Decentralized Data Market based on Blockchain
it is a decentralized high-quality data market. Data providers earn DTN tokens for data delivery. The buyers — pay DTNs for using this data. Decentralization ensures the uniqueness and uniqueness of data that will never be deleted or duplicated. A more detailed outline of the project’s activity can be seen on theproject’s website . Datareum’s platform provides a marketplace for high quality data. Data Providers continuously earn DTN as the data they have provided is resold. Data Requesters pay for customized data, which can be resold for profit.
DATAREUM is ready to build data management solutions based on the blockchain technology. Data requesters, Data Providers are the two key players on the platform who will create a new system for data exchange. The data marketplace is available on the platform which is operated based on the Smart Contracts. Every transaction on the marketplace takes place under smart contract. Anyone can register on the platform and their data is stored in the My Data Vault, which is the secure location on the platform.
The access and monetization of the user’s data are controlled by the user himself and he has the right to decide the amount of data to be shared with the data requestors. Andriod and Ios app of the DATAREUM will be available for the users to utilize the services offered. They are not only protecting and selling data but also protecting and verifying the identity of the users on the platform.
How does the Datareum platform work?
To provide high quality data, a verification channel was created. If the channel checks them in terms of quality, they reach the data market and suppliers are rewarded with tokens. Then, the data goes to the data market, where interested parties can buy it at the right price. The first customer purchases data from the database and after using them — he can resell them to the platform. This is mainly an innovation of a decentralized database — the owner is one entity. Resale data from customer A can be purchased by client B. Part of the funds from the sold data is transferred to the database funds to continue to develop it. More specifically, the way the platform works can be seen on the project whitepaper .
To provide high quality data, a verification channel was created. If the channel checks them in terms of quality, they reach the data market and suppliers are rewarded with tokens. Then, the data goes to the data market, where interested parties can buy it at the right price. The first customer purchases data from the database and after using them — he can resell them to the platform. This is mainly an innovation of a decentralized database — the owner is one entity. Resale data from customer A can be purchased by client B. Part of the funds from the sold data is transferred to the database funds to continue to develop it. More specifically, the way the platform works can be seen on the project whitepaper .
ICO INFORMATION
1 Billion DTN tokens are created for the project in which 600,000,000 tokens are reserved for the ICO. The Token Presale starts on April 28th, 2018. 40% OF the funds collected from the ICO will be used for the application development while 25% of the funds will be used for the research and development. The team consists of professionals who are ready to complete the project.
Token Distribution & Usage
Links:
Website : https://www.datareum.net/
Whitepaper : https://www.datareum.net/
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1279177
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