales crowd will be audited twice with all the evidence stored in escrow and returned
to buyer if softcap is not reached
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.
More Information Visit The DATAREUM Link:
Website: https://www.datareum.net/
JST Thread: https://bitcointalk.org/index.php
Twitter: https://twitter.com/datareum
Whitepaper: https://www.datareum.net/whitepaper.pdf
Medium: https://medium.com/datareum
Telegram: https://t.me/datareum
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Author : Eslilin667
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1592209
Eth Address: 0x8BF5F2559AeAe3f5CBf48cD6994A3fDb9B2Bc0a8